From: janburse@fastmail.fm   
      
   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/a   
   counting-and-reporting-foreign-currency-what-are-swiss-tax-impli   
   ations-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/   
   ccounting-and-reporting-foreign-currency-what-are-swiss-tax-impl   
   cations-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)