Hi,
If a state creates a bitcoin reserve. On paper
the first year swapping some positions in the
accounting balance will not have some effect
on the income statement. Over time it will show
also that devaluation of an asset incures cost.
Crooks have now a new player in town, that
helps in the gradual rug pull of BTC, in that
they can simply sell their BTC to the state.
This is a master piece of Con Artistry.
Also a strategic reserve will be just another
whale, making its move propably only accelerating
the downward spiral, if they also start selling.
This will be big big fun to watch!
Bye
P.S.: Also countries that have many nodes, or
more precisely "liquidity" in BTC, can now
also try to dictate a low price, just for the
fun of harming the bitcoin reserve. But I am
not 100% sure whats going on there. If countries
or unions are introducing some new stable cryptos,
the countries or unions might opt this as a
diversification strategy.
Mild Shock schrieb:
Hi,
Some BTC net restructuring seen. This is
constantly happening. Data center providers
can afford to have a turn over of their
infrastructure. Applies also to data centers
that have a share of BTC nodes. The same
web site shows me:
Pv4: -2.6% / IPv6: -7.1% / .onion: +2.4%
https://bitnodes.io/
Don't know what the scale is, over one year?
Also don't know what the implications are for
the life time of BTC.
My speculation it will go to 30'000.- USD or
3'000.- USD. On the trading side via captial
rotation. On the infrastructure side,
by simply abandoning BTC nodes. Many hard
core Bitcoiners ignore that this continuious
restructuring is part of the BTC infrastructure,
and if it follows economic principles, it might
quite well get rid of BTC nodes all together,
like an automatic garbage collection.
Bye
Mild Shock schrieb:
Hi,
China doesn't have some BTC. At least
offcially they only have like 145 BTC nodes.
Not counting the dark net, country unassigned
nodes, which has most of the BTC nodes.
The most official nodes are still split
between USA and Germany:
1 n/a 13937 (65.80%)
2 United States 2073 (9.79%)
3 Germany 1205 (5.69%)
https://bitnodes.io/
So how will USA use the strategic BTC reserve
to trade with China. Oops, my bad, they don't
want to trade with Chian, tariffs.
Ok, got it...
Bye
BTW: Bitcoin currently 86'000.- USD. My speculation
it will go to 30'000.- USD or 3'000.- USD, which
makes it not a good reserve.
Mild Shock schrieb:
Hi,
Every weekend bitcoin is crashing:
ca. $98'000 Bitcoin Exchange rate (02.02.2025)
https://coinmarketcap.com/currencies/bitcoin/
Thats the perfect Bitcoin gradual rug pull.
During weekend the whales are disposing of
their Bitcoin. During the week, when the
other stocks markets are open, idiots are
buying Bitcoin via ETFs.
LoL
Bye
Mild Shock schrieb:
Hi,
They are plannig to apply some averaging:
On 1 January 2023, most of the provisions of the
Revised Company Law will come into force. The
resulting changes in tax law now make it clear
that the functional currency is decisive for
tax purposes.
In addition, it is now stated that the taxable profit
in Swiss francs is to be determined at the average
(selling) exchange rate of the relevant financial year
and the taxable capital in Swiss francs at the (selling)
exchange rate prevailing on the balance sheet date.
As a result, balance sheet items translated at historical
rates in the annual financial statements presented in
Swiss francs become irrelevant. While there was
previously a certain degree of discretion in the exchange
rates used, the exchange rates published by the
Federal Tax Administration will now be binding.
https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/
So basically you have two exchanges rates one
for income, and one for substance.
Mild Shock schrieb:
Swiss bank or a Swiss National bank is allowed
to use any currency. You can even file a Tax
declaration in any currency now.
They simply don't care anymore about currency.
I know EUR is possible, maybe BTC is also possible?
You can use anything that has a market value
each end of year? See also:
Corporate Law Reform 2020
https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/
Physfitfreak schrieb:
What happens to Swiss banks when USA sanctions Dollar and Euro
transactions with Europe. What if BRICS won't accept you in?
--- SoupGate-Win32 v1.05
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