Visit the US goverment website usaspending.gov. In the Agency - Funding Agency filter, enter USAID.

I've been hearing a lot second-hand about the Department of Government Efficiency's findings, but haven't found a great primary source for keeping tabs on what they're learning.

Do you guys have a good source? #AskNostr

⚡️ I have a question: Why do I go from 5700 followers to 3527 several times a day? 🤔 #asknostr

Hypothetical...

If you had a youtube channel

And you could have any bitcoin company sponsor your show

Who would it be?

GM

Good morning nostr 👑

It has been a VERY trying couple of days for me here.

I remind myself that if all this was easy, the opportunity wouldn't exist.

Keep pushing.

🫡

Now, on to Joplin. I have never used this, because I opted to study the FOSS market and stayed free of any reliance on a paid solution. Many people like Joplin, and I gather the reason is because it has allowed itself to be flexible and good options that integrate with Joplin seems to provide good solutions for users who need that functionality. I see Nostr users recommending Joplin, so I felt it was worthwhile to mention as a case-study option. I myself need to investigate it more, but have found comfort in other solutions.

I closed my bank account yesterday. I am now 100% paying for my life in Bitcoin.

Nervous, excited, and relieved.

#bitcoinstandard

I’m trying to move off of 1Password, but it’s proving tricky. Proton’s product is half-baked, so that’s out. Bitwarden and Keepass don’t support several of 1P’s item types. What’s left? #asknostr

Personally, I'm just keeping a spreadsheet where I manually put my transactions. I have a spreadsheet for each wallet, so I can record transfers between them.

The only flaw I see with your method is that unless you are purchasing noKYC sats, the exchange that sells them to you will soon be required to report that. So the only real way to be the sole provider of information to the IRS would be to exclusively buy noKYC sats.

Beyond that, while I get the appeal of ensuring that all sales are long-term capital gains, as I've switched from FIFO to HIFO, I've realized that a lot of my transactions will be short-term, but that this isn't necessarily a problem.

Let's say I purchase ₿0.001 BTC at $10,000. Then, a year later purchase ₿0.001 at $100,000. Let's compare the taxes if I then sell ₿0.001 at $110,000 (let's just say this transaction takes place less than a year after purchasing the $100k lot).

Let's also assume that I am single and make $65,000/year making my short-term capital gains (STCG) rate on this transaction 22%, and my long-term capital gains (LTCG) rate 15%.

FIFO: Disposing of the early tax lot - long-term capital gains

Cost Basis: $10,000*0.001=$10

Proceeds: $110,000*0.001=$110

Capital Gain: $100

Tax Liability: $100*15%=$15

HIFO: Disposing of the later tax lot - short-term capital gains

Cost Basis: $100,000*0.001=$100

Proceeds: $110,000*0.001=$110

Capital Gain: $10

Tax Liability: $10*22%=$2.20

While I've used simple round numbers here in an attempt to make the comparison clear, your transactions are unlikely to be as clean as these were. That said, I hope it provides some insight on why striving to make every transaction qualify for long-term capital gains, may actually lead to having a higher tax liability than using a HIFO method and disposing of highest cost tax bases first, even if accepting a higher tax rate.

Indeed I see "token undefined"

I "zapped" you 5 SATs, let me know if it works

Not working on grapheme, apparently because lack of notifications

A or B?

A

B

What VPN do you use?