No matter how new to bitcoin you are or how OG you are.
Whether you’re billionaire class or working class.
Everyone gets bitcoin today at the same price.
That is not how fiat, private equity, and publicly traded securities work.
Personally, I like a quick summation to then go to a better client for reading longer form content.
Twitter-like clients are designed for comments and conversations and that’s what mode my brain is in.
Yes, hypothetically I guess one could make the claim that they no longer own those sats in some future tax court.
However, it’s not some silver bullet that thwarts the state from making bunk claims with misinterpreted Chainalysis data (see Hamas crypto funding debacle.)
And as it currently stands, the low hanging fruit from a tax standpoint is legacy on and off ramps, not P2P transactions, where things like the satscard sits or opendime sit.
Just some thoughts.
Before this people gifted/exchanged paper wallets and there were also Casascius coins. Those things come to mind that I believe also fit this criteria.
Right, if you’re using the value/gains of an investment to do something else, great have fun with that.
If you sell a million dollars worth of corn, congratulations. Now what’s the plan? Because you’re now the proud owner of a highly depreciating currency that needs to be put somewhere so it doesn’t melt on you, oh and it was already in the hardest money ever discovered.
Kinda crazy to get zapped the hardest money in the history of the civilization for posting a note stating the obvious, but here we are, and it’s working. 💜
Notes by CitizenPleb | export