/biz/ - Business & Finance

Good Morning Goyim

Finally FINALLY I get to brag about my 500k gains this year without
>Everyone makes money in a bubble anon you aren't special
>Lol you aren't a trader anon it's a fucking bull market calm down
Fuck all of you. I've waited for this crash if only to brag how I've made 500k (remember to normies this is decent money, not to /biz/ I know) without them thinking I'm just riding a fucking bubble.

Here's a thought.

USDT now functions as an ERC-20 token too and the ETH version of USDT can be transferred via the Ethereum blockchain.

>Take all your Bitcoin gains
>Sell them for USDT of the ETH variant (on sites like gate.io)
>Send USDT to a private ETH address
>Write a smart contract on ETH such that every time you spend ETH from a different address (say via a cryptocurrency debit card), it automatically converts the USDT you have into the equivalent amount of ETH on the USDT address and sends it over to the ETH address from which you were spending
>Intentionally lose the USDT address
>You now no longer have access to your crypto gains and for tax purposes you have lost all your money

Tell me why this wouldn't work for taxes?

Or just buy those debit cards that work with USDT I guess. Is the FUD against Tether just government propoganda?

Tether can only be truly tethered to US dollars when its market cap equals all the money in the world.

Prove me wrong.
>Protip: You can't.

>>6517006
>they are called banks
The second you put your money into a bank, you no longer own that money.

The IRS relies heavily on people reporting honestly anyway. The banks just "help" them.
Anyway is this legal or not?