Thanks 😊

I'm going to choose privacy and outHODL the IRS on this one. I don't plan on ever selling my bitcoin, and there will be no need to calculate capital gains on Bitcoin when the world is on a Bitcoin standard.

nostr:nprofile1qqsggcc8dz9qnmq399n7kp2yu79fazxy3ag8ztpea4y3lu4klgqe46qpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqgdwaehxw309ahx7uewd3hkca39tdd Can you provide the links on Nostr?

if the IRS is gonna make you do this accounting in the future anyways, why doxx your holdings today? id rather do nothing, maintain privacy, and hodl harder. selling BTC for fiat dollars is counter productive. I'll take a debifi loan before selling back into Fiat. as always, thank you Matthew!

just be super careful you're not taking digital picture of shit you don't want shared. Pictures taken on your phone get uploadedy to the cloud. Seems trivial these days for goog or appl to scour your photos with AI. Cloud breaches would also doxx you to everyone. Even if you use those timestamp...

Haven't watched yet, but what if we just ignore all of this garbage from the IRS?

Matt, serious question: Were you dropped on your head as a baby ?

Thanks for the info.

JW Weatherman’s response to this video: It’s so sad you are promoting this FUD. Taxpayers are still allowed to use specific lots accounting. This means they can arbitrarily pick any purchased bitcoin as their sold bitcoin retroactivity at the end of the year. Your 1099B should be accurate on...

I do not understand why anyone would follow this terrible advice. Fuck the IRS.

You can tell the IRS that they can go fffffffuuuuuck themselves

Is there a chance we could get a video on what the actual process of allocating cost basis to different wallets looks like in the transition from universal accounting to wallet-to-wallet accounting? I'm specifically interested in how the Global Allocation of HIFO would look in practice, and whether...