Alp on Nostr: Didn't I say it from day one? Selfishly hodling brings nothing, except attracting the ...

Didn't I say it from day one? Selfishly hodling brings nothing, except attracting the attention of state regulators to us. It looks like the time window for building a circular BTC economy is getting smaller and smaller.

Using Bitcoin only as a SoV: get the s*** taxed out of it.
Use it as a MoE: See new possibilities open up.

quoting nevent1q…4pvp

This is the current situation.

- You buy something with Bitcoin:

In most countries you have to pay vat and in addition capital gains between the difference of buying and selling Bitcoin if you have made a profit.

This is an approximate 20% + 20% (of the profit) (It depends on each country).

- You sell Bitcoin:

You pay between 20% and 30% of the profit (Depending on country).

You have a lot of Bitcoin:

In some countries you will pay wealth tax.

You have a lot of unrealized gains:

In many countries they are trying to apply this, soon we will have the first country to do so.

If you have bought bitcoin with KYC you are screwed, the exchanges will end up passing all the data to the states and their respective tax offices.

If you have non-kyc bitcoin you can only use it to buy a soda, if you use it to buy a car or a house they will accuse you of money laundering, drug trafficking or whatever they want.

And you think bitcoiners have won? You can go to a country that has more lax tax regulations but tax havens are becoming increasingly difficult.

You have to try to make Bitcoin legal tender, and to do this you have to use your Bitcoin, and you have to accept Bitcoin as payment, only by creating a large black market where you do not have to pay taxes you can bend the state, otherwise your Bitcoin will only enrich the state.

During all these years the HODL strategy has been totally wrong, while we have carried out HODL the states have encircled us.

We came here for freedom.