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This is what Bitcoin has become. Michael Saylor's actions, and statements just prove that he's a Fiat Maxi using Bitcoin as his grift. Anyone who's a loyal follower of Michael Saylor is a Fiat Maxi also. We need to Reclaim The Bitcoin Culture.
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I once tried to buy a Fold hat with bitcoin, but they only accepted credit cards. They said they wanted to encourage people to save bitcoin and spend fiat. I underastand the market prefers this, and I still bought the hat, but are they taking bitcoin payments yet?
Out of all the arguments I’ve seen for and against strategy, this might be the most telling. If I’m going to preach something to my peers and colleagues, I’d better be leading by example. Credibility is everything.
LOL, seems more about buying a scarce asset than actually using bitcoin is the impression I've had for the last year or two from Saylor and crew. They don't want to accept it in real time for goods, well, seems short sighted to me, but not surprising. Just my 2 sats
Years ago, when people were discussing 100k bitcoin the thought was that every merchant in the world would be accepting bitcoin by then. We are north of 100k and there are not that many more vendors. Bitcoin is for property exchange not trinket sales.
I plan to never sell any of my bitcoin. Certainly not trading it for a hat, coffee, or a steak sandwich. If they remove the taxes on it, then I’ll convert my monthly spending money into btc and spend that. At that point I am sure you can buy the hat with btc anyway. Lame as it may be, Jeff is right, for now.
we different kind of bitcoiners mate we new of silk rd and saw it did you? nope you were selling insurance or at Uni you frap boy Walton you such a dick bro some of us are here for the revolution you obviously have no philosophy just number go up True Nth is a bunch of frap boys fapping each other of you homo
Dilema... But we used to say, "Spend a Bitcoin, Buy a Bitcoin" I prefer to always pay in Bitcoin when I can, and simply buy the same amount. Everyone please should do this. and if you are a merchant, please offer a discount when using Bitcoin. Any amount, 1%, 5%, 0.5%, would be a nice touch.
Saylor is on record of saying, "Never, ever, sell your Bitcoin." If I get paid in Fiat ... why spend 1% to convert it to Bitcoin .. and then incur Capital Gains taxes and an accounting nightmare? So, they have a point in a way. Need that "de-minimus" rule and even still .... my Bitcoin is growing at 30% CAGR .... why spend it when my fiat is shrinking hourly ? Not everybody is a Bitcoin influensoor.
↩ replying to btconboard #LNHANCE or #CTV
Nobody is talking about saving in Fiat ... the whole post is about spending. It's about your spending account. Spending accounts are for spending and my gets drained every month. Savings is different. Savings involves that money that you do not spend. When your income is > spending .... you wind up with savings. There's no grocery store, mortgage company, utility provider, gas station, hardware store or insurance company that takes Bitcoin within 1000 miles of me. (northeast part of the USA). As far as spending .... Bitcoin is a nothing burger until retailers get set up on the Lightening Network. As far as savings, wholly different matter. Are you gender fluid? Do you not see the distinct nature of two different items? Lemme guess ... your node is Core V30.
For people who failed fifth grade math, @Maple AI has your back on this one. TLDR: Final Answer Given the assumptions (BTC growth 30–50%, 25% tax, 1% buy/sell fee, dollar inflation 5%), holding Bitcoin yields significantly more after one year: Lower end (30% growth): $120.31 Upper end (50% growth): $134.56 Holding dollars: $95 (purchasing power) So based on the math, Bitcoin is better under these specific assumptions. Full text: Alright, let’s break this down step-by-step and compare the two scenarios over a one-year period. --- **1. Define the problem** We’re comparing: - **Bitcoin (BTC)** - Expected annual growth: 30–50% (I’ll calculate a range) - Short-term capital gains tax: 25% (applied to the gain only when sold) - Transaction fee to buy/sell: 1% of transaction value (so total round trip cost = ~2% of principal if we buy then sell after a year) - **Dollars (USD)** - Inflation: 5% loss in purchasing power per year (no tax on holding cash) - No transaction fees Initial savings: Let’s take **$100** for easy calculation. --- **2. Bitcoin case** Start with $100. **Step 1 – Buy BTC** Pay 1% transaction fee: Amount actually invested in Bitcoin = \( 100 \times (1 - 0.01) = 99 \) dollars worth of BTC. **Step 2 – BTC grows over 1 year** Growth rate scenarios: - **Lower end (30% growth)** Value after growth = \( 99 \times 1.30 = 128.70 \) - **Upper end (50% growth)** Value after growth = \( 99 \times 1.50 = 148.50 \) **Step 3 – Sell BTC** Pay 1% transaction fee on final amount: Post-fee value = Value after growth \( \times (1 - 0.01) \) Lower: \( 128.70 \times 0.99 = 127.413 \) Upper: \( 148.50 \times 0.99 = 146.415 \) **Step 4 – Pay capital gains tax** Capital gain = Final after-sale-fee amount minus initial $100 basis? Wait — careful: Actually, capital gain = sale proceeds before tax minus cost basis. But cost basis = $99 (what we paid for BTC after the buy fee). Sale proceeds before tax but after selling fee: we already computed above (127.413 and 146.415). So gain = Post-sale-fee amount − cost basis. Lower: \( 127.413 - 99 = 28.413 \) gain Upper: \( 146.415 - 99 = 47.415 \) gain Tax = 25% of gain: Lower: \( 0.25 \times 28.413 \approx 7.10325 \) Upper: \( 0.25 \times 47.415 \approx 11.85375 \) After tax = Post-sale-fee amount − tax Lower: \( 127.413 - 7.10325 = 120.30975 \) Upper: \( 146.415 - 11.85375 = 134.56125 \) So final after-tax amount in dollars: - **BTC 30% growth case → ≈ $120.31** - **BTC 50% growth case → ≈ $134.56** --- **3. Dollar case** Start with $100. Inflation 5%: purchasing power after 1 year = \( 100 \times (1 - 0.05) = 95 \) in today’s dollars. No tax, no fees. Final purchasing power = **$95**. --- **4. Compare** BTC (30% growth): $120.31 vs USD: $95 → BTC better by $25.31 BTC (50% growth): $134.56 vs USD: $95 → BTC better by $39.56 Even in the lower growth scenario (30%), Bitcoin yields more after taxes and fees. --- **5. Check if BTC could be worse** We can solve for the break-even BTC growth rate: Let r = growth rate before fees. After buy fee: invest \( 99 \) After growth: \( 99(1+r) \) After sell fee: \( 99(1+r) \times 0.99 \) Gain = \( 99(1+r)\times 0.99 - 99 \) Tax = 0.25 × gain After tax = \( 99(1+r)\times 0.99 - 0.25[99(1+r)\times 0.99 - 99] \) We want this = $95 (dollar case after inflation). Let \( A = 99(1+r)\times 0.99 = 98.01(1+r) \) After tax = \( A - 0.25(A - 99) = 0.75A + 24.75 \) Set equal to 95: \( 0.75 \times 98.01(1+r) + 24.75 = 95 \) \( 73.5075(1+r) + 24.75 = 95 \) \( 73.5075(1+r) = 70.25 \) \( 1+r = 70.25 / 73.5075 \approx 0.9556 \) \( r \approx -0.0444 \) So if Bitcoin **decreases** about 4.44% per year, it breaks even with holding dollars (which lose 5% purchasing power). Any positive return >0% in BTC before fees likely beats USD given these assumptions. --- **Final Answer** Given the assumptions (BTC growth 30–50%, 25% tax, 1% buy/sell fee, dollar inflation 5%), **holding Bitcoin yields significantly more** after one year: - Lower end (30% growth): $120.31 - Upper end (50% growth): $134.56 - Holding dollars: $95 (purchasing power) So based on the math, Bitcoin is better under these specific assumptions. \[ \boxed{Bitcoin} \] View quoted note →