Fucked if true
https://twitter.com/JTheAccountant/status/1717290751309078715?t=4GWNXHuiqk1W4mecF0FleA&s=19
Conversation
Notices
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C00p (mrman@noagendasocial.com)'s status on Friday, 27-Oct-2023 13:26:53 JST C00p -
The Dark Pill (tylerabeojordan@liberdon.com)'s status on Friday, 27-Oct-2023 13:26:52 JST The Dark Pill Use BISQ - a decentralized P2P Tor exchange. Yes, you can trade for fiat too.
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CoramDeo (coramdeo@noagendasocial.com)'s status on Friday, 27-Oct-2023 13:26:53 JST CoramDeo Derp. The IRS rules on crypto have been in place for a few years. Every transaction must be accounted for, even purchases. It’s not cash, it’s not currency, it’s treated like a security. You need to account for the profit and losses when it leaves your hands.
If the IRS is knocking on your door, you better have your accounting right. And, the profit and loss needs to be reported in the quarter in which it was incurred, not at the end of the year. Best of luck to anyone spending Sats.
Machismo repeated this. -
Machismo (zerglingman@freespeechextremist.com)'s status on Friday, 27-Oct-2023 13:27:19 JST Machismo @TylerAbeoJordan @mrman @CoramDeo But in order to place an offer you need a deposit. It's fine if you're in a place that has a reasonable amount of sale offers. -
Machismo (zerglingman@freespeechextremist.com)'s status on Friday, 27-Oct-2023 13:28:24 JST Machismo @mrman @CoramDeo @TylerAbeoJordan (If you aren't, doxx yourself to kraken, buy whatever you can get your hands on, abuse swap sites like flyp.me to run it through monero before putting it in your non-doxxed wallet, and then you can make offers.) -
The Dark Pill (tylerabeojordan@liberdon.com)'s status on Friday, 27-Oct-2023 13:29:04 JST The Dark Pill You can buy crypto via normal channels - there are no tax implications for buying crypto in the US - it's trading it that's the problem.
Machismo likes this. -
Machismo (zerglingman@freespeechextremist.com)'s status on Friday, 27-Oct-2023 13:29:19 JST Machismo @mrman @TylerAbeoJordan @CoramDeo (**Better yet just use monero.) -
The Dark Pill (tylerabeojordan@liberdon.com)'s status on Friday, 27-Oct-2023 13:30:37 JST The Dark Pill People trade Monero (and Eth) on Bisq too. It's not just for bitcoin - you probably know that already, but for the rest of the crowd.
Machismo repeated this. -
Machismo (zerglingman@freespeechextremist.com)'s status on Friday, 27-Oct-2023 13:31:10 JST Machismo @TylerAbeoJordan @mrman @CoramDeo My understanding is that it started with only... Monero? And then quickly added bitcoin support because hurr trade volume whatever adoption blah blah -
The Dark Pill (tylerabeojordan@liberdon.com)'s status on Friday, 27-Oct-2023 13:33:13 JST The Dark Pill I don't know, but sounds likely.
Machismo likes this. -
チャノさん (japananon@mitra.anon-kenkai.com)'s status on Friday, 27-Oct-2023 13:33:35 JST チャノさん @TylerAbeoJordan @Zerglingman @mrman @CoramDeo Based on conversations in the dev channel, XMR/Fiat pairs are one of the most requested features, and might be coming in the eventual Bisq 2. No timeline on that yet, unfortunately.
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Machismo (zerglingman@freespeechextremist.com)'s status on Friday, 27-Oct-2023 13:33:53 JST Machismo @japananon @CoramDeo @mrman @TylerAbeoJordan Unsurprisingly, lol.
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