I remain simultaneously optimistic and realistic about bitcoins future.
I dispensed with ideology some time ago.
Discussion
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62727$..
.. Nothing changed, we are here to separate miney from State. We stay stick to that, realistically looking in to the future with more and more optimism as #Bitcoin is still here, day after day, block after block.
I read this as - it could go well or it go poorly but it is going!
I think itās going well, but there are many challenges ahead.
Itās interesting thatās for sureā¦and has managed to keep my attention for a while now! I donāt know why, but I sure feel more and more curious about where this path leads and more and more certain it will always be unpredictable.
So you're saying you now plan to pay taxes on your Bitcoin gainz?
You donāt?
No bc I have never sold a sat.
Plan to* future tense
I never plan to sell a sat either. If fiat world work cannot cover my bills then there is no incentive for me to pay taxes on bitcoin.
I'll play in their walled garden and win and also win outside it. If their walled garden fails (which it will) they have no ability to levy a tax.
It's purely rational.
Itās ideological.
Let's say in hold Canadian and get paid in cad dollars and I do all my day to day life in cad while living in the US. They have zero jurisdiction over my cad accounts.
They have no jurisdiction over this protocol.
Youāre free to do as you please but imo conflating bo jurisdiction over your bitcoin with no jurisdiction over you is an error in judgement.
Yes that is when the jurisdictional arb commences. That arb goes to zero.
In case you have forgotten.
http://trilema.com/2014/interacting-with-fiat-institutions-a-guide/
On my fiat job paycheck, yes. This tax is stolen up front. Nobody has a choice in the land of the free.
I keep fiat things fiat.
You donāt have a choice about paying on bitcoin gainz either. The minute you go to fiat you owe 20%.
If youāre living like a baller maybe
If you keep it under $500k itās 15%
And if you can manage to live off of $89k a year and are married then you pay 0%
Jeffrey Epstein's clients do say that... I learned that trading the apex money for USD fiat is a critical error.
For example, I once considered cashing some Bitcoin to purchase a "very nice" car. In the end I never got around to it, got too busy with passion, and kept my reliable 8yo SUV. After all I only drive ~4k miles a year... Had I executed that trade, I'd have a car parked in my garage worth more than the house, in lost Bitcoin appreciation terms. And a fraction of it's original fiat price. My offspring will whisper this story down for generations.
KEEP FIAT THINGS FIAT. Never benefit the state by transacting your Bitcoin into their Jekyll Island, Titanic sinking, satanically incepted pedophile money. If you need fiat things, get a fiat job.
And, KEEP BITCOIN, BITCOIN. Transact in Bitcoin, measured in Bitcoin/SATs whenever possible. 1 BTC = 1 BTC, just as it was in 2010.
Funny thing is, there's a guy in my area, with a "very nice" car, and a "BITCOIN" license plate š. I laughed out loud when I saw this, and gave my loyal car a good-boy pat on the dashboard.
How soon is early. Welcoming TRUTH seekers, and lovers.