TomAwezome
joined 3 months ago
Yeah, on the one hand I agree with your sentiment, but on the other hand it's not that simple. Nothing in the government ever moves quick, and the IRS loves to give you plenty of time to dig your own grave as deep as you want.
The article above goes into more analysis about this situation, and includes a great quote that rings to what I previously mentioned:
"Here’s a useful trick for highly affluent readers who are desperate to avoid the exit tax: Live wherever you want, but don’t renounce citizenship. The constructive sale of assets and resulting taxable gains probably aren’t worth the trouble. Above all, don't paint yourself into a corner by renouncing your citizenship and then calculating what your exit tax will be. The benefit of performing the calculation first is that it can influence your decision as to whether renunciation is worth it."
Right, it's not about the IRS smelling millions, it's about him wiring crypto to businesses he owned and him not reporting it on his taxes during expatriation. It's all in the indictment papers. Pretty bog-standard tax fraud, nothing really out of the ordinary or exciting.
It looks like he could've dodged this by not making a lot of the decisions he made. It was definitely a bad move for him to wire crypto to bank accounts tied to businesses. It also looks like this became a big issue when he decided to go through expatriation, which required him to report and pay taxes for the capital gains. A law firm allegedly told him to "pretend" that he sold almost everything, leading him to not report any Bitcoin for both his assets and taxes, which seems like the 'law firm' was literally telling him to do fraud; he still went through with that despite how fishy it sounds? Can't help but feel like any legal firm telling you to "pretend" anything is a scam... It seems like he brought a lot of this on himself, but it also shows how deeply the IRS will dig their claws into you if they smell a couple million dollars.
Indictment PDF: https://www.justice.gov/opa/media/1350116/dl?inline
https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud
Give CRUMB a try, I've used it for learning basic circuit designs, and it does a pretty good job! I think a great start is trying to get a basic 555 timer going in it, based on publicly available electrical diagrams and descriptions. The analog oscilloscope feature is super fun to play with.
https://store.steampowered.com/app/2198800/CRUMB_Circuit_Simulator/
Yes, assuming video content is stored across decentralized PDS instances
I tested it with "cat" and it blocks me from seeing things I've reposted with the word "cat" in it, so yeah it might! :)
A quick scroll of his account on Bluesky ( https://bsky.app/profile/urlyman.mastodon.social.ap.brid.gy ) makes it pretty clear why his Discover sucks. The algorithm on Bluesky sorta works like a mirror, you get out what you put in. My feed is all art posts and wholesome memes because I follow artists, creators, and comic pages, so it sounds like he's trained his algorithm to be full of political complaining and toxic people like him. He should probably look into the Mute Words feature and start blocking stuff he thinks is toxic!
Bluesky is the first app built on the ATProtocol, its protocol for federation, sort of like how Mastodon was among the first to use ActivityPub after the overcomplexity of OStatus. The ATProtocol is a few years younger than ActivityPub, so its landscape isn't fleshed out yet. Currently Bluesky caters more towards creators, artists, and social togetherness, whereas ActivityPub tends to lean harder into attracting techies. Both protocols can be run as independent instances, but most people are still using bsky.social for now until more instances pop up and federate together. The process for hosting a Bluesky instance is still undergoing development, but all features of it have been opened up. There exist multiple bridge systems that can interweave ActivityPub with ATProto.
You can run your own relays, the obstacle is that each relay takes up many terabytes. But it's fully open.
https://github.com/bluesky-social/pds
https://news.ycombinator.com/item?id=42094369
https://docs.bsky.app/docs/advanced-guides/firehose
https://docs.bsky.app/docs/advanced-guides/federation-architecture#relay
view more: next ›