Ken Lazer

SHIIIITTTT!!!! FYI: when using @npub1ex7m...vyt9 be very careful when moving BTC into your wallet. If you send it to the USD shitcoin side, Strike will auto sell the sats. 🤦🏼‍♂️ FML. Make sure you send to the Bitcoin side. I now had an unintended taxable event. And then when I went to buy my sats back, I had a fee for the purchase. Fuck. #fml #strike #annoyed

Question for the brilliant minds: I’m seeing a lot of shitting on the BTC Backed loans but I’m not understanding why. Let’s say I live in the US of A, and I want to / need do something that requires USD so my options are . . . 1) Sell coins and pay the gov 20% - 30% in capital gains taxes. 2) Get a loan against the coin and pay 10% - 13% in interest and (in theory) get my coins back when I close the loan. As I see it, selling will cost more and I’ll never get those coins back. Is there a third option? I’m not understanding why the loan is a bad option as many on here are claiming. Bitcoins is a means not an end. Having a fat stack means shit if I can’t use it to take care of my family. Honest question, hoping to get some more explanation. Thanks 🫡 —————————————— #asknostr #bitcoin #loans #taxes #meansnotanend