While I am not a lawyer or tax accountant - I think it’s important to note that basically none of the reputable tax firms have made any statement on this. It is getting hyped by a bunch of cryptard crypto tax influencers to try sell you their kit.
The most reputable summary I’ve found is from RSM (link below). They frame it as an OPTIONAL action that one might take if they believe they can gin up some tax efficiencies for themselves out of it.
Otherwise it sounds like you’re just subject to FIFO on one hand (not unreasonable) and then (counterintuitively to the former thing) each “wallet”needs to have cost basis going forward (which is absurd).
They don’t know how to define a “wallet” and it is not clearly defined. To me the simplest way to think of then, in the absence of clarity, is tracking cost basis at the exchange level. Though even this will be difficult for many of us in a retroactive sense.
So going forward, I take this “regulation” if it is actually to be a real thing, to favor the following actions:
1. Keep it simple, use FIFO
2. Don’t mix bitcoin from different centralized exchanges (to contain the cost basis at the exchange level)
3. Don’t sell if you can help it.
#Plebchain #Bitcoin
Be warned. Once you get ANY home mining device you begin to think of your home / space as “The Mines™️” and you will feel a pathological urge to scale your production of “the bitcoins™️”- costs and practicality be damned. I’m pulling in 550-650 sats per day and now I’m like “what would I need to do to scale to 10k sats per day?”
This all started like 3 months ago with a single Bitaxe…
It’s wild because Twitter is all people being extra racist, clinically stupid, and like actual, sometimes full length, pornography in the name of “free speech” and yet here on Nostr it’s people being chill and nice to eachother, maybe perhaps because noone here has to “prove” that we have free speech by being edgelord provocateurs.
They grow up so fast…
8x8in, yes. 8x8 ft, would need a few. 8x8 meters, nah 🤣
They are very quiet, even on the high setting. On high the heat is nice, but still not oppressive, could definitely keep your toes toasty.
I am finished reading about the CIA for awhile 🤮
Giving this a try
https://www.goodreads.com/book/show/61089458-planta-sapiens
#bookstr
What books do you suggest about the CIA?
There is a beautiful mundane, Anon.
#Plebchain #Photostr #Naturestr 
I often wonder, how, fundamentally, bitcoiners and Nostriches differ from tech bros in this regard…
#plebchain
Oh, I didn’t see you there….
Yes, this is just what I get up to on a normal Friday night these days…
#Plebchain #Bitcoin #Mining #Homemining
#Photostr 
The comments I’ve gotten from other Nostriches on this have been really fun! nostr:note1rv2ze52da9q55mwamksjzjspf4pz0lu8kkf8xd2kr0lqx0em0nwq7sncpt
I think there is indeed. The design is a “Seed of Life” pattern but with 7 circles around the center instead of six. This of course hides the Heptagram and various 7-pointed stars. The interesting thing about 7 is that it is the only base number between 1-10 which does not divide the 360 degrees of the circle evenly. So the heptagram / 7-point star is always and by necessity mathematically oblong and imperfect. The ancient took this as reminder of the everpresent existence of deeper mysteries in creation and the truths and patterns in the universe that exist beyond what can ever be known.
Thanks! I’ve gotten a lot of space / aliens / starmap responses so the psychedelic take is new for this piece. I can definitely see it.
Studying all the paths and splinter divisions caused by this “H1B Visa” flare up on Twitter underlines why “The Hateful 8” is one of the single most on-point movies ever made about America.
#plebchain
Not that I’m seeing but they should. I would like to see this feature on Mullvad as well.
What feeling does it evoke? What’s the first thing that comes to mind when you see it?
Im one of those people who does the stop charging at 80% to “save the battery” lol
An epic drama in 3 parts #Plebchain 
