brypto

midwits

re: kaito 

sell shaming is now encouraged on CT—another interesting development

while some of you may disagree, i never did that; but i have, in fact, called out & encouraged folks to be more thoughtful in their liquidations here given the size of our eco

again, im not delusional just a bit off; i understand the game we play & utilmatley, my words are worthless: people are going to do what they want

alas, sell shaming is no different than handing pitchforks to the mob & leaning into ai to do so is incredibly dumb & establishes a dangerous precedent (eg. praise or get scolded)

once again it shows that we will do anything besides creating positive-sum incentives & value-add systems (i know, i know, regulation)

end of the day, you can buy users but you cannot buy loyalty, you must create it—not yap it into existence

it’s not about preventing the sellers, it’s about positioning & crating value for the buyers

broken record here, but on a long enough timeline, attention goes where value flows

In the U.S., an airdrop is considered taxable income based on its value as soon as you click the claim button.  

Example 👉 If I claim $1000 and sell, then I pay income tax on $1000. If I claim and the token goes to 0, then I still pay taxes on $1000. 

IMO, this needs to change so we’re taxed on the sell value, but it is what it is right now. 

Different counties have different rules and regulations. 

Stop sell shaming people. Everyone’s situation is different.

𝔽𝕚𝕣𝕖 𝕕𝕒𝕟𝕔𝕖𝕣, 𝔸𝕣𝕥𝕚𝕤𝕥 & 𝕐𝕠𝕘𝕒 🔥

I want more "claim and sell 25%" buttons so we can just handle the taxes RIGHT THEN

thats a good take, i never saw the incentives from this angle.

Weird, didn't know about these rules through airdrop taxes

Ouch. That’s awful to hear 😢

200 $degen

Exactly, I didn't sell any of my degen airdrops last year and i have to pay taxes on those as income. Today, they are down at least 70% in value. I would've been better off selling as soon as i got them but i held on because i believed in it. LOL