PreExponential Profile picture
Feb 20, 2022 8 tweets 3 min read Read on X
I get daily questions on which investments I like. So, here's an overview of:

* main investments I'm in
* the cheapest nodes
* highest ROI nodes

Prices vary!

I'll go into more detail.

N.B. Nodes are a high-risk investment. Please do your own research. Not financial advice.
BIG PROJECTS:
$FIRE, #THOR, and $STRONG are the clear winners in the Big plays. I'd count $ATLAS here but I haven't bought a node yet. Fire is still somewhat new, but I like their model. And their ROI & price is consistently high.
SMALLER PROJECTS:
These are your entry nodes—$COMB, $PXT, $POWER and $VPND. They cover the range, but if you're just getting into nodes and don't have a lot of money, I like these. Power has lower tiered nodes, but I usually don't bother with lower tiers because ROI is so crappy.
NEWER PROJECTS:
These projects are very new with astronomical ROIs: $STRZ, $MILK, $NOBEL, $POLAR, and $PENT. These might be around in a month, but maybe not. Good starter nodes if you're willing to take the risk.
UPCOMING PROJECTS:
I really want to invest in these but haven't yet: $CRO, $CROWN, $ATLAS, and $HNY (not yet launched).
EXCLUDED PROJECTS:
I opted out of these projects, and usually not because they're bad investments: $RLD, PLAYA3ULL, $DAG, and $DRIP. By the numbers, RLD & Drip are amazing. For Drip, I have to log in daily, which I hate. For RLD... well, see my notes.
I hope this answers a lot of questions about what I'm currently invested in.

For riskier projects, I use profits from other more stable projects to recoup my investment. Then I can safely compound with "house money". This is the only way I would invest in high-risk newer nodes.
As more people review this thread, there are some errors in this sheet, so please read through all the comments!

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More from @PreExponential

Mar 8, 2022
1/8 CRYPTO TAXES—DISTILLED

This is the best info I've found about nodes & US taxation so far. It's a synopsis of a Nov. 2021 Q&A with @CryptoTaxGirl

If any US-based CPAs on #taxtwitter spot errors, PLEASE tell me.

Full thread is here:


Please RT! 🧵👇
2/8 The IRS has offered no clear guidance on crypto taxation since 2014... Nodes, DAOs & NFTs are less than a year old, so the crypto space needs clarity on how to list income & expenses.

Until then, we must rely on CPAs to do their best to interpret the IRS's intent.
3/8 BIZ EXPENSES MEANS BIZ ENTITES

@CryptoTaxGirl says that in order to claim deductible expenses on a Schedule C form, you'd need to be a legit business. (Did I get that right?)

Depending on how much you make in a year, this should be an LLC or S-Corp (1 person C Corp).
Read 9 tweets
Mar 3, 2022
1/26 THE EPIC TAX GUIDE THREAD

From my upcoming free guide—Understanding Nodes

This is largely based on @koinly's Ultimate US Tax Guide (& other sources)

I was just going to include this section in my guide but it's SO topical, I felt compelled to post it now.

Please RT! 🧵👇
2/26 I had to do research on crypto taxes for myself anyway because I've never truly understood taxes. So I went full on Attack Dog Mode.

FWIW—I'm *not* a CPA so none of this should be considered as financial advice. I did my best, but speak up if you spot errors. Please!
3/26 TL;DR, part 1:

Taxable:
• Airdrops
• Node rewards
• Crypto-to-crypto swaps

Deductible:
• Gas fees
• Node purchases (expense on Sch. C)

Use carryover losses & deductions to offset gains—indefinitely!

DAOs: no guidance from IRS—Texas Tezos legal case is still pending.
Read 26 tweets
Feb 19, 2022
So I went on a Retweet bonanza this week for people earning just $1-$5/day from passive income plays.

Why? Why was this such a big deal?

Because when you really understand what passive income *is*, you target it ruthlessly.

1/x
Let's use $1/day as an example.

At the face of it, $1/day doesn't seem impressive. That's not even a cup of coffee, right? Why bother?

But $1/day is the wrong metric to look at. Actually, it completely understates the real power of passive income.

2/x
If you work 24 hours for $1, your hourly rate is:
$1/24 hours = 0.04¢/hour

If you work 0 hours for $1, your hourly rate is:
$1/0 hours = uh... wait, hold on... no, that can't. WTF!

∞/hour!?!

YES. YOUR HOURLY RATE IS *INFINITY*/HOUR.

3/x
Read 7 tweets

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