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Cedric Youngelman ⚡️
Family man. Host of The Bitcoin Matrix Podcast @_BitcoinMatrix
Cedric Youngelman ⚡️ kirjasi uudelleen
When I got into bitcoin I was being told 6.15 by @americanhodl8 and stay humble from Odell..he even helped me with my first cold storage questions… I feel like we (class of 20-21) are failing the newbies.. what are they getting from us? Those guys were legends. We’re retarded
6,47K
Cedric Youngelman ⚡️ kirjasi uudelleen
Something to think about :
A car is sold in Denver brand new for $50k.
The buyer pays sales tax and registration of about $6000. And another $3000 for 2 more years of registration.
The original buyer sells it in 3 years for $35k .
The 2nd buyer pays $4500 in taxes and registration and holds the car for 3 more years at a cost of $2000 more in registration fees.
The 2nd buyer then sells the car to the 3rd buyer for $25k . That 3rd party now pays $3000 and holds it for 3 years for $1500 in additional registration.
So . Now at this point after only 8 or 9 years the government has received $20k of tax revenue on a $50k product .
That is what we call theft .
1,22M
Cedric Youngelman ⚡️ kirjasi uudelleen
10-year old kid knocked on my door
Offered to mow my lawn for $20
I love encouraging young entrepreneurs
So I hired him to mow all 10 houses on my block
Paid him $200. He was grinning ear-to-ear.
Then I charged each neighbor $125 for a "premium lawncare service"
I made a $1,050 profit by arbitraging labor
Welcome to capitalism, kid
3M
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