this post was submitted on 07 Dec 2024
296 points (96.5% liked)

Technology

59887 readers
2844 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
296
Teen creates memecoin, dumps it, earns $50,000 (arstechnica.com)
submitted 5 days ago by [email protected] to c/technology
92 comments fedilink hide all child comments
 

Unsurprisingly, he and his family were doxed by angry traders.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 3 days ago* (last edited 3 days ago) (1 children)

I've been considering it tbh... And I know what my target audience would be even. I just don't know if I want to actually go through with it + if I do, I have to buy Monero with it or something so I could launder it, then somehow explain to the tax authority that I've suddenly got a bunch of crypto I'm selling... Though the last part might not be too bad, as long as I do TELL them that I'm selling it and want to pay taxes on it.

[โ€“] Furbag 1 points 3 days ago

Yeah, the tax man doesn't care how you got it, just that they get their cut. Just don't be stupid and not declare that income... They will know.