91–100 of 227 posts
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I am not curious. One could be buying up through bred horses or $$$ paintings to avoid tax. I much prefer this kind of financial maneuvering to avoid paying tax. Well done.
How would you avoid tax by buying horses or paintings?
I'm curious - is this making charitable donations in lieu of taxes on the gains?
you can donate appreciated assets to registered charities and this does allow you to avoid the capital tax AND also get a charitable tax deduction
(I am not your tax advisor. Please don't take tax advice from random internet people.)
It's hard to sell large amounts of bitcoin. Most banks, when they see an incoming wire transfer for $10M marked "bitcoin" will run a mile and close down your account. Hopefully by 'donating' it to these charities, who will probably choose to sell slowly over time or hold it, that alleviates the problem.
Though my bank did invest in Coinbase so they are probably pretty ahead of the times.
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I didn't learn how to type on a typewriter, but it was still considered proper formatting to use two spaces after a period when I went to school, and I used two spaces after a period for a really long time on the internet. I finally got out of the habit awhile back.
Likewise. Learned 'typing' in 2nd grade in '95 alongside logo programming.
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Supply and demand. If you want mining to reduce emissions, increase the cost of energy. Bitcoin will remain unaffected. Don't blame bitcoin because of the cost of energy. Blame the energy producers for selling it to miners at that price.
Why not blame both?
It'd be nice if some of the money were used to make it easier for charities to convert to cash as quickly as possible. Bitcoin pointlessly consumes so much dirty energy, I imagine many environmental charities see bitcoin akin to blood money.
This meme needs to die. Keeping the lights on tens of thousands of banks and keeping hundred of thousands of servers running transaction processing cost a lot of electricity too. Efforts are underway to get rid of dirty energy because the costs of renewable and battery storage are so much cheaper that this is a non-issue.
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Watsi cofounder here. I can confirm this is true. We're very grateful for the support, it's going to help a lot of people.
Ok. Please tell the world how you scam people with fees and eat up charity donation being a middleman.
A friend of mine who works in philanthropy educated me against my misconception that charities that spend a higher portion of their funds on non program fees (i.e. middleman type expenses, and not direct to the person who receives the benefits) are actually often more effective, rather than less.
I'm not an expert here, but this friend of mine is particularly thoughtful, so I'd say it's worth at least evaluating your position before you critique people like this.
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That's always why I have a good laugh when someone comes out claiming to be Satoshi when they end their sentences with only a single space after a period. If you wanted to come out as Bitcoin's creator, you'd have used 2 spaces...
I think that just shows the age of the person. I learned how to type correctly on a typewriter, and that is the way that we learned. It means, for me, that SN, like me, was educated in the 70's and 80's, and formally learned how to type. Disclosure : Am not satoshi.