LaughCry

The following is one humans perspective on what is necessary if our species is to ever travel to the stars and make contact with intelligent life elsewhere in the universe. If it resonates with you please retweet and comment. 🧵

Elon Musk, Scott Adams personally wanted you in his biography, and you're the one person we still can't reach. Joel Pollak is writing it and needs to interview you. Please reach out to @joelpollak, it would be greatly appreciated. The deadline is approaching fast. If you can amplify or get this to @elonmusk, please RT, we really need your help.

As a Robinhood user since 2021, I also encouraged others to use the platform. My mom has been DCA’ing into Bitcoin on Robinhood since then. Robinhood suddenly locked my mom out of her account. Over $10,000 in Bitcoin and it’s still taking her automatic withdrawal. Here’s the kicker. They say she cannot move money off the platform, or withdraw to her account. We’ve attempted measures to fix this, but I’m going to go FULL NUCLEAR if this doesn’t get fixed. My mom was scammed for $250,000 in 2021. It’s a miracle she didn’t give up on Bitcoin. Robinhood was “safe”, but it might be the end though. I will make sure everyone hears about it. I need answers @RobinhoodApp

Any rewards are earned income. When you earn an hourly wage at a job you’re not taxed as you earn it, you owe tax when you’re paid. Same should apply to staking. I would argue tax is owed on fair market value once you have it in your control and could actually sell it for fair market value.

🚨The U.S. Tax Court came out with a decision in the case of Paschall v. Commissioner, Tax Court Memo 2024-26. Paschall was staking Cardano, and he took the position that his staking rewards should be taxed when they were sold for dollars, not when he received them. This is how his audit went down. The auditor disagreed. Paschall took it to Tax Court and defended himself. Now, about 85% of U.S. Tax Court cases are petitioned by the taxpayers themselves, or what lawyers call pro se in Latin. That is very common. But he actually went to Tax Court and represented himself against five IRS lawyers. He made his own case, and the judge decided against him. The judge said the rewards had to be taxed at fair market value when received. I am going to dig into this in a second, but first, a couple of comments. First of all, this is a memorandum decision. That means it is the decision of one judge and does not bind all judges in the U.S. Tax Court. There are, I believe, about 13 judges in the U.S. Tax Court. On more important decisions, the full court deliberates together. But this was just an individual decision. It is non-binding, and it is this judge’s opinion. This opinion reinforces IRS Revenue Ruling 2023-14, where the IRS said that income occurs when a taxpayer gains dominion and control over validation rewards, and that income is measured at fair market value at that time. In Paschall’s case, he had about $25,000 of taxable gain that the auditors accused him of failing to report. On top of that, there was about a $5,000 penalty. So those were the stakes. I looked at the arguments, and I felt that the taxpayer made a strategic error during the negotiation process of the court case. He made an agreement with the IRS that the rewards became his when they were awarded. In other words, he acknowledged that he had dominion and control over the rewards at the time they were awarded. I believe that was a fundamental mistake. And this is why it is good that this is only a memorandum decision. Particularly with $ada, and this is also true with other coins, when you are staking, the coins you give to the validator cannot be sold until they are taken out of validation status. Those are the coins you are staking. Secondly, the rewards you receive from the validator keep accumulating. But the moment you take your staking rewards out, and this is definitely true with Cardano, although not with all validators, you receive your staking rewards only when you withdraw from the validator altogether. To do that, it takes a couple of validation periods before the rewards are fully received. But the issue is this: when you take your money out of validation, you stop receiving validation rewards. You are going to miss a period of time. In Cardano, that period is called an epoch, where you are awarded every five days for having been with a validator for that period. Once you take your staking rewards out, you can no longer participate during that period. This speaks to the legal issue of constructive receipt under the U.S. Tax Code. The judge in this case acknowledged that issue and actually gave a nod to it. The tokens are income to the taxpayer when they are constructively received. But the taxpayer never raised this issue. In my opinion, in the Cardano situation, the rewards are not constructively received until you leave the validator and actually receive them. You cannot get them any other way unless you withdraw. When you take your coins out of the validator, that is a significant financial and disruptive event. You no longer receive validation rewards for a couple of epochs until you can reinvest. That has a significant implication in my mind. That is the position I would argue if I were taking this forward to Tax Court or to appeals.

“Why was he (Charlie Kirk) killed?” Elon Musk knows.

@Spaxter_Chad FUN FACT: if you bought the 2012 bottom you would still be up more than 10000x. June 2012 LTC/USD dipped to below $0.004 & LTC/BTC got below 0.0006BTC. I don’t have the historical prices in front of me so this could be slightly off.

FUN FACT: If you bought the 2013 top of litecoin:native, you are down 20% today.

@CryptoTaxSucks he should have wrote the seed phrase somewhere for the hardware wallet. easiest option would be to find that.

Client passed away unexpectedly. Had 6-figures in crypto. Family can’t access it because client was paranoid about security. Didn’t leave instructions behind. How do you solve this?

@AProgress46 $1000+ or > 0.01 BTC

Be honest. At what price would you start calling Litecoin a top-tier asset again? $150? $300? $500? $1,000? $LTC

@AdamWeitsman @opensea Petition for @opensea to add support for Ordinals ✏️ Repost to sign

@Dussyme Iowa

Your first guess was wrong… now think smarter 👀🇺🇸 Read twice….. answer once 🤯without googling 💕

@Batmantallk 25

90% of people get this wrong. Can you find x?

@ourcryptotalk @grok Monero. Always has been. $XMR

Dear @grok , Which Privacy Altcoin is likely to replace $ZEC as the privacy leader after its downfall? Keep one, remove the rest.

@coingecko LitVM $LTC

Overlooked project?

the next era rewards reliability. litecoin has the longest uninterrupted uptime of any blockchain in crypto. the record stands.

There are very few solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u sellers remaining If a whale wants to plow $1M into solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u right now their buy will force solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u's market cap to increase by over $100M This is because solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u is incredibly scarce at the moment The data has been very clear that solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u's long term holder supply distribution has been rapidly increasing (h/t @dogdatabtc) Any meaningful buy pressure will send solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u parabolic When the price of a coin trends down for an extended period of time it takes very little for the price to go back up This is because a long down only period gives the paper hands many opportunities to capitulate So all of the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u paper hands have been shaken out by now which has exhausted the sell pressure Now only the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u diamond hands remain 💪

@Beno10_MFC Fixed it!

Many geniuses thought the answer is 130 but it ain't This question is a real brain level test, use your brain Can you find the missing angel?

@CryptoTice_ interesting similarity to this plot of BTC price from 7/2010 - 1/2014.

BITCOIN JUST BROKE THE MOST IMPORTANT LEVEL IN ITS ENTIRE HISTORY. And if we don't reclaim it fast… We are in serious trouble. 14 years of support. Gone. That line defined every single bull market. Never broke without catastrophic consequences. Never. Volatility exploding. Liquidity hunting lower. Weak hands getting destroyed. This is not a dip. This is not a shakeout. This is structural failure. Ignoring this isn't conviction. It's denial.

solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u was a test 100% of the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u supply was airdropped for free with no team allocation in the fairest memecoin distribution event of all time solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u quickly became the #1 memecoin on the Bitcoin network reaching a $1 billion market cap solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u was the most talked about memecoin on X for an entire year But there was a catch solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u refused to pay listing fees As a fully decentralized movement the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u Army decided that it would not set aside tokens to pay off corrupt exchanges for a listing The solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u Army wanted to see which tier-1 exchanges were pure and listed tokens base on merit vs which tier-1 exchanges were corrupt and listed tokens based on backroom bribes The test has now been running for over 2 year and only one tier-1 exchange has passed the test of listing Free & Fair solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u and that exchange is @krakenfx Every other tier-1 exchange failed the test OKX failed HTX failed Bybit failed Upbit failed KuCoin failed Binance failed Coinbase failed Robinhood failed These exchanges are anti-decentralization and instead have chosen to support centralized insider market corruption I firmly believe that if Satoshi Nakamoto released Bitcoin in 2026 that these exchanges would not list Bitcoin because they are not able to extract any listing money from a decentralized project This is why I strongly encourage everyone to stop using corrupt exchanges and support @krakenfx the fairest and most honorable crypto exchange in the world

@SpunkyPatriot_ 🤣

In case you missed it, Baby Trump and Baby Elon had this to say about Bezo's rocket exploding. 😂🤣

@TaraBull In my experience dogs wag their tail when they are being playful. This dog’s tail did not appear to be wagging.

A 12 year old boy was riding his bike when a neighbors dog charged him, tackled him off the bike, bit his shoulder, and nipped at him multiple times as he ran for safety. The dog also bit his ear. The boy needed stitches and is now traumatized. He is too scared to go outside or ride his bike. Metro Animal Services took the dog after the owners surrendered it but many people online claim the dog was just 'being playful'.