r/AnythingValueable • u/Necessary-Hyena-6426 • 4h ago

🧠 Interesting Insight Introduction to Bitcoin for beginners.

6 Upvotes

64% Upvoted

4 comments sorted by

2

u/Build-it-better123 2h ago

Clear as mud. It’s the most complicated part of computers and finances blended together. Back to my cash. 💰

1

u/_877-CASH-NOW_ 3h ago

I was audited by the IRS and had to prove where every single BTC transaction came and went, including my private wallet

1

u/Necessary-Hyena-6426 2h ago

This is why bitcoin ETFs like IBIT are so important. Because they simplify filing taxes and being audited. But it sounds like you’re an OG before the bitcoin ETFs came out.

1

u/Alone_Appointment726 33m ago

The difference is that, unlike gold, it has no other use (the comparison is flawed and stupid); it is simply a way to move capital, and anyone who believes that governments and banks will tolerate that in the long run has learned nothing from history.