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Dr. Fernando Morales
6b4ec98f02e647e01440b473bbd92a7fae21e01b6aa6c65e32db94a36092272e
•I am a general practitioner focused on optimizing health through the #carnivore and #ketogenic diet, as well as #quantumbiology. Listen to all my #Nostr exclusive content and more on Fountain: https://fountain.fm/show/X0FYoyalr3N4i1Pmq9YK #Ancap #Homeschooling #Austrianeconomics
Replying to Avatar TKay

Not sure how many started using Bill Pay from nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9

I’m going to test it out for 2025.

Not sure though how the taxes will workout. Let’s say bitcoin goes up from when I buy it. Then sell it to pay a bill. The profits are taxed as income tax which is very high, this might bring me down to a net loss?

Does that mean this is only beneficial if the bitcoin price shoots up enough to cover both tax and bill? -> taxes are confusing.

Example:

I buy $100 worth of bitties, price goes up, it’s now worth $110.

I pay my electricity bill which is $110. I pay 37% tax on the $10. That’s about $3.7. I still benefited from the $4.3?

Is this math correct?

Yeah, you pay tax on the $10 since it's profit.

Or, you can wait for Jack to launch his btc loan service, where you put btc as collateral in exchange for fiat and you don't have to pay taxes on loans. Then just roll over the loan with a second loan, which liberates the btc in your first loan. Rinse and repeat. This is not financial advice, and keep an eye on the LTV ratio.

Haha I might be in my home country. Where will you be?

Haha I was so focused on the orange pill with her that I forgot about the purple one. That will be my next task.

I'll see if I write about it or simply make a quick video, but good idea for content.

It's done, I've officially orange pilled my mother enough for her to start DCAing hard into #BTC, another memorable day. 2025 is going to be legendary.

If this happens hundreds or thousands of times in towns around the world, it could show what works and what doesn't. Eventually, 1 town might get it right and become the guiding light. Haha I'm just sharing my fantasy.