Prinz Eugen, der edle Ritter 📚

👀

When the ETFs begin trading... 🚀🚀🚀

Ah, so the ETFs were priced in after all!

The obligation applies to *individuals* if they receive $10k+ in the course of their trade or business, not just "businesses." So, if I'm a miner (even as an individual) I'm covered. Also, if I'm a day trader (even as an individual) I'm covered. If I'm an NFT artist it would also cover me even if I don't have an incorporated business, etc. Again, it is not just "businesses" that must comply but individuals too if they receive the funds in the course of their trade or business. That all said, what constitutes "trade or business"? Well, it's not exactly clear from Treasury guidance to date. No clear bright line rule that I can find. We point this out in our lawsuit: And also in the report we published a while back:

@GivnerAriel Not sure whether the last sentence is 100% certainly correct. My understanding is that the definition of "trade or business" can be quite murky.

IRS Form 8300. Why do we care? Businesses receiving > $10,000 in crypto for goods/services MUST report it to the IRS on Form 8300. This includes direct sales, barter transactions, or trades for assets. 🚨 Personal, non-business crypto transactions ARE NOT subject to this.

I ain't engaged in no trade and no business

Imagine holding a Bitcoin ETF in an IRA. No capital gains tax. 👀

@TheDFreshmaker reddit.com/r/VPN/comments…

@prinzeugen___ who do you recommend?

Bro the US just sucks

@drews888 That's a good conservative target

now imagine it closes 2024 at 1000$

we live in a simulation fr

@Lui_penigress @iamzhe What do you mean by "Sol passive airdrops"? Staking rewards?

@iamzhe Please what's the best staking strategy to get Sol passive airdrops? 🙏

Happy New Year, degens! Here's to making millions in 2024

Predictions for 2024: 1) You will purchase a gently used 2001 Honda Civic

@brianmosher99 I'm not a securities lawyer, but I'm very confident that doing this would require a very stringent regulatory approval process. Without which the whole thing is pointless - why would I buy stock coins if there's a risk that the SEC closes the whole thing down tomorrow?

@prinzeugen___ There was a platform on Terra that had this. I can't remember the name, but I always thought it was cool and was surprised nobody else had done it.

Would be a regulatory headache, but interesting to see if it could be implemented. No one is paying $50 transaction fees to trade stocks on $ETH. Why would I, when I can trade from my brokerage account with fees of $0? But on $SOL, transaction fees ARE essentially $0.

@NYSoul2x Right, and that becomes a completely insane opportunity. What's better digital gold: Bitcoin or a Solana coin that is 100%-backed by $GLD? Now, imagine DeFi using coins that are backed by stocks. Insane stuff. But, again, a regulatory headache.

@prinzeugen___ Very possible to create perpetual stocks just like many DEX have done with tokens.

BTW, a Solana coin backed by a stock or ETF would be better sound money than Bitcoin. Let that sink in.

@General_Sol 🤝

@obiexyz @DegenFaragu @0xNIC0 @ZKVerseNFT 🤝

@obiexyz @DegenFaragu @0xNIC0 $DARK is currently emitted by the Anon Club NFTs via staking, but I think that'll be over not too long from now. @ZKVerseNFT is the next thing from Nico/Anon Club; I think minting fairly soon.