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BitcoinAccountant
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Learning Nostr Damus

My 4 year old daughter asks me if she can “do the bitcoin” every night before bed.

That means she wants to spin the wheel on the Fold app.

0-2 sats gets a whomp whomp response.

Anyone else let their kids spin the wheel?

I have heard of Self Directed IRAs that allow you to hold your own private key but I have not heard of anyone doing this so was hoping for some feedback.

Well at a minimum I sparked some conversation about this topic. I am entrenched in the fiat system as an accountant, but believe in bitcoin and feel strongly about bitcoin. Perhaps some day my job won’t be necessary and I can move on to something else. For now I’m trying to save people some tax with some planning…

Assuming an off ramp to a bitcoin wallet will be easy by then. If you could save $2,000 in tax now and buy more bitcoin with the savings then you still have more bitcoin. The IRA custody issue is the big downside as well as future tax…

Can’t you do both? IRA and self custody the majority. Save some tax now and use a reputable custodian for the IRA. I understand there is 3rd party risk. I haven’t found anything I’m comfortable with, hence the question, but I also like to do some tax planning and have multiple buckets just in case I can retire some day.

Any one know of a reputable bitcoin IRA?

People can still contribute to IRAs for 2022.

When I try to zap this message with WOS it’s 1,000 and when I go to your profile to zap you it’s 1 sat. Strange.

#[0]​ this is fantastic!

Zapped #[2]​ and it worked. Looked like it wasn’t going to but then it did…