Cheers, gentlemen!

Well, no (the BTC part)... Unfortunately, It is not easy to do a BTC TX without electricity nor comms... Cash has been the king today.

That very same cash that they want to ban... which combined to the stupidity of relaying too much on renewables (with very low inertia) makes the perfect mix for catastrophic failure.

Fucking wokes.

Full scale power grid shutdown in Spain (and several other EURO countries affected I have been told).

Telephony is also severely affected (though not 100%... yet).

Is Bitcoin recovering or fiat dumping?

If I had to bet... There is a higher than 50% probability that he has some coins "here and there". And what was once considered "peanuts", more so by someone who was making millions of $ at the time, can have an astronomical value nowadays.

Maybe he could have some "anonymous" donations sent to him... but surely the origin of those coins would be very well scrutinized. Also I am not so sure it is so easy to be "safely far from the USA" (See Roger Ver and the "exit tax") but....

Doesn't the pardon apply to every and all things related to his case? If that was the case (I don't know) maybe he would just need to "produce" them now (or as he is gradually able to remember how to recover control of those coins) and pay his share of taxes and call it a day?

Come to Spain... you can just declare yourself a woman and in FOUR MONTHS MAX you will have your civil sex changed. No questions asked (it is ilegal to QUESTION why you do identify with whatever sex... only male or female for now, though). No hormones nor surgery. No looks or even name change. No nothing.

Fucking wokes.

"Rich".... Difficult to say without a proper reference.

We are, certainly and at least, temporarily "unpoor". That's all I would dare to say.

... and being "unpoor" is nice. Very nice.

Sorta but, unfortunately, we are not inmortal so sometimes you want to either diversify some (for peace of mind at the cost of, most probably, lower returns) or use some to buy something (ie. a nice lake)... and then you have to take some profits, pay some taxes (trying to minimize them if otherwise unavoidable) and convert to fiat as an intermediate/temporary step.

Here is another theory/factor to consider: Some (many?) people already topped their max tax free (or lower tax brackets) sales for the year 2024 and they are resuming with the sales (which may or may not be significant in comparison to their hodlings) in the new tax year. That will pass, though.

Happy NEW $100K+!

Yearly 2.1168% from anything above 57K Net worth? Including in it all owned real state, stocks, cars, bank accounts, deposits, bitcoin, etc etc with no exceptions nor reductions?

If that's the case it's totally crazy....

I guess it depends on how high your wealth tax is. Here, they made a mess out of the tax, and now they're mostly raising it while trying to create a new system. The gains tax is 36% on some sort of flat rate assumed gain. It's a weird system
Depending on how long you're HODLing, a 29% one-time tax can be better than an annual tax.
[/quote]

Well... I thought Spanish taxes were bad... now I see it could be even worse... sorry

Lucky you on the "no capital gains tax". We do, currently, have an up to 29% capital gains tax for gains above 300K€ (and it is not MUCH better for lower amounts either... as it starts at 21%)

Here (Spain) it is 1.7% above 3M€ to 5M€, 2.1% 5M-10M and 3.5% for anything above 10M.

That is at "market valuation at 31 DEC" (the exact time is not really clear, so assume either at the last second of the year, the average OR, BETTER YET, the worst favourable case of all of them during all the day... just to be safe).

It's no wonder that, in the case of crypto, where it is not that uncommon that sometimes you aren't even sure the exact amount that you still have or not have under your control (misplaced seeds/keys, seeds that were buried under heaps of concrete, etc) maybe some people could have a mismatch between what they declare (what they are SURE to "reasonably" control) and what they might eventually have on a later date after a huge amount of effort is employed on the "recovery" and a bit of luck... If they ever really need to get a hand on that part of their long "lost" stash.

Wealth tax is the most stupid and anti-progressive tax ever devised. It impairs all the good traits that should be promoted for the good of a country, and its citizens, in the long term.

Calçada Portuguesa... so... Lisbon? Rio? No fucking idea, lol... but surely a nice place to welcome the new year. Cheers!!

^THIS^

... And happy XMAS my fellow hodlers!

Now that's the Christmas spirit!!

You are right though... unless that's not him and/or the tatoo is fake/photoshopped... which is also a possibility... and, IIRC, he has previously claimed to NOT even being a "fullcoiner", besides being a legendary miner. All in all... probably he just doesnt give a shit

Don't feel bad about it. I have also been selling "some" on the way up. It will make me keep hodling stronger all the (vast majority) rest of my stash. After a 200x I think I deserve to "play" converting some just because.... And I hope I never be able to rebuy it again.

Are we unpoor now?

$106K+

Nicer.