pull down to refresh

41 sats \ 2 replies \ @dk 8 Jun \ on: Tax Hack - BTC vs. BTC borrowing bitcoin
check out https://lava.xyz
trust-minimized borrowing and lending of bitcoin. they’ve done a lot of difficult technical work to make this possible.
it’s geared toward borrowing USD stablecoins collateralized by bitcoin, but the tech could probably be repurposed if it helped another use-case
write
preview
21 sats \ 1 reply \ @nyan OP 8 Jun
Thank you, wasn’t aware of it! Will check it out. I think the BTC-BTC use case is simply just not that much on the radar atm since, without capital gains tax, it would make no sense at all ^^ taxes are really just distorting the market here a lot and which makes the otherwise irrational BTC-BTC case rational
reply
10 sats \ 0 replies \ @dk 8 Jun
a BTC-BTC loan as you described would appear to me to have some risk of being considered as a transaction purely for tax avoidance and may be disregarded
i’m not giving tax advice, just sharing my perspective/guess
reply