Thomas Rossi on Clubhouse

Bio

Founder, engineer, building the open source network for shipments, powered by Bitcoin, eonpass.com

> No one knows whether shipment data is true or fabricated (🦹‍♂️ counterfeits!)
> No open source tool to handle and authenticate shipments (paper bills 📃😭)
> Let’s #buidl it! 🚀




**Bitcoin** FAQ (not financial advice)
-why?
Hedge against inflation, provably scarce and un-tampered asset, un-censorable. Check out Michael Saylor https://youtu.be/li3a7lKRlFk

-how does it work?
Proof of work secures the chain, you need energy to propose blocks, it’s provably expensive for everyone (no cheating with admin signatures or human intervention) and provably stable (economic incentives, no trust required in large owners and founders) more details: https://www.manning.com/books/grokking-bitcoin

-where do I get it?
By mining or purchasing it, purchasing from an exchange will require KYC

-how do I store it?
Use an hardware wallet to generate your keys, possibly never connect that hardware to the internet. Your keys will also have a 12/24 words representation called seed, which you should write and store in a safe place. TEST your seed, it’s your backup when everything else goes wrong.

-privacy?
Bitcoin is pseudonymous, it’s possible to follow coins through wallets and also to bind IP to wallets. You can mix your coins with others’ while making transfers (coinjoin) which creates anonimity sets (you could be anyone inside the set). This approach taints your coins, i.e. other entities may know that you used it. Bitcoin privacy is not easy (yet): https://bitcoiner.guide/privacy/

-taxes?
Holding doesn’t incur in owernship tax in most countries, whenever you sell at a profit (higher price than purchase) you’ll pay a % of the profit varying with jurisdiction. Ask an accountant in your jurisdiction.