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Andy The Bitcoin Adviser
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Partner at The Bitcoin Adviser and Loan my Coins, Stacker of 🌽, bitcoin is our pension fund!

Seeing projects like this make you realise just how far ahead a decentralised protocol is than a centralised app. We’re massively early but the innovation is whip smart quick, exciting things ahead!

And a conspiracy theorist too no doubt!

It’s probably got a lot to answer for in fearmonger sea level rises when that’s clearly bollox.

I’m in fierce agreement it’s all as shady as shit. It’s certainly about nothing more than lining pockets!

It’s crystal clear they aren’t sending cheque’s to Zolenski the money is going to US firms that might be on sending some weapons and related minus their cut.

It’s $29bn so far for Ukraine? Chicken feed compared to the inflation reduction robbery. Or the multi trillion dollar hole in the military books.

We’re so early!

The way I’m reading the speculation, you’ll be able to have as big a balance as you like, they are just proposing taxing earnings on balances over that amount at your full marginal rate.

So if you have a bunch of shares in your #smsf that pay a dividend you’ll be liable for ~50% tax on those dividends.

#bitcoin pays no dividend so no tax will be due. If you sell then obviously cap gains is due and they may force withdrawal of balances over $3m at retirement but show me a bitcoiner with $xm in self custody #bitcoin that doesn’t enjoy an afternoon on a boat.

And 70% of the carriages are reserved for a lucky few who get to decide how many more carriages are allowed and how much the seats cost. And also decide to change the engine mid journey, lock the carriage doors so you can’t get off until they reengineer it some more.

Sounds shit!

Tax receipts are plummeting too. Debt spiral in full swing.

That won’t even cover the spending deficit and interest bill.

I don’t think this will be too uncommon in future for those with #bitcoin in their #smsf

Even if they decide to tax earnings on balances over $3m it won’t benefit them if it’s all #bitcoin

Opt out, ‪buy #bitcoin and self custody!‬

https://twitter.com/adambspencer/status/1629097148724953088

You’re right it’s a bad habit, it’s not even funny anymore.

#TLDR cake…articles like this are BS.

Losing my job a month ago isn’t helping either! 🙄

Looks like the NFT muppets are not fucking trying anymore…