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Took me like 2 years to make my first $100 on Google AdSense back in 2007-08 or so... it's taken me less than a week to make over 3k on Web3. 🤯 Yes, I'm much better known now than then, and yes there's major frontier froth going on, but still... I get "internet of money" now
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for those curious, I sold an nft each on opensea and mirror, and got a cut of a sale by a friend on foundation... so this is across 3 nfts
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Replying to
of course the 3k is if I cash out the ether into fiat now... if I leave it alone and ether crashes, the fiat value is obv much less...
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and of course, I had to pay several hundreds of dollars in various tx fees all over the place... this is pay to play, and you have to watch the gas prices aka your COGS, so Web3 is definitely pay-to-play and not open to those who can't afford to play
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Why it's more understanding required than the current stance of tracking as assets changing price? Transactions are taxable based on the fmv vs cost basis. Works for nfts and cryptocurrencies, just like existing markets like commodities
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