What i am wondering is how this would be taxed? Specifically SP, since at least 50% of your "salary" would be paid in that. SP isn't really immediately usable, so the "value" is impossible to calculate.
Paying taxes off of SP would be like paying taxes off of WOW gold, because you can sell it for a certain value.
It opens up to a lot of questions...
Depending on where you live SBD earned are taxable based on the value on the day you earned (paid) them. As you can take that SBD and turn it into fiat cash instantly (with fees which you can deduct) it has a value at that moment and that should be reported. At least that is how the IRS would view it based on the new rules outlined and what I have read from interruptions. They also have very clearly stated that changing one coin to another is a taxable event if there are profits.
This is all something people need to be paying attention to. Many think this is all fun and games, but if you exclude income from any source it can lead to massive penalties if you are caught down the road.
Yes, there are many questions around this and related topics. it really is a can of worms thrown down a rabbit hole.