Bitcoin : Soliciting the collective wisdom of the Bitcoin community to answer a question.
Assumption #1:
When you’re past due owing the IRS taxes, you have to pay an annual 12% interest on top of the principle.
Assumption #2:
With almost 10 years data now, we see Bitcoin averaging an annual return of 2244%, but more useful, a “median” annual return of 377%. (https://www.reddit.com/r/Bitcoin/comments/79bk25/every_year_since_inception_bitcoin_has_provided/)
Conclusion:
So, if we withhold paying the IRS for one year, we earn about (377% – 12% =) 365% profit in one year.
Community Discussion:
Why aren’t we doing this?
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: mkuraja
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