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NorthCollectors.base

@RichardBudman

I used to cook for big groups of people. Then covid. Now.. custom mats & autographs converting %sales to #BTC. President and Chief Collector at @northcollectors

Toronto Katılım Ekim 2009
2.2K Takip Edilen1.9K Takipçiler
Jack Mallers
Jack Mallers@jackmallers·
Remember, no matter how hard our money, its value is solely for its prospective exchange utility. Nobody wants pieces of paper or bitcoin, we want what those things can get us. Money is a means to an end. Fix the money, fix the world, but don’t forget to find your end.
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Phantom Stays
Phantom Stays@PhantomStays·
Just got off a call with a Canadian 🇨🇦 ecom founder running rev through a US LLC, doing $12M/yr, on track to hit $15-20M, and the business is genuinely crushing it right now, $1M/month, stable, scaling. But the backend? Completely fell apart trying to keep up. He survived brutal cash flow crunches and payment holds across multiple stores earlier this year. Now that the dust settled, he looked under the hood and found something wild: a $12M/year operation running almost entirely on debit card and no accounting lol. He already got a US Biz Amex setup but is hard-capped at $10k despite sitting on much much more in his biz bank accounts. Zero US credit history. No P&L statements. No internal accounting. And his Canadian Wise account was triggering Amex rejections on the US side. Worth noting too that Canada was quietly taking a massive bite out of every dollar he made. Here's the full plan we built together. The first unlock is immediate. Before he gets on a plane, we're applying for a Capital One card remotely to plant the first seed of a US credit profile. Low friction, fast approval, and it starts the clock on his credit history so future applications land on warmer ground. Then in May, he's flying to Miami for a targeted bank run, walking into every major high-street branch to open business checking accounts and apply for starter credit cards in person. No more fighting automated KYC systems from abroad. Face-to-face relationships with real bankers change everything at this level. The Chase Sapphire Reserve is the crown jewel of this trip. He has no US credit score, so normal underwriting would be a dead end. The move: park $100k into a Chase business account and let it season for 60-90 days. That deposit signals financial seriousness to the branch team, dramatically shortens the approval path, and can get him into the Sapphire Reserve without the usual 6-12 month wait. Once approved he's looking at unlimited 3x points on every dollar of ad spend, and lounge access at 1,500+ airports globally. The fintech credit unlock is where things get really interesting. Right now he's locked out of high fintech credit lines not because his business is weak, but because he has zero accounting documentation. Parker approves based on business health metrics, monthly revenue, bank balances, Shopify performance, ad data, and cash flow, not personal US credit. A business doing $1M/month can qualify for up to 50% of monthly revenue as a credit line. That's a minimum $300k-$500k in monthly fintech credit just sitting there, unclaimed. The fix is simple: work with our Phantom Tax Advisor immediately to complete Q1 accounting and generate clean P&L statements. The moment that documentation exists, the Parker or Flex Pay application becomes a formality. No PG required. 30/60/90 day repayment windows. Zero interest if paid on time. This isn't a someday upgrade, it's a 2-week process once the books are clean. 🔥 Week 1: Apply Capital One remotely + engage Jurus for Q1 accounting cleanup 🔥 Week 2-3: P&L generated → Parker/Flex Pay application → $300k+ monthly credit unlocked ✅ May trip: Miami bank run, open accounts at every major branch, apply for starter cards in person 🔐 60-90 days after $100k Chase deposit: Chase Sapphire Reserve application with banker support Then there's the tax piece, which honestly might be the biggest win of all. He's been building real wealth while Canada quietly taxes it at some of the highest personal rates in the developed world. We're implementing what I call the Three Phantom Pillars. Step one is establishing paper tax residency in Paraguay. Foreign income drops to 0% personal tax. Clean, legal, done. He just needs to make sure to properly leave the CA tax system as well which we will help him with. Step two is using the US LLC to flow profits cleanly, keeping the banking infrastructure and payment processing locked in the world's most credible jurisdiction. Step three is a Panama Foundation layer for asset accumulation and privacy. Own nothing, control everything. The full picture is a guy going from $10,500 in monthly card capacity and massive Canadian tax exposure, to $300k+ in monthly credit, a premium Chase/Amex travel card stack, and a legally structured 0% tax rate across his entire operation. From debit cards to an unfuckwitable wealth ecosystem. The backend finally catches up to the biz. Classic Phantom W. If ur running serious volume and your financial infrastructure looks nothing like your revenue, that gap is costing you far more than you think. Let's fix it.
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Rishabh
Rishabh@Rixhabh__·
Anthropic pays engineers $750,000+ a year to understand how LLMs work. Stanford just put a 2 hour lecture that covers 80% of it for FREE. Bookmark this. Give it 2 hours today.
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John Carreyrou
John Carreyrou@JohnCarreyrou·
The mystery of Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, has remained unsolved for 17 years. Not anymore. Read my 18-month investigation to find out who Satoshi really is. nytimes.com/2026/04/08/bus…
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The New York Times
The New York Times@nytimes·
Bitcoin’s founder, Satoshi Nakamoto, has remained hidden for 17 years. A trail of clues — and a year of digging by our reporter, John Carreyrou — led us to a 55-year-old computer scientist in El Salvador named Adam Back. nyti.ms/4bXWC3V
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NorthCollectors.base
NorthCollectors.base@RichardBudman·
Yup.
Phantom Stays@PhantomStays

Just got off a call with a Canadian🇨🇦 ecom founder running a $40M/year Shopify brand, holds 2 passports too. Sharp guy. Seriously impressive setup, wild numbers. But underneath all of it its a ticking time💣 His business is tied to a Canadian corporation and Canadian PayPal, and with the brand tracking toward a record year and an 8-figure exit planned in 1–3 years, every single month he delays restructuring, his Canadian exit tax liability climbs higher. Traditional tax attorneys keep dropping the ball because they don't actually understand global e-commerce or Shopify. He's been stuck without a clear path forward. Here's exactly how we're solving it. The goal is to shift the entire business to a pass-through US LLC before the exit, which, when paired with proper foreign tax residency, unlocks 0% corporate, 0% personal, and 0% capital gains on the whole thing. To pull this off cleanly, we work through a few critical layers: 🔥 First, the payment stack migration. We move him off Canadian Shopify Payments and onto US Shopify Payments under the new LLC. This requires forming the LLC, getting an EIN, securing a real US business address, and opening a US business bank account with Mercury or Slash. A fresh US PayPal account gets opened under the LLC as well. This severs the revenue reporting trail back to Canada entirely. 🔥 Next, tax residency. He's got two clean paths: → Paraguay: few grand to setup, ~$500–$1,000/year to maintain, and zero days of physical presence required. 0% personal tax on foreign income. No mandatory local bank account. Total flexibility for a nomad lifestyle. One of the most underrated setups on the planet. → Panama: A fast-track 5-year citizenship program for a $200k investment. Stronger passport, deeper long-term optionality given he's already building toward starting a family. We're running both scenarios with our community tax attorney to find the cleanest fit. 🔥 Then, the exit filing. Once the US LLC and new residency are locked in, typically within 3–6 months, he formally files his Canadian exit. A specialized cross-border tax attorney handles the final Canadian exit tax valuation to legally minimize what's owed at departure and sign off on the full global structure. The good news is, he hasn't been spending signifigant time in CA the past few years (less than 3 months). So this should be relatively painless. The outcome here is genuinely staggering. Once he is setup fully, he will be eligible for a completely clean 8-figure exit with 0% corporate, 0% personal, and 0% capital gains tax. He continues stacking cash tax-free for the next 4–6 years across his Shopify brand, consulting business, etc. When he's eventually ready to return to Canada and start a family, he comes back with a fully protected, generational windfall that was built entirely outside the Canadian tax net. The wild part? None of this is exotic or aggressive. It's just proper structure, done early enough to matter. Most founders wait until the LOI hits their inbox before they start thinking about tax on the exit. By then the damage is already baked in. The only move that actually works is restructuring while the business is still private, still growing, and still yours to reposition. If you're running a high-revenue online business and planning an exit in the next few years, we should talk before the clock runs out.

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Natalie Brunell ⚡️
Natalie Brunell ⚡️@natbrunell·
So many AI-related layoffs coming. How are you protecting your job security?
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tradertvshawn
tradertvshawn@tradertvshawn·
GM Traders!! Hope all is well, its a snow day here in Toronto, but the markets heating up with #fed on deck. What are you looking to trade ahead of the release? me.... $PLTR post below 👇👇👇👇
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Filecoin
Filecoin@Filecoin·
Filecoin stores what history can’t lose
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tradertvshawn
tradertvshawn@tradertvshawn·
Good Morning all!! 🫡🌅🌄 What are you looking to trade today?
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Peter Schiff
Peter Schiff@PeterSchiff·
As bad as Bitcoin looks, Ethereum looks even worse. While Bitcoin is only down about 10% from its record high priced in U.S. dollars, Ether is down 21%. It’s now trading near $3,900. If it breaks support around $3,350, a quick move down to $1,500 is a real risk. Get out now!
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NorthCollectors.base
NorthCollectors.base@RichardBudman·
@MartyBent @JoeNakamoto No. It won't grow companies bitcoin balance sheets because nobody is going to use their BTC on fresh baked bread. That's what USDC is for.
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Marty Bent
Marty Bent@MartyBent·
This is such an incredible unlock for small businesses and bitcoin. The number of companies with bitcoin on their balances sheets is about to inflect dramatically.
Miles 🌞@milessuter

Connecting the ecosystem with @Square has been the dream since we launched bitcoin in @CashApp in 2018 Starting today, all merchants can now seamlessly stack bitcoin behind the scenes from their daily sales Bitcoin Payments Acceptance will be live for everyone on November 10

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Yorkshire Tea
Yorkshire Tea@YorkshireTea·
It's International Coffee Day. A moment to put our caffeine-based differences aside and unite against our common enemy: soup.
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Andy
Andy@andyyy·
Circle IPO did a 5x on launch. XPL is the biggest token of the year. Cloudflare CEO announced their stablecoin this week. USDH went live this past week. ZeroHash just raised $104M to build a stablecoin. USAT announced by Tether this month. Stripe is rumored to be launching a stablecoin early next year. Ethena’s USDe crossed $14B+ in outstanding supply. MegaETH announced their USDm stablecoin. Frax is gearing up to launch FraxNet. Tether is raising at $500B valuation. Korean Won stablecoin is coming via Avalanche. GENIUS act passed over summer and US Treasury Secretary Bessent is aiming for $3T total stablecoin supply by 2028. The demand for stablecoin exposure is practically infinite at this point in time. All big banks are thinking deeply about their digital asset strategy. Couldn’t be more obvious. Welcome to the Stablecoin Supercycle.
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Jim Liu
Jim Liu@jiahanjimliu·
This is not financial advice. Some people are asking me about taking profits on $IREN during this run up. Personally I see: 1. The move from $5->$15 was IREN becoming book value. 2. The move from $15->$35 was the re-rating from BTC Miner to Neocloud. 3. The current move we are in is IREN changing from a retail stock to a institution drive stock. Bernstein is no longer assigning kid analyst on IREN with $25 price targets. $75 is a serious target. 4. The fourth move will the flywheel of higher earnings driving institutions to drive up the stock price. If a elephant like ORCL can go from $120 -> $300 on compounding earnings, IREN can too. As long as AI capex holds, there will be a massive tailwindo for the industry. I combine my software/hardware driven fundamental research (thesis quoted below) with that of the broader $IREN community to have personal conviction to hold to my own holdings to $150-$250, barring macro. I will have to wait for more events to play out to substantiate any statements beyond that price range.
Jim Liu@jiahanjimliu

My thesis is written out in these post: IREN's Power Advantage: x.com/jiahanjimliu/s… IREN's T3 Datacenter Background: x.com/jiahanjimliu/s… IREN's Market in IaaS: x.com/jiahanjimliu/s… The IREN community that took me here: x.com/jiahanjimliu/s…

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The Wolf Of All Streets
The Wolf Of All Streets@scottmelker·
RIPPLE $XRP AND SECURITIZE LAUNCH SMART CONTRACT ALLOWING HOLDERS OF BLACKROCK’S $BUIDL AND VANECK’S $VBILL TO SWAP SHARES FOR RIPPLE STABLECOIN $RLUSD
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