Northwest Arkansas Bitcoin's avatar
Northwest Arkansas Bitcoin
NWABitcoin@BitcoinNostr.com
npub1wqpv...fvyy
Growing a bitcoin community in Northwest Arkansas. Send us a DM or email hello@nwabtc.org
"A thought experiment regarding the no-KYC ‘premium’ If you ever sell KYC bitcoin, depending on your jurisdiction, you will likely pay around 20% of your gain in Capital Gains Tax (or equivalent VAT/GST obligations). If you buy a 1 BTC at $10,000 and sell at $20,000, you are liable to pay around $2000 in taxes. If you bought that same 1 BTC with a 4% premium over the $10,000 spot price you would have paid $10,400 for the same amount of sats and the only person who knows you own them is your trade counterparty. You are still required to pay Capital Gains Tax (or equivalent), but it’s highly unlikely that your trade counterparty is subject to KYC information obligations."
"Never tell people what you can show them." -Agatha Christie via @Rod on "X" Check out your local meet up. If you are in #Arkansas, specifically the #Northwest region, we will be meeting this Thursday at @FossilCoveBrew at 6:30 pm and talking #bitcoin Look forward to meeting you!
This week was a #bitcoin hodlers Paradise. Start of the week dump for a flash sale and end of week pump for gains 🤝
Politicians say what you want to hear. Both sides of the aisle have a robust picture of what the you want to hear because the masses sign up for corporate surveillance apps which broker data at their leisure. Opt out with your money and choose #Bitcoin. Opt out with your data and use privacy and freedom focused tools like #NOSTR, #Tor and #VPNs. Opt out with your time and think on your own.
Tomorrow is going to rain all day, which gives you the perfect opportunity to do a #bitcoin or #nostr project. Maybe one of these 🤷‍♂️ - Research a node implementation - Maybe build and flash one - Consolidate UTXOs - Try a peer to peer exchange - Check out #NOSTR - Try a lightning wallet - Set up zaps The opportunities are endless!