mr. "I don't keep any records" will be fine until suddenly he wants to buy anything bigger than a mid-tier smartphone, then he's fucked when he tries to calculate his cap gains. the threshold needs to be so high that it doesn't burden people who aren't capable of complying with today's rules. the threshold is like a prison for anyone who doesn't want to give money to koinly or a CPA, or learn how to do fifo queues in python