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Ape Mithrandir
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Bitcoin | Bisq | Sparrow | Self-Hosting | https://github.com/apemithrandir/self-hosting-guide
Replying to Avatar ODELL

Many people at my meetups never heard of ODELL

Replying to Avatar j'ai les clés

🚨IRS Rev. Proc 2024-28 🚨

Are you all aware of this?

https://www.cryptobullseye.zone/blog/don-t-get-tax-rekt-sail-your-crypto-ship-into-irs-safe-harbor

Andreas Antonopoulos just provided some helpful information for his Patreon supporters. Action must be taken before 12/31. So, we have 2 weeks to comply.

If you’re just a #bitcoin hodler and not using metamask or doing degen things like staking or holding fringe assets, it is less complicated. But, still, steps need to be taken for Safe Harbor.

If you do nothing, or ignore this, it will be a major tax issue beginning 01/01/2025 and beyond.

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please repost or otherwise boost this issue for visibility. It effects all US residents.

#DontRiskItBisqIt

Module 4 of this course from Watchman Privacy. The course is $130 but worth it if you are a privacy novice.

https://escapethetechnocracy.com/product/course-foundation/

You always have a counterparty.

With self-custody you become the counterparty 😁

For most boomers that is worse than Charles Schwab. Just check the Sparrow Telegram Support group and assess the risk of losing coins in self-custody.

Self-custody is always better for ideological reasons (starve the beast) but isn't always a lower risk of losing your coins, e.g. doesn't even know what seed words are.

0.12% per year would mean 1% diff every 8 years.

SPY has been able to keep it's price within a few % of 1/10 of SPX for +20 years and they even have the handling of dividends to manage for the difference.

Every 10 years you can do a small stock split to rebalance if needed.

The management fees actually had decent competition. IBIT wanted to charge much more but were forced through competition to come in at 0.12%. Which for small to medium holders is much cheaper than an unchained or casa assisted custody plan. Other ETFs came in with even lower fees I believe.

If you buy with KYC and never spend your Bitcoin, are you really any different from someone buying the ETF? You certainly don't have freedom money.

#DontRiskItBisqIt

They should have made IBIT be 1/100 or 1/1000 of the BTC price.

For SPY they make it be roughly 1/10 of the S&P price.

It is a book about languages, mostly concentrating on European languages. Trying to link and contrast them. It also offers up some key vocabulary lists, to assist in getting a basic understanding of the European languages. The book is a bit dated but I often enjoy reading older books, so long as you appreciate there may be errors in it.

The IBIT ETF has nearly $50bn worth of BTC now. The $4.2bn was just a number for recent inflows.

Another excellent discussion on an important topic

Watchman Privacy: 144 - Torchlight - Trusted Computing // Untrusted Users

Episode webpage: https://watchmanprivacy.com/2024/12/13/144-torchlight-trusted-computing-untrusted-users/

Media file: https://traffic.libsyn.com/secure/watchmanprivacy/144_Torchlight_Trusted_Computing_Untrusted_Users.mp3