Replying to Avatar nostrnaut

is it so hard to find an API for calculating my adjusted cost basis (ACB)/“average buy price” of my #bitcoin, even when the coins are sent off to cold-storage/#coldcard?

unless you’re storing all your coins on an exchange or a ledger/trezor, you’re SOL since all current tax software simply tracks TXs if the coins are sent off

I’m not planning on selling, but I’m gonna want to know what my average buy is at when hyperbitcoinization happens
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₿logging₿itcoin 2y ago

Prepare yourself for a 100% tax-rate on KYC bitcoin.

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nostrnaut 2y ago

politically unpalatable, IMO

not that I wouldn’t put it passed some politicians to try

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₿logging₿itcoin 2y ago

It's easier to use coinjoin than take the chance on some clerical error.

Just pay a 15% capital gains tax like a sales tax to save yourself some time.

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nostrnaut 2y ago

I’ve coinjoined some, but unfortunately that doesn’t “clean” the KYC corn; they’ll always know how much was bought

it’s a great practice, but it’s just to future-proof against others looking into your past TXs, and therefore wallet balance