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A comment on CEO of a top Bitcoin exchange warns: crackdown on cryptocurrencies may be coming. Parent comment

Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by arcticbull on Monday April 12, 2021 @03:53PM (#26784315)
> I’m not aware of any other digital transaction methods that can send un-printable money besides cryptos.

That's because it's not a useful feature heh. Money is meant to be a medium of exchange and temporary store of value. To the extent it holds its value for the duration of your ownership of it, it's met its goal.

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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by yunesj on Monday April 12, 2021 @04:02PM (#26784433)
Sure, it's a fair argument that gold + paypal may be superior to bitcoin.
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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by arcticbull on Monday April 12, 2021 @04:09PM (#26784511)
You can simplify this even more. Open an InteractiveBrokers margin account and request a debit card. Fund the account, purchase gold (futures, GLD, whatever) and spend on your IBKR debit card. This will pull from your margin. Your margin interest is ~1% and tax deductible. Settle up your account as you see fit.
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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by yunesj on Monday April 12, 2021 @04:29PM (#26784748)
I use IBKR margin, but didn't realize it was tax deductible!? Thanks for the tip!
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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by arcticbull on Monday April 12, 2021 @04:48PM (#26784980)
Yes, you can use it to offset capital gains. Also, depending on your largesse, consider tax-aware borrowing. [1]

[1] https://csq.com/2018/04/geoffrey-berlin-private-wealth-tax-a...

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