Treating myself by explaining to the Bitcoin Holy Warriors
that they have to pay income tax in Dollars if they sell their Bitcoin.
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Replying to @JamiePastore9
Sometimes I think you are the Michael Jordan of twitter.
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Replying to @JamiePastore9 @amnesiabourne
𝓓𝑎𝑛𝑖𝑒𝑙𝑙𝑒 𝓕𝑜𝑛𝑔, 𝕖𝕩-𝕡𝕣𝕠𝕕𝕚𝕘𝕪 Retweeted 𝓓𝑎𝑛𝑖𝑒𝑙𝑙𝑒 𝓕𝑜𝑛𝑔, 𝕖𝕩-𝕡𝕣𝕠𝕕𝕚𝕘𝕪
You might enjoy some violation for that narrative! Keep in mind we are in a *cosmic* psychosocial/financial credit crunch (except for the big players)https://twitter.com/DanielleFong/status/1261631558710185985?s=20 …
𝓓𝑎𝑛𝑖𝑒𝑙𝑙𝑒 𝓕𝑜𝑛𝑔, 𝕖𝕩-𝕡𝕣𝕠𝕕𝕚𝕘𝕪 added,
𝓓𝑎𝑛𝑖𝑒𝑙𝑙𝑒 𝓕𝑜𝑛𝑔, 𝕖𝕩-𝕡𝕣𝕠𝕕𝕚𝕘𝕪 @DanielleFongImportant: The last line of defense in the narrative for why the Fed has superpowers is that taxes are paid in$USD Because of Bitcoin, alternative currencies possible, but taxes keep them $ denominated Even so, you pay on average 6 months later. 6 months of credit creation
pic.twitter.com/xoKyGp2rTo1 reply 1 retweet 2 likes -
Replying to @DanielleFong @amnesiabourne
Eurodollars supersede the tax argument in times of strain IMO
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Replying to @JamiePastore9 @amnesiabourne
interested in hearing more from you about this can you explain?
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Replying to @DanielleFong @amnesiabourne
Odd Lots did a great show on this if you have ~40 mins for a listen! Basically the banking networks have created a world that is structurally long dollars and during times of stress they become the most important thinghttps://www.bloomberg.com/news/audio/2019-09-13/why-the-dominant-u-s-dollar-refuses-to-go-away-podcast …
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And here’s a great specific example of why the USD is more important in Venezuela than Bitcoin when there are currency issues that result in a persistent, structural bid for dollarshttps://www.google.com/amp/s/www.coindesk.com/how-i-learned-to-stop-worrying-and-love-the-money-printer%3famp=1 …
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Replying to @JamiePastore9 @amnesiabourne
This is a good link and point. Bitcoin is *not* a replacement for USD as currency yet, but it's possibly a better reserve currency, especially to back higher levels of payment.
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@pnfigueiredo would you like to join into the conversation?
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