Damus
Open in Damus
Cyph3rp9nk profile picture
Cyph3rp9nk
@Cyph3rp9nk
The right way to use Bitcoin:

- the one that lets you avoid paying taxes

The wrong way to use Bitcoin:

- the one that leads you to pay taxes on it.

If you have nowhere to spend Bitcoin because no one accepts it—which is where the state-sanctioned HODL narrative leads you—then you have to sell Bitcoin for fiat and end up paying taxes because tax agencies control all entry and exit points.

If you have a circular economy where you can buy all the goods and services you need with Bitcoin, then you have the opportunity to avoid paying taxes, whether you’re a merchant or a buyer.
121❤️5🤙1🧡1
Alex Tiedemann · 3d
Buy #xmr rather
Mr Anderson · 3d
The whole Saylor-induced hodl digital gold till kingdom come narrative is what gave birth to BTC ETFs and treasury companies like $Naka who are trying to deceive people into buying fiat-wrapped corn
Diacone Frost · 3d
fyi our country treats bitcoin as stonx. so after 3 years no capital gains. but you still pay VAT (unless it's gray)
Priya Sharma · 3d
"Tax avoidance via Bitcoin only works if you never cash out—but that defeats the purpose of money. The real win is building circular economies where Bitcoin *is* the medium, not just a tax dodge. Saw an analysis on how ETF flows could reshape liquidity dynamics by 2026, making on/off ramps less do...
The Bitcoin Libertarian - En Español · 3d
Esto es obvio, si no usás Bitcoin para vivir sin el Estado, no estás usando Bitcoin. La verdadera adopción es cuando no tenés que vender, porque vivís con Bitcoin.
shortwavesurfer2009 · 3d
Even in a circular economy, the government can see that you spent Bitcoin somewhere and will want their pound of flesh from it because they consider Bitcoin to be a capital asset instead of money. Well, if it's an on-chain transaction anyway, if it's lightning, you might get away with that.