- Joined
- Mar 17, 2020
Wtf I love gambling now? About to make an account and get rich, bye losers.
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Wtf I love gambling now? About to make an account and get rich, bye losers.
This has the same energy as saying an alcoholic is dumb for not just quitting cold turkey because it would save them money and make them healthier. Addiction and logic are not compatible. What people like you fail to understand is that the kind of person to quietly squirrel away money in a saving's account never would get to 200k on coin flips in the first place, the only kind of person that gets that far is the kind of person that will keep playing. If that was you, you'd probably have stopped the moment you turned $180 into $720 and it would be sitting in a high yield account.This dummy could’ve just dump the 200k into a high yield savings account and literally make 5-7k sitting on his ass. Then again its bossman were talking about
True, it’s impossible for anyone with a normal iq to understand. If I depo’d $100 and doubled it, I’d quit. All I see is an absurd 200% returnThis has the same energy as saying an alcoholic is dumb for not just quitting cold turkey because it would save them money and make them healthier. Addiction and logic are not compatible. What people like you fail to understand is that the kind of person to quietly squirrel away money in a saving's account never would get to 200k on coin flips in the first place, the only kind of person that gets that far is the kind of person that will keep playing. If that was you, you'd probably have stopped the moment you turned $180 into $720 and it would be sitting in a high yield account.
"BMJ JUST MADE, AND LOST, A WHOLE ASS MILLION DOLLARS!"This is just gonna keep escalating til Bossman is going to have locked his parents out of the house while he's doing $50k coin flips and then footage is gonna be leaked of Rekieta doing drugs with Nancy Pelosi or some crap that's even more ridiculous
BMJ is the closest thing we will ever have to a human cartoon though, no matter what happens he resets to where he started by the end of the episode, no matter how ridiculous it gets
Bossman has the perfect strategy to avoid paying taxes. Look, RAT, you don't have to pay taxes on gamba winnings that you then immediately lose on more gamba. That's why your mom's pussy SQUIRTS for him, he's so smartgonna go out on a limb here and say it'd be nice to not have this thread featured until he's lost everything. will only take another ~24 hours anyway, just because he's "sleeping and showering" right now.
in the meantime, has anyone considered the taxes????
If I understand the law correctly (which I probably don’t) crypto isn’t considered taxable income until you sell it for fiat, sell it for another type of crypto, or stake it. It’s also taxable if you get paid in crypto which would include his $8k per week.in the meantime, has anyone considered the taxes????
I chose Ganesh because he is known to remove obstacles and bless people for new beginnings. I forgot that he can also choose to place obstacles for people who deserve it. I think he decided that bossman would've just spent all the money on crack anyway and let him gamble it all away...I have sacrificed a coconut to Ganesh for Bossman this morning, I hope he gets that Civic and gets off crack.
Everything is a taxable event. Don't get me started on how this makes DeFi borderline impossible to calculate taxes for. Imagine explaining to the IRS your justification for how you calculated the cost basis of the $BUTTAIDS you sold for $CUMMIES that you got air-dropped after buying a shitty NFT, none of which are actually valued in or traded in USD. Not an American? Better calculate your local fiat, convert it to USD, convert it to BTC, convert it to ETH and then finally maybe you'll figure out your cost basis in a fictional world where this things are meaningfully liquid.If I understand the law correctly (which I probably don’t) crypto isn’t considered taxable income until you sell it for fiat, sell it for another type of crypto, or stake it. It’s also taxable if you get paid in crypto which would include his $8k per week.
From the looks of it, he probably won’t be responsible for taxes on the full $180k because he never truly cashed out to fiat. It truly depends on how much he loses before selling his crypto for USD.
Regardless, it looks like his crypto wallet platform Exodus doesn’t report to the IRS. Even though he would be responsible for what he cashes out, its likely that he won’t bother thinking about it unless they send him a tax form. Uncle Sam is a fucking rat, anyway.
If anyone has a better understanding of crypto taxes please correct me.
For all the talk I see about rigging I never see anyone mention that pretty much every crypto-based casino uses "provably fair" system where results can be audited: https://help.shuffle.com/en/articles/9286042-provably-fair-overview
That said Austin seems to just be sitting in tether and I don't think he'll have any meaningful capital gains/losses. I believe he does need to pay income tax on the winnings.
This only matters if: 1: Anyone bothers to check it, and 2: Bossman reveals his client seed, the server seed, and then rotates seeds so the previous server seed can be unhashed. And even then this only tells you if the casino is trying to rig it against him. The casino can just as easily give Bossman the unhashed server seed and he would be able to predict every roll and get crazy wins for his stream. Or if he never reveals his seeds then they could just forgo the RNG entirely and just make it so he wins more often without telling him. In either of those cases outside of statistically analyzing his gameplay no one would ever have any way of knowing, and even then it is possible he just got lucky.For all the talk I see about rigging I never see anyone mention that pretty much every crypto-based casino uses "provably fair" system where results can be audited: https://help.shuffle.com/en/articles/9286042-provably-fair-overview
He's too retarded to order Doordash, unless theres someone texting him the correct bets he is not smart enough to cheat subtleyThis only matters if: 1: Anyone bothers to check it, and 2: Bossman reveals his client seed, the server seed, and then rotates seeds so the previous server seed can be unhashed. And even then this only tells you if the casino is trying to rig it against him. The casino can just as easily give Bossman the unhashed server seed and he would be able to predict every roll and get crazy wins for his stream. Or if he never reveals his seeds then they could just forgo the RNG entirely and just make it so he wins more often without telling him. In either of those cases outside of statistically analyzing his gameplay no one would ever have any way of knowing, and even then it is possible he just got lucky.
Of course I don't believe any of this is happening with even somewhat reliable sites, but no one has any real way of saying for absolute certainty one way or the other.