Getting taxed after selling assets that “appreciated” in value but due to inflation leave you with less buying power.

This is a hypothetical for any asset — a house, crypto, gold, art, etc.

Say you buy an asset for $100 years many ago. Today, it is “worth” $150, and you sell it. You get taxed on the $50 capital gain.

However, let’s say that due to inflation, that total $150 you got for selling the asset actually has only HALF the buying power of the original $100 investment you made, so, the asset did not keep up with inflation.

You’ve lost buying power, AND you have to pay taxes on the capital “gains” leaving you quite worse off.

I know this is just the way it works, but wanted to share the thought.

Submitted August 27, 2021 at 11:46PM by Peacewise https://bit.ly/3gGj4RZ

Is Bitcoin is the first geopolitically self-sovereign asset on earth?

Realestate is tied to the country it is located in.Stocks and securities are tied to the country their exchange is located in.Bonds are tied to the issuing government of the country that issues them.Gold is tied to the country where the vault you store it in is located.Cash is tied to the monetary policy of the country that issued it.There is no other asset on earth that exists completely outside the control of all countries governments while simultaneously being able to be stored in multiple jurisdictions all over the world at once and is able to be moved instantly all over the world in seconds.This makes bitcoin arguably the best form of property on earth inherently upholding the strongest form of property rights while being the one asset with the least geopolitical risk on earth.If thats not the worlds supreme safe haven asset I don't know what is. via /r/Bitcoin https://bit.ly/2Y69Ub9

The First Bitcoin ATM Designed and Built in El Salvador

https://bit.ly/3DlXc8n

Submitted August 27, 2021 at 07:53PM by DaVibes https://bit.ly/3gFNAM2

Cuba's central bank now recognizes cryptocurrencies such as bitcoin

https://cnb.cx/3gCZ5DM

Submitted August 28, 2021 at 04:36AM by Major_Bandicoot_3239 https://bit.ly/3gDO2uf

'No one has money.' Under Taliban rule, Afghanistan's banking system is imploding

https://cnn.it/3Dz8WEL via /r/Bitcoin https://bit.ly/3yokjLM

Jack Dorsey CEO of Twitter and Square is Building a Decentralized Bitcoin Exchange.

Non-custodian Bitcoin wallet anywhere in the world through a platform to build on- and off-ramps into Bitcoin.

https://blockworks.co/jack-dorsey-tbd-will-be-open-platform-for-decentralized-bitcoin-exchanges/

Submitted August 28, 2021 at 04:42AM by maniparusu https://bit.ly/3gHrW9Y

Bitcoin Can Fix Global Wealth Inequality — The Experiment Will Begin in a Few Days in El Salvador. Success in El Salvador would trigger an unprecedented wave of Bitcoin adoption among developing countries.

https://bit.ly/3koEmVe

Submitted August 28, 2021 at 12:42AM by sylsau https://bit.ly/2XTXm6w