@Michael Richline
Bitcoin advocate. - starting over on NOSTR
Relays (3)
- wss://nostr.mom/ – read & write
- wss://nos.lol/ – read & write
- wss://nostr.bitcoiner.social/ – read & write
Recent Notes
@walker says I missed the biggest announcement of 2026, I'm guessing it's @Lyn Alden's Sci-fi book? Otherwise I got nothing.
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I recently found out, there is a program called ROBS
"ROBS" stands for Rollovers as Business Startups, a financial strategy where you use funds from your existing retirement accounts (like a 401k or IRA) to invest in a new or existing business, typically by forming a C-corporation
You then issue stock from your newly created Corp and sell it to your 401k/IRA. You can use these funds that end up in the corporate bank account for "legitimate business expenses".
So say one has some Bitcoin sitting in an IRA at somewhere like Unchained. What's to stop that person from selling their BTC for cash and then moving that cash over to their newly created corporation through the ROBS process and turn around and start a Bitcoin Treasury for the company?
You end up funneling your Bitcoin tax and penalty free into your company.
Anyone see any holes in this idea?
Another note, I plan on spinning up a new company to purchase another company anyway. So there's no additional cost involved in this process except maybe the time to get it all setup properly.
@Ben Justman🍷
@Parker Lewis
@Michael Saylor
@nprofile1q...
"ROBS" stands for Rollovers as Business Startups, a financial strategy where you use funds from your existing retirement accounts (like a 401k or IRA) to invest in a new or existing business, typically by forming a C-corporation
You then issue stock from your newly created Corp and sell it to your 401k/IRA. You can use these funds that end up in the corporate bank account for "legitimate business expenses".
So say one has some Bitcoin sitting in an IRA at somewhere like Unchained. What's to stop that person from selling their BTC for cash and then moving that cash over to their newly created corporation through the ROBS process and turn around and start a Bitcoin Treasury for the company?
You end up funneling your Bitcoin tax and penalty free into your company.
Anyone see any holes in this idea?
Another note, I plan on spinning up a new company to purchase another company anyway. So there's no additional cost involved in this process except maybe the time to get it all setup properly.
@Ben Justman🍷
@Parker Lewis
@Michael Saylor
@nprofile1q...
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If you’re a business accepting bitcoin there are 18k Bitcoiners on Orange Pill App who wants to spend sats at your store.
Sign up here and let the sats flow ⚡️
https://www.orangepillapp.com/m...
How do I know you want my SATs, if I can't find you!?! Get on the app!
We visited a town in Idaho yesterday that was 98% LDS. Safe, clean and friendly people there. Had a dream last night the Morman church adopted Bitcoin as their standard for tithing. Maybe it could happen.
All churches should accept Bitcoin.
All churches should accept Bitcoin.
I haven't found anything and have been disappointed by businesses being closed down or not updated on those.
OPA probs the best eh?
Seems to be the one I have the best luck with
Headed up to Park City to hang out and have fun with the family. No Bitcoin businesses in site. ☹️
To truly opt out of this rotten system you need to be able to buy everything with Bitcoin.
We need more high quality Bitcoin producers
I regularly try and find Bitcoin businesses when traveling, but they are few and far between. Anything better than using btcmap or Orange Pill app to find them?
Just raw dogged a trip with my GFs family.
- No Raw Milk
- Seed Oils everywhere
- No Bitcoin Podcasts
Dang it must be serious!
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GFs family was impressed by the value of this Airbnb house doubling over the last decade.
I held my tongue
Hope she's willing to learn about Bitcoin, having a partner on the same page makes a world of difference.
Just listened to @Jeff Booth's latest interview on What Bitcoin Did and I had to check my thinking about my future plans. I still have one foot in the Fiat world, when I don't have to do that anymore. Why not completely exit and build something in and around Bitcoin?
It's so difficult to completely break away from our preconceived thought patterns.
It's so difficult to completely break away from our preconceived thought patterns.
I typically try and support Bitcoin businesses when I travel, I use the OrangePill app and btcmap.org to find them. But when the map looks like this... Are there better resources for finding Bitcoin businesses?
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