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in response to his second comment, I need to flag again.
Absolutely no proof/backup/support for your claims and then quickly changing the topic. To say that there are only 12 active users on Patnet is yet another thing that is highly doubtful.
If I bought Bitcoin years ago, have been storing it my hardware wallet, and then pay for a Tesla with it....how would the gov't ever track my capital gains since I'm not selling that Bitcoin for cash on an exchange?
If I bought Bitcoin years ago, have been storing it my hardware wallet, and then pay for a Tesla with it....how would the gov't ever track my capital gains since I'm not selling that Bitcoin for cash on an exchange?
porkchopexpress saysIf I bought Bitcoin years ago, have been storing it my hardware wallet, and then pay for a Tesla with it....how would the gov't ever track my capital gains since I'm not selling that Bitcoin for cash on an exchange?
great question. Could there be regulations that require Tesla to report the crypto purchases/names of buyers?! I dont see how the Gov't can track your Bitcoin purchases if there is no exchange involved other than the seller reporting it.
So no, you cannot buy a car outright with tax free gains via BTC.
The answer is, the seller has probably the obligation to report purchases via Bitcoin.
The question was, how can the gov't track it if the transaction is not facilitated through an exchange (which are obligated to report users and holdings/transactions (KYC regulations etc)
Yes, that's what was said and what happens
yep, I fucking killed it....18x in less than a year!
Bitcoin saysyep, I fucking killed it....18x in less than a year!
Currencies that trade like OTC Biotechs! Safe store of value - money of the future!
I think that no matter what the underlying currency, it's always possible to "print" more of it by making more loans.
Even with gold, there were massive credit cycles.
If I promise to pay you an ounce of gold I do not have, and you accept that promise, in effect we have created more money right there.
Tesla continues to HODL Bitcoin. Here is Musk's tweet. It also sounds like Tesla could be entering the Bitcoin mining business:
Thank you Tesla!
Musk conveniently left out what he did with his personal holdings of Bitcoin. Did he sell all of it? Did he go short?
Put him on the spot. I bey he personally made a ton on the pump and dump.
Shows a weakening dollar due to inflation.
The wage inflation is caused by the fools continuing to pay unemployment benefits.
https://www.youtube.com/watch?v=nQSFs-PFipE
Looks fake / scammy.
https://www.theblockcrypto.com/post/112158/elon-musk-says-spacex-owns-bitcoin-and-he-owns-ethereum-in-jack-dorsey-talk
hahaha
"Elon Musk says SpaceX owns Bitcoin and he owns Ethereum in Jack Dorsey talk"
"Elon Musk confirmed both Tesla and SpaceX own Bitcoin during his discussion with Twitter CEO Jack Dorsey and ARK Invest CEO Cathie Wood today."
"In his opening remarks at The B Word panel, Musk said he is ultimately a supporter of Bitcoin and cryptocurrencies despite his skepticism towards proof of work concepts. He said the only public stock he owns is Tesla, but the only "three meaningful assets" he owns outside of company stock is bitcoin, ether and dogecoin, and that he owns "much more bitcoin than ether or doge.""
poison for the Bitcoin haters :)
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https://finance.yahoo.com/news/tesla-buys-billion-worth-of-bitcoin-133029552.html