Five years ago, before the launch of Uniswap v1, I deployed a token called HayCoin to use for testing. This was back when gas was so cheap that mainnet could be used as as a testnet. After the launch of v1, I created a small test liquidity pool with a tiny fraction of the total…
— hayden.eth 🦄 (@haydenzadams) October 20, 2023
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Idiot burns $650bn worth of meme coin
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Hopefully you guys are just joking about being r-slurred enough to think this is how taxes work.
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My boss does my taxes
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It kinda do be like that though.
Did you know there's no limit on how much you have to pay on gains, but a very small limit on how much you can deduct for losses, and that anything beyond that limit just carries over to the next year? So if you made 7 figures selling your Bitcoin in December 2017, then lost 7 figures on stocks in January 2018, you still owe a quarter million in taxes?
Fortunately I had set aside exactly that much, knowing it was the worst possible outcome. Still can't believe it happened though.
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You have to realize the gain before it's taxable. Sending it to a burner address means it will never be realized. No tax liability.
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Clearly you've n ver had to file taxes.
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Only because I have a tax lawyer.
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If the IRS tried to go after me for $128B I think I would McVeigh pretty fricking quickly.
I doubt this would actually be taxable though
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McVeigh was a Clinton drone
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If Clinton drones mean more dead Americans then I'd like some more of those
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Clinton did get the ball rolling for Iraq and helped orchestrate 9/11
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Way back like 10 years ago there was a coin called LottoCoin, LotteryCoin, something like that, there's been multiple with similar or identical names.
It was an experiment in on-chain gambling with the gambling (built into the coin protocol itself). This was novel back then.
The other interesting thing was the initial distribution. The author sent the initial coins to LottoCoin addresses associated with the private keys of Bitcoin, Litecoin, and Dogecoin addresses holding non-trivial amounts of those coins.
Back then I had hope for crypto for payment use, so I was playing with scripts to manipulate (EDIT I don't mean manipulate markets, just handling coins) Dogecoin funny money, and so at the anointed moment I controlled about 1,000 Dogecoin addresses with small but "non-trivial" amounts.
So I am maybe a LottoCoin whale or whatever, just tried out the gambling a bit out of curiosity.
Then someone pumps the coin and at one point my holdings were valued at $20k.
Better believe I dumped, managed to actually get $2k out.
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Those were good days. When you could open some random wallet you had forgotten about because it had only contained about $2 last you checked. Only to find you now had more like $4K in there.
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Darn bro this is the most impoverished story of all time.
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once he starts to sell the value would plummet so it's not really worth that bc there's not much liquidity. Also, he looks like a p-dophile.
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Check out Milton Friedman over here
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i'm all in on haycoin
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I am still on the $BINGUS moon ride
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Snapshots:
ghostarchive.org
archive.org
archive.ph (click to archive)
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