Chan Wei Xiang

Nil

[Chan Wei Xiang @nicegreenbear]

@masterleong888 @amosyeeishere Hopefully for what ever reason they put him back in.

[Peter Girnus 🦅 @gothburz]

I am a Web3 Ambassador at World Liberty Financial.

There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance."

600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President.

The distance is my best work.

I am the reason these events are unrelated.

World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence.

Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated.

Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated.

Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated.

Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated.

Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard.

On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well.

The team page lists 3 Witkoffs. All 3 are Co-Founders.

Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial.

His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded.

The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency.

Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name.

On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio.

Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job.

600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access.

A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25.

My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper.

The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family.

I am the reason these events are unrelated.

[Chan Wei Xiang @nicegreenbear]

@fisher_fu08 @3WorldGlobal_ So beautiful

[Chan Wei Xiang @nicegreenbear]

@ASvanevik In Singapore we have sdax, addx, digift which uses block chain technology and issue securities onchain

In the defi world, there are sanctioned entities behind anonymous wallets.

Tax authorities can’t tax change of ownership

There is no defi world regulator yet

[zen @Zen_EVOLVE]

@CollaterizeHQ 预计将成为 RWA 领域的一股新力量，因为它将所有产品无缝连接到其应用程序中，并为终端用户提供简便访问。这项创新有望解锁价值数万亿美元的资产。

以下是具体原因和优势 👇👇👇

[Chan Wei Xiang @nicegreenbear]

@wassielawyer Thanks for entertaining @elonmusk

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

Mmm, I can have my #Bitcoin and eat it too! ...with BITCOIN LAYERS 🍰 😋 Many projects are scaling Bitcoin's productivity, with @Stacks and ICP leading the way (imo), however not all meet technical standards to be considered a genuine sidesystem.

The https://t.co/8Xjsw4KMlX risk analysis initiative has established minimum standards to determine what qualifies as a true Bitcoin Layer. These include having an official, federated 2-way peg with a disclosed operator set, among other trust and security benchmarks. Many well-known projects - Merlin Chain, Bsquared Network, Rollux, and others - fail to meet these requirements and are now being reclassified as alternative chains.

Stacks, however, satisfies these criteria, firming its position as a Bitcoin Layer. This is recognition of Stacks’ role in creating Bitcoin-native solutions that inherit Bitcoin’s security while enabling innovation through smart contracts, decentralised apps and more.

For those of us advising businesses and startups, this distinction matters. Unlike financial advisers who may be appropriately focused on “Bitcoin Only” investment strategies, accountants help clients unlock value from their assets to grow their businesses.

Bitcoin Layers like Stacks and its sBTC protocol are where businesses can innovate with income-generating digital assets that stay grounded in Bitcoin’s security. The Bitcoin on their balance sheet can be used in commercial applications to make more Bitcoin.

Tim Draper once likened Stacks to early Microsoft. For those of us who remember the early days of the internet, it’s clear what he means. Just as Microsoft enabled businesses to harness the internet for growth, I think Stacks will lead businesses to integrate Bitcoin into their operations - making Bitcoin more productive across the economy.

I also see the potential of Stacks sBTC inspiring the design of new currencies to run on Bitcoin rails, leading to a universal Bitcoin unit-of-account and global reserve asset (everything divided by 21m).

The role of an accountant in this emerging economy goes far beyond compliance. We focus on governance, internal controls, and managing risk. The Bitcoin Layers initiative’s emphasis on trust assumptions triggers our instincts. Businesses navigating these technologies need guidance, not only on what they can do with Bitcoin but also on the risks they take when using Bitcoin Layers and sidesystems.

This is why I’m not “Bitcoin Only.” I’m Bitcoin Everything. Bitcoin Layers like Stacks are the bridge between Bitcoin’s foundational strength and the growing need for productive use cases in a digital economy.

For accountants advising in the Bitcoin economy, this is where we find our place - helping businesses make smarter, more informed decisions while keeping their Bitcoin safe.

...
This post was a fun excuse to play with Canva. Now I have to get back to work... trying to do the accounting for these transactions is like losing cake-binge weight gain 😆

[Chan Wei Xiang @nicegreenbear]

@wassielawyer For everyone, he pardoning a lot of people

[Chan Wei Xiang @nicegreenbear]

@ArieWindmill @Sentdex So drones can carry missle but not water? Anyway maybe the answer is for drones to carry some firefighting powder.

[Chan Wei Xiang @nicegreenbear]

@accountantquits @Electra_Frost U cracked it! Treasury course! U know what people want to pay for!

[wassieloyer @wassielawyer]

1/ Foundations for Web3 projects - what they are, what they are not and why you even use them.

In crypto law, the 'foundation' is one of the least understood and most expensive products sold to founders.

Oftentimes, it feels like most lawyers themselves do not understand it.

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

Subscribe to receive the FIRST BUZZ in 12 hours from now! https://t.co/MIW91JcZOm
Features: @pacioli_ai @HQ_xyz @accountantquits crypto accounting academy #BitByBit Bitcoin accounting CPE news, and good books. Share with every crypto-curious accountant. Let's AMP this!

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

@nicegreenbear @thenetworkstate Part of an interesting discussion topic on tax for foreign founders setting up: Singapore companies paying dividends are not taxable for foreigners.
Source: https://t.co/lW2P9zXYRL

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

@nicegreenbear @thenetworkstate "Tax exemption for new start-up company (First three years)
·       75% exemption on the first $100,000 of normal chargeable income; and
·       A further 50% exemption on the next $100,000 of normal chargeable income."
Source: https://t.co/oqWzzQqb2S

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

Thanks, @nicegreenbear, for this comprehensive article written in Nov 2024: https://t.co/BfFncP0EuU

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

@nicegreenbear, founder of Web3 Accountant, visited us at #thenetworkschool to explain SETTING UP A COMPANY IN SINGAPORE. Our @thenetworkstate aligned school is a hub of digital nomads and entrepreneurs in blockchain, web3 and AI. Wei generously shared his experienced and qualified insights on the pros and cons of Singapore incorporation, tax incentives and ACRA compliance.

With @sharonlourdes also discussing her Singapore founder experience with the attendees, Wei emphasized financial best practices for startups and the importance of using the right accounting software and expert service providers from Day 1, such as @HQ_xyz and @ElectraFi_

Many Q&A's followed, with founders from different countries looking into consolidating and establishing their projects with a Singapore entity. Some of the answers are included below in the comments with some informative articles 👇

Thanks again @nicegreenbear for travelling over the border to meet with us, and for letting us know you have the knowledge and connections to support our community's success and growth in this region. You're a top bloke, as we would say in Australia!

Contact me or Wei if you seek assistance on related matters.

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

Onchain is the new online. We can build the onramps for everyone at #thenetworkschool 🪄 The @coinbase Base team was here with @jessepollak, lead developer, in a fireside chat with @balajis to inspire us into action!

Some great takeaways:

🪄 Perspectives: Crypto makes conservatives more progressive and progressives more conservative. We unite though shared financial incentives.

🪄 In the 2000's we went from offline to online. The 2020s mark a transition from online to onchain systems, with value and operations on public ledgers.

🪄 Open state and open execution: Going beyond open-source software, so anyone can verify and interact with data and processes in a decentralised manner, on serverless world computers.

🪄 Onchain payments and consumer social products: Viral apps, stablecoins, and AI-driven onchain wallets will be major drivers of crypto adoption, allowing for new ways to transact and create value.

🪄 Government currencies will have to offer more incentives for people to use them, and will also be innovated onchain.

🪄 Fairer value for creators: shifting value from large corporations back to creators with more equitable distribution through decentralised platforms.

🪄 AI and autonomous agents: Use AI with onchain wallets, zero-knowledge and cryptography for AI agents that are more trusted and efficient.

Preparing and looking forward to 2025 here, building @thenetworkstate solutions with these brilliant people.

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

Janelle and I from @ElectraFi_ enjoyed a wonderful, authentic Singapore feast with our #web3accountant friends after Day 1 of the Accounting & Business Show Asia. Thank you for treating us, @nicegreenbear! We are restored and ready for Day 2.

[Web3 Accountant @accountant22264]

🌟 Have you ever wondered how Web3 can revolutionize your accounting practices? Imagine a world where financial processes are not just automated, but also secure and transparent.
🚀 Join our online meeting—what excites you about the future of finance?

[electrafrost.btc 🟧 Network School V1-V2-V3 @electra_frost]

#thenetworkschool ✂ Cutting the ribbon at The Network School's GRAND OPENING, for the dark talent of the world to earn their crypto-credentials. Balaji Srinivasan and Bryan Johnson welcomed Cohort 1 into the new coworking, learning and events space.

Now we Learn, Burn and Earn while building our contributions to the The Network State vision!

I'm here for the next 90 days doing my bit while working online and presenting Bitcoin for Accountants livestreams (launching soon).

I'm excited to learn from some of the world's smartest people how to start a global decentralised professional association. This been on my mind since a cyber-seed was planted in 2021... probably from listening to a Balaji talk.🌱

It's such as incredible privilege to be here... 🤯
I can't even describe it yet. I'll stay in listening-mode for a while.

Highly recommend listening to the podcast with Raoul Pal & Balaji for a NETWORK STATE deep dive, to understand what is happening in the world and get a sense of the shared ideologies here (see comments)

NOTE: Our island location near Singapore, as a Special Economic Zone, has ZERO TAX for family offices and concessional tax rates for corporates and individual knowledge workers, positioning us in a very competitive financial hub...

Think Silicon Valley without San Francisco.
🌏🤔💡