mtnavman on Nostr: TheGuySwann I would love to see a pod about living on a Bitcoin standard in a ...

TheGuySwann (npub1h8n…rpev) I would love to see a pod about living on a Bitcoin standard in a practical way. How do you manage the ups and downs every month while still have fiat expenses . What are the current tax implications as they stand now. It would be amazing to have a round table with plebs living it, business supporting it like jack mallers (npub1cn4…3vle) and strike (npub1ex7…vyt9), CPA’s weighing in like satoshipacioli (npub1drl…rfg0). Jack’s recent podcast on the subject really got me thinking about it. Paying the cap gains taxes is one thing, accounting for and filing is the other altogether. Honestly I feel it’s greatest barrier to fully embracing living fully on BTC. I don’t want to be held captive to the system because living in fear of the IRS!

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note1s5t…xh92

The new IRS requirements on how to manage your bitcoin and have explicit coins separated by wallet according to their cost basis is so horribly ignorant and nonsensical that I don’t even know how to explain it.