Nostr Web Client

TaMeR - Hard money is good. But those Nigerians, Turks etc are still subject to the laws of their state and any taxes due. In that sense bitcoin is simply a better hard money (used to be Dollars people in crap countries held).

Remember, BTC is a ledger. You can get in without KYC, but you can't get out (at scale. Sure, bitrefill for groceries, but a car? a house?).

TaMeR 2y ago

I can't leave with more then $10,000 worth of Fiat. But I can leave with any amount of Bitcoin. That alone makes Bitcoin worth it.

Reply to this note

Please Login to reply.

Discussion

Ian "nostr.naut.social" D 2y ago

Yes. I am long on BTC, but what you describe is simply that bitcoin is brilliantly portable. But the country you move to, will expect their taxes to be paid when you cash it out for a house.

TaMeR 2y ago

If I decide to spend my Bitcoin in a state with real estate taxes, I will pay my taxes. The point is I will have money to spend. Without Bitcoin I won't.

No one can make me spend if I don't want to. As long as I don't spend no one will even know what I have. I will spend where I am treated fairly. Noon of this applies to Fiat.

Ian "nostr.naut.social" D 2y ago

Actually it all applies to fiat. It;s just easier with BTC. You are actually agreeing with my original preposition. Using it as hard money.

TaMeR 2y ago

I don't get what your point is. We have people from Iran here in Turkey. All they could bring was Bitcoin. Fiyat, Gold nothing works like Bitcoin, not even close. No one can tax you by force with Bitcoin.

No one can tax you on your savings. Tax only applies on spending, such as sales tax.

That is plenty hard if you ask me. And we never had anything that even came close.