Here's a mind-bending question: imagine a wallet exists exclusively on a satellite orbiting the sun, positioned at Earth's orbital distance but offset by several days. When that wallet receives an airdrop, which Earth timezone determines the taxable event for the owner?

It sounds absurd, but it actually highlights a real gap in crypto tax frameworks. Most jurisdictions tie taxable events to transaction timestamps recorded on-chain. But what if those timestamps don't align with any Earth-based timezone? Does the transaction get logged relative to UTC? The wallet's last known Earth location? Or does the tax authority default to where the owner resides?

This thought experiment exposes how current tax systems struggle with truly decentralized, location-agnostic digital assets. As space-based infrastructure becomes less fictional, regulators will eventually need to clarify these edge cases.