Goodnight nostr 🫂

Good chance to view aurora (northern lights) in Canada 🍁 tonight.

Kp 7 🤔 that is high

Good chance to view aurora (northern lights) in Canada 🍁 tonight.

This is my favorite picture of Michelle and Walton. She looks absolutely proud, and he looks absolutely handsome! 🧡💜🕊

Good night #Nostr family 💜

Thanks so much Angela 💜💜💜

Japan's tax laws are perhaps the most hostile to Bitcoin adoption in the world. The bank regulator FSA and industry has tried for years to get the NTA to cooperate on reform but it seems impossible.

Unfair tax laws:

* 55% rate in the etc undefined income category. This part I don't mind personally. If you choose to live somewhere due to the quality of life you pay for it.

* You pay taxes on gains but you can't carry forward losses to future tax years like you can for other investment losses. This led to some strange situations where shitcoin traders went bankrupt due to paper profits and losses happening on separate years. This is the most broken and unfair part of their laws today relative to carry forward or even backwards allowed for Japanese equity trades.

* Average cost basis - this is significantly worse than FIFO, LIFO, or lot selection methodologies allowed like in America. I doubt this can ever be fixed in Japanese law because average cost basis is also how they tax stock trading capital gains.

A few bitcoin devs considered moving to Japan in past years but decided against it almost entirely because of these tax laws. A few Bitcoiners also left Japan over this.

You have me curious. Why wouldn't Japan be able to do the same?

I don’t see why it’s the bigger issue 🤷‍♂️ US is not firing off ICBMs on any random day over continental Japan.

*wouldn't you say?

Japan is a colony of USA, any country that has a foreign military bases on their land is NOT sovereign. Truth always hurts isn’t it!

Bigger issue is USA and not North Korea, China or Russia. Those countries do not have military bases all over the word unlike USA.

Hi #[1]