Nostr Web Client

Controversial #Bitcoin takes...

1. Holding #Bitcoin in tax advantaged retirement accounts (like w/ Unchained) is only an advantage if you think taxes will be lower in the future than they are now.

2. The real value of unregistered (NoKYC) sats is exiting the nation state and multigenerational estates, not fiat gift cards.

3. One should use a dedicated laptop/device to interact with their #Bitcoin savings, not their daily driver.

4. Retail isn't going to front run institutions like Bitcoiners are.

5. El Salvador is vulnerable to late-stage imperialism by the liberal world order.

6. BlackRock could very well succeed at paperification of Bitcoin in the medium term, effectively trapping most of the "dumb money" from exiting into Bitcoin.

Luke Dashjr 2y ago

If you think YOUR taxes will be lower in the future. Like for example, if you're no longer working and have income from that...

Or if you think it will become easier to get away without paying the taxes someday. Like if the government ceases to exist

Reply to this note

Please Login to reply.

Discussion

twentyone 2y ago

Didn’t #[4] once say something about not selling your bitcoin because it’s like prime real estate in Manhattan. That rather than selling it and having to pay capital gains tax rich people will use #bitcoin as collateral for a loan and therefore legally avoid having to pay taxes on it. And also if you sell it you’re likely only going to have to buy it back at a higher price while also paying taxes on the sale.

Luke Dashjr 2y ago

Tried that once. Then Bitcoin price kept dropping and I had to sell even more than intended in the end.

twentyone 2y ago

Yeah I don’t think this early is the time to do it but I could see it a decade or two down the road

Laser 2y ago

If #Bitcoin continues it's ascent one might conclude that the window for obtaining favorable debt is closing.