I think many of these people are bad actors trying to limit censorship resistance. They’ll tell you we *need* stuff like moderation or deletion for mass adoption.
“What if someone posts illegal notes 😨”
But they fail to tell you that with laws like the dmca, anything can be ”illegal” so long as a powerful person wants it.
get your hormone and vitamin levels checked, sounds like something might be off
That’s one reason why getting some significant portion of your calories from simple sugars in fruits or honey is a good idea. Easier on the digestive system.
I think the question itself is a bit insane, but here you go:
- all the bitcoin you own has a weighted average acquisition price. By getting more bitcoin, you adjust the price by current market price.
- getting payment is income, so you account for income at the current fiat value (it is unrelated to capital gains tax, you tax income and later if you sell the btc also capital gains)
- selling btc you calculate from the weighted average. That does not change the weighted average but can create a tax liability.
Better way if you want to be compliant: never ever sell your btc. Use it as a collateral for a loan. Not selling - no capital gains (although you still have to deal with income). This way you keep your maximal long position on btc, you are shorting fiat (that's an additional upside if its purchasing power decreases faster for you - CPI is irrelevant - than the interest rate).
How to do it: book with this and other tricks for crypto life: https://hackyourself.io/product/cryptocurrencies-hack-your-way-to-a-better-life/
Course specifically for collateralized loans: https://hackyourself.io/product/how-to-harness-the-value-of-bitcoin-without-having-to-sell-it-ebook-mini-course/
This is something many of us do, not only for tax benefits, but it's just a better lifestyle, you are riding the decrease of fiat purchasing power and bitcoin as hard money (and thus great collateral) at the same time. Enjoy !
This is not what I was asking about
great minds..
Love it. Just run the testnet and play with it a bit, you will too.
umbrel ai gf
Very interesting, thank you
How would it work on lightning or a custodial wallet though?
I was referring to the common belief “space is fake and ….”, but maybe that’s not what you were expressing
Better to buy p2p. You also get the side benefit of helping put a fellow bitcoiner who needs some fiat to buy groceries or whatever
Careful with those vegan substitute sausages. They’re often loaded with trash vegetable oils.
For real though? I’ve seen all the webms of obviously staged iss footage but it still seems too wild to believe.
Or is the idea more for you to display an indomitable spirit of independent thought in the face of so much authority?
bruh, Toronto is about to get gross too. we have maybe two more weeks before it gets bad :(
