Finally an actual gaming chair. Cool. π
Purple Smoke
smoke@stoned420.fun
npub1ke83...5tkd
Pleb Bitcoiner | 0.1x Developer | Noob Gamer
SavingSatoshi.com Nice π


Current challenges with Bitcoin/Crypto in India:
1. You are taxed a flat 30%, plus a 4% cess and 1% TDS on profits from Bitcoin.
2. You cannot offset your losses. Even if your net profit is zero or negative in a financial year, you must still pay taxes on profitable transactions, and your losses will be ignored.
3. You can only buy crypto from Indian exchanges. If you attempt to purchase from international exchanges, your bank will always decline the transaction. However, you can still engage in peer-to-peer (P2P) transactions on international exchanges.
4. When buying from Indian exchanges, you must complete KYC, and you are not allowed to withdraw crypto to a non-custodial wallet.
5. If you buy crypto via P2P on international exchanges, these platforms are required to share all transaction data with the Indian government. You may then face up to a 70% tax (including penalties) on the total crypto value, not just the profit, due to the lack of proper documents or purchase receipts in P2P transactions.
6. If you buy crypto via P2P on decentralized exchanges (DEXs), the government tracks sellers and their bank accounts. If you send money directly to a seller online, there is a high chance your bank account will be frozen. You would then need to visit the cyber cell to explain the transaction to unfreeze your account. If you cannot explain the transaction or mention crypto, you may face up to a 70% tax.
7. In the case of P2P online transactions on DEXs, there is a high risk of receiving illegal funds, which could result in a lien or freeze on your bank account. That's why most sellers not accepting online payments.
8. So the only option for buying crypto in India is through face-to-face deals using cash. However, this carries the risk of getting robbed, especially when dealing with large amounts or if you are new to the process.
Yes, itβs a complete mess.
Despite all these challenges, more and more people in India are buying Bitcoin every day and that makes me happy. π
#bitcoin #india
#btc #sat π


RoadCraft was cracked and leaked just after 2 hrs of its launch.
It is the golden age of piracy and I love it.π
#gaming #gamestr #piracy β οΈ
#bitcoin #dollar


It has always blown my mind when people have to worry about affording games, especially if they aren't multiplayer.
#gaming
Ok


#bitcoin #advice
Some people have the problem of looking for home runs when the real way to win is consistently making singles.
Solution: every time you want to gamble on a risky investment you have to buy an equal amount into Bitcoin which you will plan to hold for at least 4 years. Example, you want to throw $1000 into a basket of risky shitcoins. So in order to do that you need to first buy $1000 in Bitcoin and if you donβt have $2000, then you would have to split the $1000 and do $500 in Bitcoin and $500 in shitcoins.
After a couple years youβll be able to look at the balances of both those accounts and I can almost guarantee your need for finding greater returns than Bitcoin will disappear.
In circuits deep, where freedom hums, A rebel coin, Bitcoin, comes.
No bank's decree, no ruler's chain, A ledger shared, where truth remains.
Peer to peer, the network thrives, In code we trust, the dream survives.
Miners weave, with math precise, A golden thread, immune to vice.
Then Nostr rises, bold and free, A voice for all, no censorship's decree.
No central hub, no gate to close, Just lightning strikes where freedom flows.
Posts and keys, a sovereign spark, Illuminating truth through the dark.
Bitcoin's pulse, Nostr's cry, Together soar, where eagles fly.
No lords above, no chains below, In bits and bytes, our futures grow.
A world remade, where power shifts, To hands of those who wield these gifts.
#bitcoin #nostr #poem
People needs to understand this. 
