Omg this is so dumb 🤦🏻‍♂️
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Discussion
No way they can figure this one out. Even if they did, the amount of potential gaming they just introduced is eye watering.
Over protective can backfired.
I can’t wait to see this all backfire. Idiots
MADE IN THE U.S.A., GUY!
I thought the IRS is getting deported anyway
Monero is not mentioned here.
Providing ZERO capital gains taxes for well over a decade.
Know the tools.
Use the tools.
Oof, those silicone valley shitcoin bets not gonna pay off unless the hand gets put on the scale somehow
shitcoiners going to shitcoin. let them. i bet a lot/most of you shitcoined before you were a maxi. some people just need to get burned a little before they learn their lesson. if that means a slower adoption, so be it. there a lots of positives to a gradual adoption
I don't know. Is trap a dumb thing?
Whoever pays capital gains on bitcoin out of fear of being called a criminal is dumb anyway. I don't need cowards on my side.
Whoever is greedy or lazy or dumb enough to skip bitcoin and go for shitcoin casinos, even if made in USA, for whatever excuses or incentives, is also a war mongerer, stateist, domocrat, socialist-commie, vaxxed and coward. Do you want such a person to lose money (which was stolen or earned doing evil jobs in the first place) with shitcoins and have less power than you, or do you want him become richer than you with bitcoin, without understanding it, just by following incentives imposed by the saint state if Trump imposed bitcoin on them instead?
I mean I have never been technical. I despised bitcoin as any other technical progress based on info available to me at the time. No meritorious person I knew had given me any reason to suspect bitcoin was any different than say Visa card or wechat app.
Melania was one of the people that seemed potentially meritorious to me. When she released her first NFTs I paid attention. Gave crypto currencies a chance and spent my time to look into them. She did not hook me on shitcoins and NFTs, because my nontechnical investigation led me to conclusion that bitcoin seemed to be a great invention, while everything else a shit as I had suspected before based on the general tech = shit assumption. I understood why given the circumstances of the time she could not promote bitcoin directly. I later confirmed validity of bitcoin through a deep technical practical hands on analysis on my own.
So what is the problem? Shitcoins is a great way for drawing attention of unsuspecting normal people to bitcoin while traping stolen trillions of shit producers and slave masters in shitcoins, thus giving a chance for meritorious and virtuous people to gain power for the first time since tribal times.
Don't pitty the cowards and the lazy. Nobody is really stupid nor less gifted. Just proud, lazy and greedy.
I suppose that Bitcoin, given that it is alien technology, falls under the category of “non-U.S.”?
Assuming you mean stupid and not mute, because…..?
Because they should either get rid of capital gains altogether, or make it universal. This is just going to artificially encourage everyone to launch some stupid shitcoin for no reason.
For the record capital gains is a horrible tax and should be deleted. It’s punishing people for inflation avoidance.
And income tax is punishing people for being productive. Not sure why cap gains is worse than other taxes like income and sales. I hadn't thought of the inflation avoidance angle before though. So we have a feedback loop between the gvt causing inflation and getting more revenue from cap gains. I wonder if there is a way to modify the cap gains tax to reduce that effect.
It’s like watching every other cycle combined into one large wave of bad decisions (along with some decent ones)…is this the feeling of a Nation State having essentially a “burning the hand on the stove” moment?