Well, in the "science" category here I got the second shot of moderna yesterday. In a nutshell:

Didn't hurt going in which was nice.
Felt sleepy an hour or two later, took a little nap.
Then up till midnight, went to bed.
Woke up at 4 with a slight sore throat and when I breathed in all the way it tickled. Odd. Went back to sleep.
Woke up at 10am feeling better, arm did ache when I was lying on it.
Went about the day in slow mode (not a lot going on) but I get tired easily so I have been napping.

That's it so far, no fever, spots, delerium, etc. I did just wake up from a dream about bitcoin and bears, here's about what it was like....



Will see how I am tomorrow.

This little video clip explains shitcoins perfectly.

https://i.imgur.com/4ANvLEV.mp4

Redheads?

Yeah, the goal of stimmy munny is to be spent all over the place. A similar problem happens with "tax cuts" except that munny isn't spent it's simply locked away in companies and bank vaults.

I used to watch M3 carefully, need to see what it's up to, or the replacement of it. M3 usually could show the true inflationary issues.

Still, I didn't think about the link between endless inflation and the disposable economy. Hm.

You know, my brain's wheels are turning right now with a thought:

"Is an inflationary money policy the driver behind the desire to endlessly consume?"

Really, I never thought about it in this direction. Thinking......

*huh*? Your fees pay to keep the coin running. Technically you can elect to pay no fees, but your transaction probably will never complete. So it's hardly voluntary if you want to use the service. It could be exactly like a "tax" in that if you don't pay your tax you don't get any of the benefits.

I think this is being stretched a bit too far here, how about if we just drop it and go back to bashing shitcoins, ok?

Indeed! In fact this extortion for services should be removed. The first place of course is the grocery store: People should be allowed to take what they wish and pay whatever they believe is "fair".

That's kind of where your argument is going and it's not a good place. But truth be told that sort of "voluntary cooperation" was requested of people in 2020 and oddly enough a significant number chose to be "free riders" with respect to using cloth masks. So it don't work.

End of line. :-)

That's a very different animal: Taxing bitcoin as property would be extremely bad, esp at a 48% rate per year. I don't think that is being proposed.


I think you do: If you move coins from an address to another then I thought it was a taxable event ("work" is being done, like those crazy Jewish sabbath rules). Maybe if it's not in your control, but if that's the case then the argument should be move coins around at will, tax when converted into fiat.



Agreed. This is something to work for. At that point it would be like a "tax free" 401k where you can move amounts around but are taxed on the ultimate withdrawls to fiat.

On amounts over 1m-whatever slave wage you get paid in life, correct?


That's a very good point: My buying a new nano or whatever and moving my coins to it shouldn't result in a 43% hit. That does need to be corrected and is a consequence of the whole IRS decision way back when that treats bitcoins like gold bars or something.

Medicare. Fair enough. State taxes are tricky: You used to be able to deduct them against Federal, but then Trump goat-fucked people with the SALT limit. If that's not repealed then yes this would suck big time (double tap tax). At the same time, one could move to a low tax state, but a lot of those seemed to be.... poor choices for COViD this time around. So it's an interesting mental exercise (how much additional does Bob need to take out for a moat filled with gasoline around his ranch? I don't know. Does that exceed the tax benefits of TX? Not sure)


I was assuming a sale price of 50k which is probably an average of what you would get this month. If you have 40 coins then the first 50% are taxed as above, the second 50% are taxed at the higher rate. That does suck, but it's still not bad. And you could avoid it by simply rolling the cost over 2 years (do the whole thing Dec 31/Jan 1.) If more than 2m at a shot is needed then you need to hire a professional.


CG is tricky. I've always found it annoying that my labor is taxed at a higher rate than luck+"incredible foresight to invest wisely" (when you come out ahead). Putting the two on a more even footing (they are all "work", some are physical, some are mental, some are a combo of both) always struck me as more fair, but your mileage may vary.

Overall though unless I decide to liquidate a massive stash (and why would anyone do that??? HODL for fucks sake) this is not going to affect me directly.

Well, hate to say it but if you only bought 20 bitcoins that's worth $1,000,000 today. Which means if you sell it all it's at the exact same tax rates (in the US) as it was last year. To the dime. The first 250k or so would be taxed at marginal rates up to 20% and the rest would be taxed at a straight 20%.

That's kind of life. So if we simplified the math you get a net profit of $799,750, your initial $250 investment back. I mean yeah I guess that sucks, but compare that to someone who ignored bitcoin and has $0 and none of their avoided investment lost and didnt pay those evil taxes (the freeloaders!)

Taxes are kind of a price to pay to live in a civilized society. In areas with low low tax rates and limited government they have other... issues and your protections against fraud and force are.... well less.

Plus this is per year. So I can pick up 3 Lambos a year at the same tax rates as last year. I could also buy a 20m house, and pay it off at a rate of 800k a year for 30 or so years without hitting an additional penalty. Granted a 30m house is kinda lame but you know if you need bigger than that then maybe you can bitch about the Biden tax.

So... meh?

That's a pretty stupid article: They have till November and my guess is it's an ass ton of paperwork. But let the Govt shut them down, I'm sure that will instantly drop the number of S. Koreans who want to hold Bitcoin to absolute zero. No, they won't get it elsewhere, their government knows so much better.

There will just be a bigger "won premium" as who would want a currency like the S. Korean Won.

$5 bucks says N. Korea will open a wall of bitcoin ATMs on the border in November  Just to fuck with them.

How is this different from the sludge in the US?

Toot toot!

Most probably yet another exit scam (heard Cryptopia turned out to be an exit scam as well), but it's also possible the owner is in a Turkish prison right now having his testicles clapped by a monkey with cymbals.

Three things my grandfather told me:
1) Never buy meat from a truck
2) A Turkish prison is not a good place to be
3) HODL

It's still a good bit of money. Granted it's easy to have one's lifestyle "adjust" to where a million a year is "pin money" but at that point you have other issues to deal with.

In terms of Govt spending, well we did get one hell of a 20+ year fake "war" for our $$$ and I am impressed so far with my COVID shots....

Keep it in perspective.....

Ok, but question: Does this do anything for you tax-wise? For example if you bought at 60 and sold at 60k then you owe 20% CGT on 59,940. You pay that when you shift into the altcoin. If you buy BTC back at 60k 30 days later then you still have to pay CGT again if you sell it in the future, but at (future price-60,000) which means the tax hit is the same.

Only reason might be because CGT is taxed at your current rate up to 20%, so if your sale+what you make as a wage slave is under 200k or so you pay less taxes as you're in a lower tax bracket than 20%.

Well, it's always on "profits" (appreciated value), correct? For example if you buy 1btc at $60 and sell it at $60,000 your CG taxes are computed based on $59,940 and NOT $60,000.

I think this is just more weak hands panic. Fortunately one can profit off the stupidity of others and each time it happens there are fewer dingalings holding bitcoins.