i heard Giacomo is 87 years old
I would have been more impressed if she had written "gm & stack sats."
💡
Say you have $100,000 you want to protect from inflation.
You buy an asset (Bitcoin, Gold, Real-estate).
In 5 years, your asset is worth $250,000.
You sell and must pay capital gains taxes on $150,000 (at 20% that would be $30,000 in tax).
But over those 5 years, the government printed 10% new money each year, which devalued your dollars by 37.9%.
That means they already taxed you on your wealth each year, so why are you also paying a "capital gain" on the sale?
So the calculation should be:
$250,000 - 37.9% depreciation - $100,000 initial investment
Your actual gain was only $93,150 after depreciation.
But you're being asked to pay 20% on the total $150,000 instead of on the actual inflation adjusted gains.
And even worse, the inflation numbers they publish are fake to make them seem better than reality actually is, so you can't even calculate an accurate depreciation over time (more accurate to use real estate prices to see depreciation rate).
I have switched out beef tallow for seed oil for my main cooking oil.
they will come when this network grows though to push their shitcoins
If everyone followed this advice, Nostr would be empty
make saving sexy again
Thank me later 🫡 
should rebrand to Strategy Coinbase 
they should become a bitcoin custody company
🚂... 
