It's not about breaking the wallets. It's about litigious grifting. By making a claim on "dormant" bitcoin in the New York, the claimant, a Wyoming LLC, sets up two scenarios: 1. If Quantum "breaks" a wallet previously awarded, the Wyoming LLC will use their legal title to sue for possession/compensation (or be paid to go away). 2. Ahead of Quantum being a real threat, the Wyoming LLC can sell itself with the legal title to the bitcoin addresses as part of its book value.

UNGOVERNABLE • The Big Freeze | THE BITCOIN BRIEF 82 • Listen on Fountain

A bi-weekly news show informing you on the latest in Bitcoin, privacy and open source tech hosted by Ungovernables, Max and Q. AOBFTF with ZachQ eu...

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Ahem

Moving from one digital asset to another digital asset is always a taxable event, regardless of whether you are gaining or losing based on the trading pair directly. The key is the cost basis of the asset from which you move. Let's say you bought some bitcoin at $100,000 and sell any portion of that bitcoin for $110,000, then your cap gain would be based on the difference between the original cost basis and the value at sale. That example would be a gain; however, if you buy some bitcoin at $100,000 and sell at $60,000, then you have a capital loss, which can also be accounted for in your taxes.. Buying and selling is not just buying and selling into dollars; it's buying and selling into any other virtual currency or asset or for a service or for a Snickers and a Mountain Dew at the local corner store. That's why the de minimis tax argument and conversation is so important to some; others? Well, let's just say some people don't or won't do math. Not tax advice. Do your own research. If you're concerned about it then manage your UTXO and hire an accountant.

Fountain: Podcasts & Music

This Week in Bitcoin • 97: The New Operator • Listen on Fountain

Managing a Bitcoin node is changing. We dig into the tools and guard rails that let agents monitor, maintain, and interact with your stack without ...

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Hey @Oscar Merry Getting a Fountain error today Any ideas?

Have subscribed now... Not seeing the episode. What's up, Marty? https://fountain.fm/episode/3eELCGlKHBnHX3JbgSm4 View quoted note →

iykyk

we're being inundated yay sigh

question for you @npub1a2cw...w83a if you had a choice between banks participating directly in bitcoin and no banks (just organic growth) which option would you prefer and why?

after reading my profile some wonder why I'm even here. they say, what the hell? how's a bank compliance guy here? why? what does he want in our space? I'm the signal you've been waiting for.