That's another aspect. Will Bitcoin cure inflation? Highly doubtful.(Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.)
-Dollar will be parallel. Bitcoin can allow it to float for longer.
-Trump WILL have a stablecoin to HELP AMERICANS…..This is you….
Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says
-Trump just merged with a Bitcoin miner.
-Bitcoin does not care if it’s not accepted it’s just code. If people don’t want it FAFO.
-People begin to learn once they figure out at minimum (2% inflation over 20 yrs their 401k/savings/pension is reduced by 1/3 of purchase power).
5% lose 60%
10% lose 85%
Drivers figure this out and work past 30 years closer to 59 1/2 to maintain income.
-You confuse CBDC with Bitcoin
-Definitely has logistics to work out such as scaling but I see VISA cards will help with that.
Trump will be the 1st Bitcoin President!!!!
- Thread starter Over70irregs
- Start date
assuming you have any money to save
Capital gains and losses.
The US does not currently have any de minimis exemptions, which means that if you buy a coffee with Bitcoin, they want to know what your original cost basis was, and how much you “made” on the transaction.
No one does report the transactions, but legally speaking, it’s currently tax fraud that they are practicing.
So for tax purposes it's property, not currency, and there doesn't need to be a conversion to cash at the point of sale for that to apply. I definitely wouldn't bother.
I promise it does apply.
In the eyes of the IRS, you are selling it for cash, then using the cash to make the purchase.
https://www.coinbase.com/en-gb/learn/crypto-basics/understanding-crypto-taxes#
Not arguing. Just reading it back to make sure I understand correctly.
Fair enough. It’s why I stopped using much crypto. I had a hell time one year doing taxes. I’m sure I committed tax fraud. Didn’t mean to.
It just makes it functionally unusable.
Seems we had a proponent of Tesla awhile.back who told us how Tesla was going.to completely take over the car market. Now we have @Over70irregs telling us how Bitcoin will be the be all end all of money and finance. It's the same level of fanaticism brought on by self interest(they're both heavily invested in their respective products). Hope it works out.for both of them but every time in history there was mass craze of some sort it usually ended badly for those who hung on too long.
Thebrownblob
Well-Known Member
Yep and that is on purpose
oldngray
nowhere special
Over70irregs
Bans = Control…. Moving on
Inflation I believe is its genesis. Think…..theft is one of the 10 commandments for a reason. Jesus turned tables in the synagogue because of it. Bitcoin is a digital voice saying stop.
Over70irregs
Bans = Control…. Moving on
Over70irregs
Bans = Control…. Moving on
Coping…
This means they built their infrastructure and out stacked you. Now they want to “hold/help” you. Notice the AI hair, smiling face, relaxed shirt with no tie. Majority man signal is high. Well done.
This means they built their infrastructure and out stacked you. Now they want to “hold/help” you. Notice the AI hair, smiling face, relaxed shirt with no tie. Majority man signal is high. Well done.
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Over70irregs
Bans = Control…. Moving on
You do know that the 
is going to RUN on ₿ in < a decade right?
is going to RUN on ₿ in < a decade right?
Over70irregs
Bans = Control…. Moving on
Under his leadership
TEXAS HAS BECOME THE THIRD STATE IN THE NATION TO PASS A ‘STRATEGIC BITCOIN RESERVE’ BILL OUT OF THE HOUSE AND SENATE.
TEXAS HAS BECOME THE THIRD STATE IN THE NATION TO PASS A ‘STRATEGIC BITCOIN RESERVE’ BILL OUT OF THE HOUSE AND SENATE.
Over70irregs
Bans = Control…. Moving on
Over70irregs
Bans = Control…. Moving on
₿ will become the worlds reserve currency and inevitably the worlds reserve asset.
How?
Over70irregs
Bans = Control…. Moving on
Countries will force it by default.
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