From: janburse@fastmail.fm   
      
   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/acc   
   unting-and-reporting-foreign-currency-what-are-swiss-tax-implica   
   ions-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/ac   
   ounting-and-reporting-foreign-currency-what-are-swiss-tax-implic   
   tions-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-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)