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43 sats \ 2 replies \ @OgFOMK 4 Nov \ on: Is Anyone Thinking About Maintaining A Separate Cowboy Credit Account? meta
I'm reading this and the comments and I'm thinking that this is a mess.
I spent almost a year shitcoining, playing with yield, staking, and other time wasting. I understand the cc but I thought that was long as I can zap and receive I don't have to deal with the cc. I thought the cc was for those who could not self custody.
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I thought that too, but it's not really possible since what happens when a self custody zapper zaps an SN wallet user?
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Well... I used to work for Best Buy and sometimes I would win an item for some reason or another. When my paychecks came out I would see that I was taxed on those winnings...
So, if there is an exchange rate or substitution then cc is a shitcoin and it will be a taxable item.
Sats should not be because Bitcoin isn't money or is it. It's so stupid the whole argument.
Today when I was listen to this #752851 I heard a very good response of wisdom from the Hare Krishna Maharaj. He said, "Marxism ruins everything. Now we live in a country where it's easier to get government aid than it is to own a business. Without a strong merchant class there is no future for a country."
There are so many programs to extend and milk the value of Fiat. Reward points, and my credit union sells gift certificates for Fiat with percentage kick backs in cash. So many circumnavigate programs and yet in 2020 the removed fractional reserve banking and just let the qualified financial institutions lend based on nothing.
Texas needs to step up it's game and just allow Bitcoin not to be taxed. It's so stupid and it's hurting people who need to be able to earn side gigs.
Again, why is harder to have a business than to get government ade? Marxism.
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