Damus
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ike
@ike
I actually have a #Bitcoin question that I think most of you can answer, so it's finally advantageous to be here being nostr dev updates.

If a person does recurring btc buys from a exchange, say every fucking day even, then also maybe adds here and there from gifts, zaps, etc. and then 50 years later cashes out, how tf would you calculate the cap gains based on how long you've had every little segment of money from a ton of sources? Does the currency (or rather the ledger location information?) itself hold all that historical buy/transfer date information and an app/wallet can just calculate all of in an automated way?
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ike · 70w
Btw this is just a technical question. I'm not a huge Bitcoin maxi so I'm not like advocating for using Bitcoin as just a eat to gain more fiat. I'm just curious on the tools to make calculating such a thing easy for a regular person.
ike · 70w
Also if you cash out just a little bit, is it always the oldest money you had that is converted fiat? If not how would you know how long it existed?
Julia de JP · 70w
The way I understand it (and please correct me if I'm wrong, everyone) is that you want to have your BTC in smaller parcels, and not on exchanges preferably. Also, send it around to yourself, using always a new generated address, which blurs your tracks. At some point in the future, the government m...
Joshua · 70w
I don't know if there's a tool to keep track of all the small buys. If you buy from a KYC onramp they should at least keep a record of your transactions and make it available at tax time. For zaps, etc. you would have to check the value at the time received and keep a record. Again, I don't know of ...