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Bitcoiner. I create 'open source, curated rabbit holes' - https://miro.com/app/board/uXjVLMxJ84E=/?share_link_id=771512661840
Replying to Avatar Joe Nakamoto

Important post if you are in the UK 🇬🇧

Plz share with or tag other Brits.

🧵 Thread

A Tax-Efficient Way to Spend Your #Bitcoin While Supporting the Network and Keeping Your Holdings Intact!

One way to spend Bitcoin, help decentralize the network, and move BTC off exchanges without triggering a taxable event is through a strategic spending and repurchase approach.

Here’s how it works ⬇️

Step 1: Spend #Bitcoin at a vendor who accepts it as payment.

This ensures you're using Bitcoin in the way it was designed—as a decentralized currency. You're also supporting businesses that accept Bitcoin directly. 💳⚡️

Step 2: Within 30 days of making the purchase, buy back the same amount of Bitcoin.

This is key to ensuring that you retain your original holdings without being exposed to market volatility. 🔄

The magic behind this strategy is the 30-day rule.

In the UK, this rule prevents you from claiming a tax loss on an asset if you buy it back within 30 days, but it also means you inherit the original cost basis if no profit is made.

By rebuying the Bitcoin within the 30-day window, you effectively reset your position at the original purchase price, meaning no capital gains or losses are realized.

This way, no taxable event occurs, and your Bitcoin stays in your hands! 💼🛡️

Not only does this method keep your tax position intact, but it also moves Bitcoin off exchanges, which enhances decentralization and strengthens the Bitcoin network.

You continue to hold Bitcoin with your initial cost basis, tax-free. 🏛️🔐

In summary:

Spend BTC at a vendor

Buy back the same amount within 30 days

Maintain your original cost basis, avoiding tax implications

Support the Bitcoin ecosystem by transacting on-chain 🌍⚡️

#Bitcoin #CryptoTax #BitcoinNetwork #SpendAndHODL #TaxPlanning

THIS THREAD IS FROM

THIS ACCOUNT;

Stolen from The Secret Investor - Tax accountant on twitter.

Thanks, Joe, great post 🙌🏽

I’m sure they’re very nice people - I’ve got nothing against them.

That said, I can’t help but cringe every time I hear people refer to Natalie and Sam as:

‘Bitcoin Royalty’

hot out of the toaster, rubbed with a piece of garlic (sliced in half) and a good portion of salted butter. 😋

hot out of the toaster, rubbed with a piece of garlic (sliced in half) and a lashing of salted butter. 😋

Replying to Avatar Derek Ross

Growing Nostr is hard. Not because we don't have the tools, but because it requires the hard work of many of us, not just the few. Decentralization is great, however this means that no centralized growth team is going to step in and do the work that's needed. We'll have to rely on a multitude of people to accomplish this. These people will be cultivating and nurturing Nostr's growing ecosystem. They're seeking out unique communities, on-boarding new users, and educating them on the tools at hand, so that new users can create their own spaces on Nostr.

These have been initiatives of mine since the beginning days here. I love building communities, helping people use technology, and speaking about my passions.

Many people across Nostr are working on similar initiatives, trying to #grownostr and foster community. nostr:npub1hz5alqscpp8yjrvgsdp2n4ygkl8slvstrgvmjca7e45w6644ew7sewtysa is one of them. We spoke at extent last week about her current project. She volunteered at the Nostr Booth that I organized at nostr:npub167n5w6cj2wseqtmk26zllc7n28uv9c4vw28k2kht206vnghe5a7stgzu3r a few months ago, got purple pilled in the process, and is now planning on doing similar initiatives at three Latin American conferences coming up soon.

I had a conversation with the organizer of LaBitConf in Prague, who expressed a strong interest in having a Nostr presence at his upcoming conference. He asked that I replicate the same level of involvement he witnessed in Prague, including a booth, speakers, panels, and more. He clearly recognized the significance of Nostr and was eager to feature it prominently at his event. Unfortunately, I had to decline, as it’s not feasible for me to attend every conference. However, this is where the strength of the Nostr community comes in—others can step up and make it happen.

This is what Tanja is doing! Check out her project.

https://geyser.fund/project/thenostrboothinitiative

Well said 🙌🏽

I can't see how giving WBD to another bitcoiner would have worked. They had to retain control of / rebrand the WBD RSS feed - otherwise, they would have had to start over with their listener base.

I don't understand why anyone would refer to themselves as 'Mr. Obnoxious'.

Why would you denigrate yourself, and your (very successful) brand?!

If I were a normie, I would be FAR LESS inclined to listen to a podcast entitled, 'Mr. Obnoxious'... because... to state the obvious... why would I want to listen to someone who's branding themself as obnoxious?!

Peter's recent interview with Silkie Carlo was fantastic. But, as I share it with normies... I feel a sense of shame that I'm sharing a podcast entitled 'Mr Obnoxious'.

I buy into the idea of broadening the focus of the show (and still having Bitcoin as the heartbeat), but WTF was he thinking?! It's really beyond freaking belief!

Anyone else thinking the same?

https://youtu.be/heBLxwEqJZM?feature=shared

Heard of nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Give-A-Shit matrix? I love it, so I thought I'd share my summary of it here for those unfamiliar.

And here's a link to his video: https://www.youtube.com/watch?v=F-LnfDKa7QU

Bravo, Guy! 👏