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bitcoiner7 nym
883628d507486d70f58981b4e03dfcacefc51dd4ef7c7f0df40453a158322c84
Freedom. Truth. Value. Happiness. Good life. This is what I'm after.

Read a book “A Walk in the Woods: Rediscovering America on the Appalachian Trail” by Bill Bryson

Ad blockers.

But also there, beware of scams. There are as blockers that track your every visit and sell this data, while blocking ads and other trackers okay.

Or better browsers, like perhaps Brave.

Or screw it and let them track his long you stayed on a page or where you hovered your mouse pointer on. After all, the only outcome will probably be, that you see better targeted ads vs random ads.

I mean, I don't like it, but, maybe I'm underestimating the impact, but, who cares. They will classify your device browser cookie or mobile advertising ID into some audience segment such as, people interested in this or that. So what.

I mean, yeah it's a nuanced thing.

Thank you for posting these snippets.

I find them valuable and inspiring.

And so, I felt like letting you know.

Yes, would be great, but, I think, it would require 3 things:

1. We find employers, or other income source, or build a business that generates revenue in Bitcoin.

2. We find sellers that sell us food and stuff for Bitcoin.

3. We find and immigrate to a country or jurisdiction where the is no predatory extortion tax for using Bitcoin as money, or we live in a shadow parallel economy black market, facing a risk of prosection for tax evasion

Hard, no?

I'd love to, but how?

Am I wrong and there is a way and I'm failing to see it? Would be great.

Replying to Avatar Cyph3rp9nk

Living with Bitcoin.

Lately I'm a little sad because Bitcoin adoption by "common" people has been slowing down.

I would like this post to serve to collect ways to use our Bitcoin without having to pay taxes, since paying taxes is totally immoral.

I am not a tax expert, on the contrary, I simply give information that I have been collecting and especially for European citizens.

The first way which is the one I like the least, which is to exchange your bitcoin for FIAT and buy products with it, the question is that you can not do it in your bank account in your country because if not, the tax authorities will knock on your door. You have to do it through neobanks that give you an iban outside your country and if it is possible that this is outside the European Union better, you also have to keep in mind that this account can not relate it to the account of your country because to make a transfer in either direction, through the CRS system the treasury of your country would know the existence of that account. The operation would be to sell on the exchange and transfer it to this account and use the card to pay for goods and services.

Here are some neobanks, it would be helpful if together we can expand this list:

Revolut - Lithuanian IBAN

Bankera - Lithuanian IBAN

W1tty - British IBAN (Does not allow sending to exchange)

Wise - Belgian IBAN (Does not allow sending to exchange)

Tap - British IBAN

Icard - Bulgarian IBAN

Dukascopy - Swiss IBAN

Advcash - Lithuanian IBAN

The next solution is the one I like the most, being able to use your Bitcoin to buy goods or services:

https://www.bitrefill.com/

And we have this excellent nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlc guide:

https://darthcoin.substack.com/p/pay-bills-with-bitcoin

It would be appreciated if we could expand this guide together, the only solution for Bitcoin to succeed is to use it, it is useless to have it stored until the end of the days.

I'm with you on thinking about this.

I don't want to be paranoid but I do wonder if using neobanks within the European Union is safe, from the risk of government overreach perspective. Governments in EU can collaborate on tracking us down.

Perhaps Dukascopy from Switzerland is a better choice. But even there, I would not be sure.

Tough issue. How to drive Bitcoin adoption, which means use it to buy stuff, and yet avoid tax implications, ideally legally.

I guess the best thing works be to live in a jurisdiction where there is no capital gain tax on selling Bitcoin, but this leaves is with Switzerland, hard to immigrate to, or El Salvador, far away, maybe Madeira as well. Any other options people see?

Otherwise, we have to hide behind peer to peer exchanges, coin joins or alike, which all comes with the cost, hassle and risk. Even peer to peer, like Bisq or Robosats, they anyway leave a trace in your bank account history. Sure, it looks like a regular transfer to some individual, but still, if they trace the Bitcoin seller, they will know. And peer to peer cash, impractical.

Interestingly, in the sovereign individual book, the authors predicted Bitcoin, but also predicted a growth of e-commerce and an economy that is outside of the governments ability to tax, which, I think, has not really materialized. Thanks to technology and regulations, is seems to me, governments can easily track our transactions, unless we try to hide, which, like I said, come with cost, risks and hassle.

I'm unsure what to do myself. Today, beyond stacking sats for the future, that is, the digital gold or treasury reserve asset use case, I'm not selling, I'm not using Bitcoin to buy anything, because, from a tax perspective, it is like selling.

Complicated. I'd love to hear perspectives from others.

Replying to Avatar Seraf

I like your point.

At the same time, I'm wondering, even if someone crates high quality content here, and gets zaps, is it realistic to expect any meaningful amount?

I mean, getting 5 thousand sats or so, for great posts sometimes, or nice images, or quality tutorials or translations, yes, this is all good, but,

I'm just trying to be very real, and I don't see how anyone could make a living of it, or even make it a meaningful income stream.

I'd like to be wrong.

Thoughts?

Beyond elite top quality very few content creators, is there a chance for an ordinary person to make a meaningful income here?

Replying to Avatar WhiteRabbit

Been in bitcoin a bit over 10 years I thought it would be a good time to reflect on some lessons I learned. When I first started buying bitcoin it was purely a novetly thing because bitcoin was the new hotness and I was (still am) a dork who was interested in GPU mining. I had no principled play, no underlying economic theory i was simply in it for the technology as they say. Lessons in chronological order as I can remember them.

I started mining in 2013 with GPU's then eventually moved to a Butterfly Labs Jalapeno device. I stopped mining simply because the ROI wasn't looking good on paper and mining wasn't quite a set-it-and-forget-it style investment. My townhouse was uncomfortably hot in the summer and that sucked. Lesson learned: Don't judge the value of bitcoin at present day market value if you don't need the money immediately. KYC-free sats are the best thing ever.

I stopped buying bitcoin when the market turned down 2014/2015/2016. I still hadn't acquired the economic thesis I have with bitcoin today. Lesson learned: never stop DCA'ing especially when you're gut is uncomfortable with the price action.

I used a paper-wallet with address re-use from 2013-2017. Ooph. Dodged a bullet here - could have had a compromised private key.

I bought ETH. I started listening to all the hype how ETH was so much technolgically better than bitcoin. Ooph. Fortunately I dumped it and did well. Started really fortifying the economic and technical theory for bitcoin.

BCH fork wars. Followed it closely. Post fork I was genuinely scared I made the wrong decision. Further fortified the case for bitcoin and against forks. Thank you Roger for the extra bitcoin.

Moved from a single Ledger setup to a multi-sig collaborative custody setup with Casa. Too expensive. Dumped them.

Moved to Unchained. Multi-sig, multi-vendor, open source. Perfect.

I am fortunate to this day that i have never sold a single-sat. I've exchanged for a few minor things here and there over time but never decided to start selling because I am very comfortable living below my means and securing a better future for my daughter and family.

Things I am doing right today: DCA daily. Strong custody.

Things I need to work on and things i still lose sleep over: better non-KYC stacking strategy, more clear pathway for inheritance.

Thank you for sharing your story!

Whatever happens to us, we are always free to choose our response, this is our last freedom. I got this from Victor Frankl, via Steven Covey, 7 habits book.

In this context, we always have some level of freedom, in a pause between the stimulus and our response.

But then, of course there is also freedom in like "do whatever I want", which is and should be limited by freedom of other people, i.e. I cannot kill or steal because this would be an attack on the freedom of others, their individual rights, property rights, etc.

But I do need to paste my nsec into nos2x, right?

I anyway cannot do this.

I added the extension but nothing happens when I click options, where, according to instructions, I should page the nsec.