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Michael Richline
095b1bbd5cb596589d46c0198be6fb3af124e4094d5a177a240d0973bc0c571a
Bitcoin advocate. - starting over on NOSTR

I recently found out, there is a program called ROBS

"ROBS" stands for Rollovers as Business Startups, a financial strategy where you use funds from your existing retirement accounts (like a 401k or IRA) to invest in a new or existing business, typically by forming a C-corporation

You then issue stock from your newly created Corp and sell it to your 401k/IRA. You can use these funds that end up in the corporate bank account for "legitimate business expenses".

So say one has some Bitcoin sitting in an IRA at somewhere like Unchained. What's to stop that person from selling their BTC for cash and then moving that cash over to their newly created corporation through the ROBS process and turn around and start a Bitcoin Treasury for the company?

You end up funneling your Bitcoin tax and penalty free into your company.

Anyone see any holes in this idea?

Another note, I plan on spinning up a new company to purchase another company anyway. So there's no additional cost involved in this process except maybe the time to get it all setup properly.

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We visited a town in Idaho yesterday that was 98% LDS. Safe, clean and friendly people there. Had a dream last night the Morman church adopted Bitcoin as their standard for tithing. Maybe it could happen.

All churches should accept Bitcoin.

Headed up to Park City to hang out and have fun with the family. No Bitcoin businesses in site. ☹️

I regularly try and find Bitcoin businesses when traveling, but they are few and far between. Anything better than using btcmap or Orange Pill app to find them?

Hope she's willing to learn about Bitcoin, having a partner on the same page makes a world of difference.

Just listened to nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqpp4mhxue69uhkummn9ekx7mqux2c7y's latest interview on What Bitcoin Did and I had to check my thinking about my future plans. I still have one foot in the Fiat world, when I don't have to do that anymore. Why not completely exit and build something in and around Bitcoin?

It's so difficult to completely break away from our preconceived thought patterns.

I typically try and support Bitcoin businesses when I travel, I use the OrangePill app and btcmap.org to find them. But when the map looks like this... Are there better resources for finding Bitcoin businesses?

Mission find a new home has 3 votes for the Cortez/Delores/Mancos area of Colorado. I'm not a no vote, I'm just currently abstaining so we can continue our Epic USA road trip. This area of CO has so much to do and see, we barely scratched the surface. A trip to Mesa Verde was one of the highlights. We left CO today and landed just northof Moab. Tomorrow, Arches national Park and then onward to SLC for a few days to explore there.

Colorado rarely disappoints.

I like the left, I feel the one on the right blends in too much and it's tough to see the outline of the figure.

Our "Epic USA road trip" finally kicked off after several early mishaps. We made it to Gallup, NM for the night and will be pushing on to Delores, CO tomorrow where we will setup shop for a bit and explore and look at properties.

Let's hope our roof patch job holds.

The "Epic US road trip" has been a bit of a disaster. We are still in Cloudcroft NM. It's been one issue after another. Ran the RV into a low hanging branch and ripped the roof membrane on the RV. Patched that up and tried to go out to Colorado today.

Got to Tularosa and blew out a tire. Put on the spare and went back to Alamogordo to get the tire replaced. Got it replaced and went down the road and even before getting to Carrizozo the patch job ripped up by the wind and we aborted and went back to my folks in Cloudcroft. Got back to my folks place and started a different way to fix the roof and the horn on my truck just started randomly beeping and couldn't shut it off. Had to cut the horn wires. So, not sure what we are going to do at this point. We will try once more tomorrow.

First day of the "Epic US road trip" ran into a speed bump. Well actually a low hanging tree branch did the damage. Immediately after finding the rip in the roof mother nature laughed and poured rain down on us. I think I have it patched up enough to continue on, but not the best of starts.

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I zapped for the first time today. And it felt good.

Replying to Avatar Ben Justman🍷

After six years of setbacks, false starts, and watching Mother Nature crush my plans, I'm finally holding the wine I've been chasing: a Pinot Noir that shows everything my vineyard can be.

Let me tell you why.

When I decided to make wine, I had one advantage: proof of concept. My dad had been making Pinot Noir from our family vineyard. Despite having almost no sense of taste or smell and winging it completely, sommeliers were raving.

If these grapes could make him look good, I knew they were special. I knew this vineyard was where I'd make my name.

Having a great vineyard is one thing, but actually capturing that essence into a bottle was way harder than I expected.

2019: I nailed the growing season, managed fermentation, then botched the final stage. Six of eight barrels turned to expensive vinegar. Rookie mistake.

2020: Wildfires pushed birds off their migration routes and they devoured three-quarters of my crop before I could blink. Two barrels.

2021: A frost the previous Fall killed every vine back to the ground. Zero barrels.

2022: The vines were still rebuilding. Two barrels again.

Four years of making the wine I cared about most and never having much to share.

Then came 2023.

The vines had recovered. The weather was finally normal so we didn't have to contend with pests, fires or frosts. Instead of what became my usual two barrels of liquid bitcoin, I got sixteen. Sixteen barrels of what I believe is the most delicate, balanced Pinot Noir you'll find outside of Burgundy, with that firm backbone of high-elevation acidity that only our Colorado vineyard can provide.

After two additional years of aging, it's finally ready.

It took six years of trying to get this right.

I can’t wait for you to taste it.

Ben we are starting an epic road trip tomorrow which will include CO, UT, WY and SD. We may have to swing by and grab a few bottles from you in person!

Gold was sound money. Private ownership was banned by the US from 1933 - 1974 and the dollar taken off the gold standard in 1971. Tell me again why you think Gold is a better protection than Bitcoin?

Replying to Avatar ricky

Howdy

You're the only one. I can't seem to gain any traction on NOSTR.

Say Howdy if you see this.

Had a great chat with a friend about Bitcoin and investing yesterday. Instead of pushing her to buy, Coral and I suggested books and content to deepen her understanding. Knowing why people believe in Bitcoin’s potential is key to confident investing

pic generated by AI (I don't have that much hair!)

"Bitcoin is too expensive"

"I should have bought it earlier"

"I missed my opportunity"

These are all excuses. Study what money is and why the dollar will continue to lose value and Bitcoin will continue to be more valuable.

You can still buy Bitcoin

It will be more expensive in the future

The opportunity to be early is still right in front of you.

Doing my part and snatching up some cheap sats.

I don't believe a damned thing the media says.

I recently finished nostr:nprofile1qqsxc56ajk5xtxerf4dqspgrfa0s5elrcr80lnz9nasldq87j3zzf0cpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0259gsy The Big Print. In it he recommends several other books to further reinforce his main premise in the book. I am proud to have read several on the list, but need to up my game and read some more.

The big print is coming. Buy Bitcoin

I delivered the building on the right to High Rolls NM on Saturday. Cleaned out the one on the left today and will haul it away tomorrow.