You will need to pay taxes as you are required to mention this in your tax form.
Otherwise it's just tax fraud.
I would put 20-30k aside to be save.
15 karma · joined May 12, 2022
Otherwise it's just tax fraud.
I would put 20-30k aside to be save.
Bitcoin is not the solution it's part of this problem because it's decoupled from that market.
It pushes into a market which is bound by different rules.
We are in such a bad place from a co2 point of view, if my examples don't work, we need to incentive to find better things.
Bitcoin is not better. It probably still consumes more wasted than just keep burning it.
After all the mining itself needs cooling (ac), Asics miners and local infrastructure (a gas engine)
Therefore it's not my place to break sanctions my country opposes onto another.
Google gave us Google maps, android and plenty of other things before anyone else.
Apple makes high quality luxury hardware and that's it.
Google tries to save the world (android, maps, secure by default, 24x7 renewable...). Of course overstating a little bit as google is still just a company who earns money
While I'm not an expert in Afghanistan politics, I follow the Russian war and don't think we should support them by providing bitcoins
Instead of putting a Powerline there or building a smelter or something else, Bitcoin is easier and makes more money quicker.
This is not a good thing right now this is still bad. And as soon as you have Bitcoin mining there, no one wants to underutilize it because it is inefficient. Now your miner is motivated to run even more and get more money
Do you really believe a Bitcoin miner would accept being shut down for most of the day? Nope.
Bitcoin would still compete for other things which are much more critical toost people on our planet.
Things like a storage battery. Or melting aluminum or other ors.
No one.
Don't use a strawman argument.
And independent of this issue: there are of course things which are objectively better for that person in Afghanistan and objectively better for everyone.
Your poor Afghanistan person might like to have less heat waves than Bitcoin because he might not have enough money anyway to save it away as Bitcoin.
Normally those countries use dollar or euro anyway. It's much easier for them than being able to remember a Bitcoin wallet
Especially the co2 concentration in our air, wild fires, droughts etc.
I'm looking forward to burning less resources for just hashes.
I'm also getting tired of having the same fruitless discussions.
There are a lot of people who have never thought about a ton of implications of crypto.
Real issues are ignored, unknown, or just never even mentioned.
Aren't they are peer reviewed?
What is your expertise in astrophysics?
No one ever before was able to see this.
It feels very similar to when I hold an expensive CPU in my hand or a very expensive (because handmade) watch which is 'more' than just a CPU or watch.
It's the marvel of our time. Craftsmanship