You know they can’t charge gains tax if we just use BTC as money and never sell to shitdollars
Discussion
💯 opt out, opt all the way out
Right, so tell my mortgage company that.
In due time. In due time
Yeah dude. That's what happens when you go into debt.
Yeah, I know lol. I took the debt in dollars because shorting dollars is smarter than shorting Bitcoin. But being paid in bitcoin makes paying off that debt cumbersome because I don't like holding dollars for the 48 hours it takes to confirm payment.
I will go to great lengths to avoid shorting anything. I hate being owed things and I hate owing people things.
Shorting for a collateralized asset is not a naked speculative short. Mortgages are backed by property so, I don't mind shorting the dollar with collateral.
I don't want people to have any sort of right over my property, even just as collateral. I don't care what kind of short it may be and I don't care if I have collateral. I don't like being owed things and I don't like owing people things.
You gave up your rights to someone with different values than you. I want to do that as little as possible going into the future and I am willing to junp through hoops in the process.
Yepp, hoping for some decent BTC backed loan offers soon to retire.
nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhwumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wsqzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38q7t6dtc 😉
I wish that were true.
It is. Capital gains only happen when you sell or convert, if it stays as BTC, you haven’t made a gain
Goverments are more evil than that. In Germany, you have to get the euro price of btc from the time(s) when you got the sat(s) and the time of the taxable event (which can be buying something) and pay tax on the difference. Major exchanges like binance are accepted for price estimations. As always: when you do it „wrong“, it is your fault and the government is free to come after you.