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311 sats \ 15 replies \ @siggy47 30 Apr \ on: SN's wallet plans meta
If things aren't going well after the changes, might I suggest stackers set up a Geyser fund to relocate the whole SN brain trust to a more welcoming locale: https://99bitcoins.com/bitcoin-friendly-countries/
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103 sats \ 0 replies \ @elvismercury 1 May
Useful info, but I always find these things lacking in adversarial mindset.
Comparable thing: I have a friend who's all-in on Puerto Rico. Stay there x years, pay no tax, blah blah. He's not even into btc, this is all normie finance, and he always looks at me like I'm an idiot.
Which is possible. More likely, in my opinion, is that when the shit hits the fan, PR suddenly stops having such favorable policies. How will it behave when the US decides it should behave differently? That's the real question.
Real 'sovereignty' is more than what a piece of paper happens to say, at this point in time.
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75 sats \ 0 replies \ @cryotosensei 30 Apr
I’m surprised to learn that Singapore has the third highest per capita income in the world. I sure don’t feel rich! Haha
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64 sats \ 7 replies \ @k00b OP 30 Apr
One alternative is geofencing SN off the US I guess. :)
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153 sats \ 0 replies \ @sudocarlos 30 Apr
Do it. Everyone probably knows how to use VPN, right? RIGHT?!
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119 sats \ 5 replies \ @DarthCoin 30 Apr
As I said many times: US will be the last place on earth that will really adopt bitcoin.
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10 sats \ 4 replies \ @jeff 1 May
Nah, my money is on France, Canada or the UK to be last. The US is motivated by money. They'll come around. Those other places, are just not serious.
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10 sats \ 3 replies \ @kristapsk 1 May
USA already have more legal restrictions on plebs on Bitcoin use than any EU country or Canada. AFAIK, non-KYC BTC vs cash trades are forbidden, etc.
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42 sats \ 0 replies \ @k00b OP 1 May
The US has the most to lose if bitcoin wins. Our empire depends on the dollar continuing its reign.
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21 sats \ 1 reply \ @jeff 1 May freebie
Forbidden? Really? You can't sell BTC p2p you've mined for USD?
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52 sats \ 0 replies \ @kristapsk 1 May freebie
You can if you do KYC, ask other person to show passport. You are not allowed to trade with anon. At least I remember some criminal cases around this years ago.
Of course, I'm pretty sure people are doing non-KYC trades anyway.
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54 sats \ 4 replies \ @ek 30 Apr
lol, I almost spat out my water when I read the list
Germany is on 12th place?! I did not expect that.
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1 sat \ 3 replies \ @billiam 30 Apr
Yes, I spend my 2023 aquired BTC now with peace of mind tax free as no captial gain tax after 1 year hodling. Within the first year, since 2024, 1000€ are tax free which is awesome as well.
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31 sats \ 2 replies \ @siggy47 1 May
I hate to have to say this, but if you are referring to US tax rules, after one year you get capital gains treatment. You owe taxes. It's just at a lower rate. If you sell less than one year after you buy, it is taxed at ordinary income rates, which is much higher.
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54 sats \ 1 reply \ @ek 1 May
He's referring to Germany tax rules
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22 sats \ 0 replies \ @siggy47 1 May
Ah. I'm packing my bags. And you mock your homeland?
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