Discover and read the best of Twitter Threads about #flywheelofbullshit

Most recents (2)

Pondering the tax consequences of the #celsius #hodl and #accrued profits come tax time. I thought I'd brush up on my #cryptotax understanding I found the following blog to be really clear, concise and useful.
cryptotrader.tax/blog/the-tradeā€¦ h/t @coinledger
The tax framework I had assumed would be applicable was/is pretty well as I expected. Most of which I've learnt over the years the hard way by getting shit wrong (don't get me started on the pain of get pegged in the bum by the tax-office for failing rollover relief tests).
Paying the tax piper..Income tax or Capital Gains. What's not well understood by the swinging dick muppet brigade is referals fee's, staking, mining, shilling and lending ..... that's ALL income tax. You might think it all pools into one big HODL fantasy. but it don't.
Read 14 tweets
#celsius flywheel of bullshit. Image
we have no external shareholders.....other than those external shareholders we have..ffs #flywheelofbullshit Image
What they say: we share our profits with the community
What they do: We retain 100% of communities assets and profits until you close your account. Image
Read 4 tweets

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