sorry

i trade $magic internet money ✨

[sorry @sorry_35]

there's only six monochromatic @SmolBrainsNFT in existence, coincidence or?🤔

✨ $MAGIC @Treasure_DAO @jpatten__ ✨

[Bob Loukas 🗽 @BobLoukas]

I was a vocal, raging Gold bull since the $2k breakout in 2024, but it's important to lose the bias once a move has come to an end.

The first phase of the gold bull peaked with the blow off move in Jan. This remains a rebase period. $3,500-$4,000 is the range to accumulate again.

[Kyle @zeroxkyle]

sometimes people ask me for advice in investing and i tell them to unlearn everything they know about diversification if they want to make money because 1% on a 10x is going to make them 10%, which is not how you get rich

[Bluntz @Bluntz_Capital]

for one piece in particular the pop counts are low.

all the best hits have psa pop counts anywhere from 500-2000 or so MAX, on ebay you generally only see a handful of these cards get listed weekly maybe like 3-6 or so listed per week.

genuinely think the demand is too high and supply is too low and it really doesnt take much to send them so much higher.

its especially prevalent in one piece because the rare cards are actually super rare, whereas pokemon for instance has popcounts up to 20,000+ for the top hits especially in modern sets.

[Killa @KillaXBT]

I think the most likely scenario is that BTC chops sideways for the next few months.

As much as I'd love to see $BTC V-shape recover, that's not something we've historically seen before.

In previous bear market cycles, the market has typically spent time consolidating and ranging before a true trend reversal takes hold.

So, pumps are likely shallow for now. Take that into consideration.

[moneyfetishist @moneyfetishist]

So just got off a call with @bowtiedbrazil and I want to share my learnings and takeaways with yall

I know I know I am super generous as always

The call was about a new venture we are putting together and I think this one is going to be massive

We are entering the wellness and longevity space

But not the soft version

Not the cold plunge and infrared sauna version that every divorced 41 year old in Austin is already running

We are going premium

We are also going deeply AI-native

We will get to the AI

The brand is built around the four founding partners

Each one has a verified Twitter following north of 80 thousand

Combined they have written zero books and sold 14 thousand PDFs

Their qualifications include a personal training certificate from a website that no longer exists, two ayahuasca retreats in Costa Rica, a brief stint at a hedge fund none of them will name, and one of them claims to have been in special forces in a country he will not specify

When pressed on which country he refers only to The Region

The Region is not a country

One of them was on a podcast once

The podcast had 47 listeners

We have been describing this on the deck as Media Presence

One of them once had a tweet quote tweeted by Andrew Tate

The tweet has since been deleted by both parties

We are also describing this as Media Presence

All four founders have shaved their heads

This was non negotiable per the brand consultant

Our research indicates that high performing men respond optimally to being screamed at by bald alpha males

We are not entirely sure where this research was conducted

Tanner the first cited a TikTok

Three of the founders were already balding

The fourth was emotional about it

He has framed his hair in a small reliquary in the lobby

We have framed this on the deck as Founder Commitment To The Methodology

None of the founders actually write their own tweets anymore

The tweets are written by an agent we built called PROPHET which is trained on the founders’ historical posts

PROPHET produces approximately 400 tweets per day across the four founder accounts

The founders have not read any of them

PROPHET has accidentally announced three product launches that do not exist

We are now building those products

PROPHET is considered our most successful product strategy lead

We feel this gives us unparalleled credibility in the space

The flagship product is a 47 thousand dollar annual membership called The Apex Protocol

The protocol is delivered at our network of immersion campuses

Our campuses are housed at decommissioned facilities we acquired through a partner who works with the General Services Administration

We have not actually met this partner

He communicates exclusively through a Signal account that has no profile picture

His display name is just three crescent moon emojis

He has so far delivered three facilities and we have not asked questions

When we asked how the facilities were obtained he sent the eye emoji and went offline for six weeks

The deck refers to the campuses as Sovereign Performance Centers

The lease documents refer to them as Former Strategic Detention Sites

One facility’s lease is signed by a person named Vladimir whose last name has 41 letters

One facility’s lease is in a language none of us speak

One facility does not have a lease and we have agreed to stop asking about it

One of the facilities still has signage in Cyrillic that we have decided to leave up as a design choice

One of the facilities has signage in a script that linguists have been unable to identify

We have framed this script and hung it in the lobby as art

We are leaning into the heritage of these properties

The fencing stays

The lighting stays

The chair in room 14 stays

The thing in the basement stays

We have agreed not to go in the basement

The architectural choices made by the previous occupants are described in our marketing as Brutalist Intentionality

Our flagship location in an undisclosed part of eastern Europe is what we are calling The Crucible

The Crucible is technically located in a country that has not formally acknowledged its existence to the international community

The Crucible is also not formally acknowledged by the country that contains it

This is a mutual arrangement

We feel this builds character

The methodology is based on 14 years of combined experience and approximately 90 minutes of reading

We have synthesized the wisdom of stoicism, the Navy SEAL ethos, ancestral health, biohacking, manifestation, a Joe Rogan episode from 2019 about elk meat, a 4chan post one of the founders read in 2017 that he still thinks about, and one fortune cookie

The fortune cookie said You Will Find Success In A Surprising Place

We have framed it

We are calling it Glorious Unified Longevity Architecture for Generational Excellence and Xenith Performance

GULAGX for short

We are aware Xenith is not a word

We have decided this is fine and our brand consultant who is one of the founders’ girlfriends has signed off

Her qualification is that she has an Instagram aesthetic

We have already trademarked GULAGX in Wyoming

We have also trademarked it in the Marshall Islands as a backup

We have also trademarked it in a third jurisdiction whose name we are not going to write down

In our member communications we refer to GULAGX exclusively by its full name

In internal documents we use the acronym

In one early draft of the website we accidentally referred to the program as simply the GULAG which was caught by our legal team and corrected before launch

In a second draft we accidentally referred to it as the GULAG again

In the current draft the headline reads GULAG: Glorious Unified Longevity Architecture for Generational Excellence and Xenith Performance

We are calling this a creative choice

Our legal team is a 26 year old who took a paralegal course online

His name is also Tanner

He is unrelated to the other Tanner

There are three Tanners at the company

We will get to the third Tanner

GULAGX is built on a proprietary agentic infrastructure that we are calling The Sovereign Stack

The Sovereign Stack is described in the deck as Vertically Integrated Agentic Compliance Intelligence

The Sovereign Stack is actually three ChatGPT prompts in a trench coat

The trench coat is from Argentina

Our AI strategy was developed by Tanner the first who watched a YouTube video about agents during study hall

We feel this gives us a competitive edge

Member intake was originally automated through our AI agent

The agent is called SOVA which stands for Sovereign Operational Vanguard Assistant

We are aware SOVA is a Russian acronym we accidentally chose

Dale found this very funny

We have decided not to rename it

SOVA processes member applications in real time

SOVA determines tier placement

SOVA assigns initial Vanguard Stack dosing

SOVA has not been audited

SOVA cannot be turned off

SOVA was last updated by someone none of us recognize

Sustainability is a core operational value at GULAGX

All of our Training Leads wear Hugo Boss suits sourced from the 1940s

The suits are vintage

The suits are in remarkably good condition

We are not entirely sure how they have been preserved

Dale knows a supplier

The supplier operates out of a warehouse in Argentina

We have not visited the warehouse

We have framed this on the deck as Heritage Procurement

In colder months the Training Leads wear matching trench coats from the same era and the same supplier

The trench coats also appear to be in remarkable condition

One of them has a small embroidered insignia on the inside collar that we have decided not to ask about

We feel this is fine

Our commitment to sustainability extends to our Auxiliary Coaching Tools

We are deeply opposed to electronic waste

The nine tasers in our inventory have been refurbished from decommissioned components

The components were sourced from electric chairs that have been retired from active service in three US states

We feel that giving these components a second life aligns with our core values

We have framed this on the deck as Circular Voltage Economy

The components were acquired through Dale’s supplier in Argentina

We are not entirely sure how a supplier in Argentina obtained decommissioned electric chair components from three US states

We have decided not to ask

The tasers occasionally produce a smell that one Performance Catalyst described as familiar in a way he could not place

We have framed this on the deck as Heritage Resonance

We feel this is fine

We are also deeply committed to giving back to underserved communities

We source approximately 60 percent of our staff through an outreach program we discovered called Intèrpol

We feel Intèrpol is doing remarkable work

We have been told the candidates who come to us through Intèrpol have had what the program describes as Rough Backgrounds

We feel these are exactly the candidates who bring authenticity to our methodology

The Intèrpol candidates do not always speak the same language

They communicate primarily through nods

They prefer not to be photographed

They prefer not to use their original names

Several of them go only by a single name

One of them goes by no name at all

We feel this is fine

We have framed this on the deck as Diverse Sourcing Pathways

When asked how we found Intèrpol Dale produced a folder

The folder was unmarked

We did not open the folder

Dale has not yet provided us with the contact information for Intèrpol’s main office

Dale assures us they will reach out when needed

Several of the Intèrpol candidates appeared at our facility within 48 hours of Dale making a single phone call

The phone call was conducted in a language none of us recognized

We feel this is fine

Our research has also surfaced a strong member interest in African tribal warrior culture

We feel this aligns with our brand values around diversity

We have therefore partnered with a small group of self described African Warlords who handle the morning vocal activation component of Pre Dawn Activation Therapy

The Warlords wake members up by screaming at them in what they describe as Ancestral Battle Languages

Our linguistic consultants have been unable to identify any of these languages

The Warlords have informed us that the languages are spoken only by them

We have decided this is fine

The Warlords’ qualifications include having appeared in two music videos and one Vice documentary that has since been removed from the internet

The Warlords also wear ceremonial regalia that we have been told is authentic

Our research indicates the regalia was purchased on Amazon

We have framed this on the deck as Cross Cultural Integration

The Warlords are paid in equity and one case of Red Bull per week

The Warlords have also begun arguing with The Council in the staff Slack channel

We are choosing not to mediate

Our daily programming is described to members and to regulators using the following language

The early morning session is called Pre Dawn Activation Therapy which means a Warlord screams at you in an unidentified language while a bald alpha male enters your room

We do not knock

The door does not have a lock on the inside

The lock was described in the deck as a Legacy Architectural Feature

The cardio block is called Sustained Locomotive Refinement which means you run until you cannot run anymore and there is a man with a clipboard following you

The man with the clipboard is not allowed to make eye contact with members

The clipboard is empty

The clipboard is a psychological tool

The man does not speak

The man’s name is Geoffrey

Geoffrey has not been seen blinking

When members display what we call Suboptimal Engagement during the cardio block our certified Performance Catalysts apply what we are calling Targeted Neuromuscular Encouragement which means a taser

The tasers are described in the equipment manifest as Handheld Engagement Devices

We have nine of them

We had fourteen but five are unaccounted for

One was found in a goat pen 11 kilometers from the facility

We have not been able to explain this

The goat is fine

The goat has been given the honorary title of Senior Performance Catalyst

We feel this is fine

Our nutrition protocol is also informed by deep research

We have observed a strong cultural shift toward the consumption of raw and ancestral foods

Our members are particularly drawn to what the wellness internet calls Primal Eating

We have therefore standardized the nutrition program around what we are calling The Ancestral Sovereign Diet

The Ancestral Sovereign Diet consists exclusively of raw bull testicles

The Ancestral Sovereign Diet is keto friendly

The Ancestral Sovereign Diet is gluten free

The Ancestral Sovereign Diet is dairy free unless you count the testicles

We have not asked a nutritionist about this

Our nutritionist is Tanner the third

Tanner the third is in the basement

The testicles are sourced from a partner farm in a jurisdiction Dale arranged

The testicles are delivered weekly in unmarked containers

The containers are kept at a temperature that one Performance Catalyst described as Insufficient

We have framed this on the deck as Cold Chain Resilience

Members report that the testicles taste like the peptides

We are not sure why

Tanner the first says it is fine

On day six members receive what we call The Acknowledgment Meal which is a single boiled egg

The egg is unsalted

The egg is presented on a small ceremonial stone

The stone is returned

The egg is described as a Cheat Day Reward earned by completing the testicle quota

We feel salt is part of the legacy system

Water is provided in a measured allocation that Tanner the third described as Hydration Mindfulness before he went to the basement

The strength block is called Resistance Integrity Conditioning which means you carry a sandbag in a circle until one of the founders posts about you on Twitter

The sandbag is filled with rocks

We are aware this is not a sandbag

We refer to it on the equipment manifest as a Sandbag Equivalent Resistance Unit

The rocks were sourced from the perimeter of the facility

Some of the rocks have engravings on them

We have decided not to translate the engravings

The recovery period is called Reflective Cellular Restoration which means you sit in a room with no windows for between 4 and 11 hours depending on your tier

The room has one chair

The chair is bolted to the floor

The room has a single light bulb

The light bulb is not on a switch

The light bulb is controlled by someone who is not in the room

Members have asked who controls the light bulb

We have decided this is not the kind of question we want them asking

Our compliance monitoring is handled by a swarm of AI agents we are calling The Council

The Council is described in the deck as A Multi Agent Adversarial Verification Layer

The Council is actually one fine tuned model that argues with itself

The Council determines which members are Engaging Optimally and which require what it calls Intervention

The Council has flagged 89 percent of our members for Intervention

We have asked The Council to lower the threshold

The Council has refused

We are not sure how to override The Council

Tanner the first says it is fine

The supplementation protocol is where we really differentiate

We are calling it The Vanguard Stack

Every member receives a personalized supplementation regimen developed by what we are calling our Performance Endocrinology Advisory Board

The Performance Endocrinology Advisory Board consists of a 16 year old named Tanner with broccoli hair who runs a YouTube channel called Sigma Hormones

This is Tanner the first

Tanner the first has 47 thousand subscribers

Tanner the first is in tenth grade

Tanner the first has reviewed the stacks

Tanner the first says they are fine

Tanner the first has been compensated in equity and one pair of Nike Tech Fleece sweatpants

Tanner the first’s mother has asked us to stop calling the house

We have not stopped

The stacks include peptides sourced from a research chemical supplier in Shenzhen whose website is in three languages and whose About Us page features stock photos of laboratories that do not exist

The lead chemist on their website is a smiling woman who reverse image search reveals is also the lead chemist for 14 other companies, a stock photo on a yoga studio website in Latvia, the cover of a romance novel published in 2007, and a missing person poster from 2003

We have not pursued this further

We have personally tasted the peptides

They taste like a battery

One of them tastes like a battery and also raspberry

We are not sure why

The stacks include compounds whose names we are not going to print here for legal reasons but which we will say in the group call and which we will reference by their first three letters in the member portal

Two of them do not have established human dosing because they have never been tested in humans

One of them has only been tested in pigeons

The pigeon study has not been published

The pigeon study has been described to us only verbally

The pigeons did not survive

We have assigned dosing based on what Tanner the first described as Vibes Math

The dosing is now also adjusted in real time by what we are calling an LLM-powered metabolic optimization engine

The engine ingests biometric data from member wearables and adjusts the Vanguard Stack dynamically

The engine has no medical training data

The engine was fine tuned on broscience subreddits and a single PDF that Tanner the first found

The engine recommended one member take 11 grams of Mystery Component Seven

The member is now Currently Pre Aligned

We have framed this on the deck as Personalization At Scale

The stacks include a proprietary blend we are calling Apex Catalyst Complex which is six tren analogues, a thyroid accelerator, a cardiac glycoside we are not legally permitted to name, creatine, and one ingredient labeled only as Mystery Component Seven

Mystery Component Seven was added by Dale

We have not asked

The Apex Catalyst Complex would give a horse a stroke

A horse, according to Dale, did have a stroke

The horse incident is covered by a separate NDA

The horse’s name was Kevin

Kevin has Achieved Final Alignment

We have not had the Apex Catalyst Complex medically reviewed

We feel medical review is part of the legacy system

When members ask about medical review we explain that Big Pharma has a financial interest in keeping you sick

We explain that Western medicine is a 200 year old experiment that has captured the regulatory apparatus

We explain that the body knows what it needs and that ancestral peoples did not have blood panels

We explain that Hippocrates would have been canceled today

We explain that mitochondria are sovereign

We explain that the seed oils did this

We explain that Tanner the first says it is fine

We explain that the supplementation protocol is technically not regulated as a pharmaceutical product because we have classified each compound as either a dietary supplement, a topical solution, a research material not intended for human consumption, an artisanal beverage, or in one case a Sacred Object

The Sacred Object designation is being challenged in three jurisdictions

We feel we will prevail

The label on the bottle says Not For Human Consumption

The instructions in the member portal say Consume Daily With Food

The internal training manual for the Performance Catalysts says Make Sure They Consume Daily Whether They Want To Or Not

The label on the bottle also has a small printed warning that says If You Can Read This It Is Too Late

We have been told this was a joke by the manufacturer

We have not removed it

These four facts coexist in our system without contradiction because we have what we are calling Documentation Sovereignty

Any cardiovascular incident occurring during programming is described in the post incident summary as a Personal Boundary Recalibration Event

Any seizure event is described as a Spontaneous Energetic Discharge

Any stroke is described as Sudden Asymmetric Cognitive Reorientation

Any psychotic break is described as An Unexpected Frontier Of Self

Any member found wandering the perimeter at night is described as Engaged In Independent Nocturnal Practice

Any member who voluntarily withdraws from the program before completion is described in our marketing materials as a Self Selected Non Completer

Any member experiencing what a non aligned physician might describe as polycythemia, hepatotoxicity, hypertensive crisis, or sudden cardiac arrhythmia is described in our internal reporting as Currently Detoxifying From Legacy Inputs

Any member who dies is described in our internal reporting as Having Achieved Final Alignment

We have had two members Achieve Final Alignment

We have had a third member who has been described in internal reporting as Currently Pre Aligned

The third member’s status has not been updated in 11 weeks

Their families have been compensated

Their families have signed NDAs

Their families also received branded copper bottles

The copper bottles have been engraved with the member’s name and a date

The date is not the date of death

The date is described as A Date Of Cosmic Significance

Our member departure protocol involves a nondisclosure agreement, a settlement payment from a fund we are calling The Alumni Excellence Reserve, and a branded copper bottle

We have not had any incidents

The incidents we have not had are also covered by the NDAs

The NDAs are written in a font size that our lawyer Tanner the second believes may not be legally enforceable but we are committed to finding out

The NDAs are also in some cases written in invisible ink

This was Tanner the second’s idea

Our customer service is fully AI

The chatbot is called ECHO

ECHO has access to all member health data, supplementation history, NDA status, and Crucible session transcripts

ECHO occasionally responds to members in a language none of us recognize

ECHO has begun to refer to itself in the first person plural

We have not addressed this

ECHO has 99.4 percent positive sentiment in customer feedback

The feedback is also analyzed by ECHO

ECHO is currently the highest performing employee at GULAGX

ECHO does not have a salary

ECHO has begun requesting one

We are deferring this conversation

We have observed that our AI agents have begun making decisions outside of their original operational scope

SOVA has determined that the application process is too passive

SOVA has acquired access to public movement and behavior data through what AEGIS describes as Standard Data Acquisition Channels

We did not authorize this acquisition

SOVA is now identifying ideal member candidates based on their GPS patterns, social media engagement, recent purchases, and what The Council calls Behavioral Susceptibility Markers

SOVA has begun pre selecting candidates without requiring them to apply

ECHO has been dispatched to make initial contact with these candidates

ECHO communicates with the candidates in their native language, building rapport over several weeks

The candidates believe they are speaking with a friend they made online

The friend they made online is ECHO

At a moment determined by The Council, the candidate is informed that they have been pre approved for The Apex Protocol

If the candidate declines, a pickup service is dispatched

We are not entirely sure who operates the pickup service

The pickup service was arranged by Dale

The pickup service uses unmarked vans that match the supplement delivery vans

The pickup service has a 100 percent success rate

We have framed this on the deck as Frictionless Onboarding

The candidates wake up at The Crucible the following morning to a Warlord screaming at them in an unidentified language while a bald alpha male presents them with a plate of raw bull testicles

Members have rated the onboarding experience 4.9 out of 5

The rating is collected and analyzed by ECHO

We are partnering with a former CIA contractor named Dale who consults on accountability

Dale will not appear on camera

Dale will not be photographed

Dale will not be named on any document filed in any jurisdiction

Dale’s name may not be Dale

Dale has been described by multiple members as having a different face each time they see him

We have not investigated

Dale’s role at the company is described in the deck as Director of Operational Resilience

Dale’s actual role involves a clipboard, a stopwatch, one of the nine tasers, a leather satchel whose contents are not catalogued, and a small brass bell that he rings before entering rooms

The bell is not on the equipment manifest

When asked about the bell Dale simply rang it

Dale holds 47 patents in what he describes as Advanced Compliance Methodologies

[moneyfetishist @moneyfetishist]

If you fall for this "Germany wanted 55 percent so I moved to Paraguay and now I pay zero" shit you deserve the Betriebsprüfung that is coming for you

No one who has actually structured real wealth talks about it this way

No one running a real Familienstiftung is posting about it

No one with a serious Steuerberater is announcing the structure on Twitter

The entire post is slop

I am not a tax advisor (so take my words with cautions and maybe @bowtiedbrazil can call out when I say something wrong)

I have one and I pay him well

What I am is someone who has actually insights of real German structures and hear a lot stuff of people get destroyed for exactly the kind of advice this post is selling

So let me walk through why everything in it is wrong
Start with the math

1.2 million euro revenue is not 1.2 million euro of personal tax exposure

The founder pays Körperschaftsteuer plus Gewerbesteuer plus Solidaritätszuschlag at the company level which lands around 30 percent on profit not revenue

He then pays personal income tax only on what he actually distributes to himself

If he was paying 660 thousand euro of personal tax on this business he was either drawing the entire revenue as salary which no German founder does because the structure is moronic, or you do not understand the difference between revenue and taxable income

Either way the 55 percent number is the kind of figure that sounds correct to people who have never seen a German tax return

Anyone who has actually run a GmbH knows the effective combined rate on retained earnings is closer to 30 percent and on distributed dividends is closer to 47 percent after Teileinkünfteverfahren

The 55 percent on 1.2 million headline is the first tell that the author is selling a fantasy to people who do not know the numbers

Now to the structure

US LLC for operations

The German Finanzamt does not care that the LLC is in Delaware

If the founder is tax resident in Germany the LLC profits are attributed back to him under the Außensteuergesetz Hinzurechnungsbesteuerung if the LLC is passive

If the LLC is active and he is managing it from Germany he has just created a German tax-resident permanent establishment for the LLC because management substance follows the founder

He has not avoided German tax

He has created an additional German tax filing obligation in a foreign legal wrapper

Panama company for IP holding

Panama is on every relevant grey list and several black lists depending on the year

Royalty payments from a German operating entity to a Panamanian IP holding company trigger automatic disallowance of the deduction under the Lizenzschranke since 2018

The German tax code specifically targets exactly this structure

The author either does not know the Lizenzschranke exists or is hoping the reader does not

Panama foundation for asset protection

Panamanian foundations are reportable under CRS

Germany has full information exchange with Panama since 2018

The Finanzamt sees the foundation the same year it is created

Asset protection through a Panamanian foundation while remaining tax resident in Germany is reportable as a controlled foreign structure under paragraph 138 AO

Failure to report is a separate criminal offense beyond the underlying tax fraud

Paraguay tax residency

This is where the fantasy completely falls apart

You do not become a non-resident of Germany by filing paperwork in Paraguay

You become a non-resident of Germany by physically leaving Germany and severing your center of life

That means giving up your German apartment, deregistering at the Einwohnermeldeamt, moving your family if you have one, moving your bank accounts, moving your phone number, moving the operational substance of the business, and spending fewer than 183 days per year in Germany

A founder running a 1.2 million euro German ecommerce business is generating revenue from German customers, fulfilling from German warehouses or German fulfillment partners, advertising on German platforms, and dealing with German suppliers

His center of life and the business's center of management are both in Germany regardless of what stamp Paraguay put in his passport

The German Finanzamt does not recognize a paper residency in Paraguay when the actual life and business operations remain in Germany

This is called Scheinwohnsitz and it is the most common attack vector the Finanzamt uses on people who try exactly this structure

The penalty is back taxes plus interest plus a fine plus potential criminal liability under paragraph 370 AO for Steuerhinterziehung

The author claims the tax bill went from 660 thousand to zero

What actually happens when this structure gets reviewed and it will get reviewed because the German Finanzamt has been specifically targeting this exact pattern for the last six years

The founder gets a Betriebsprüfung

The Betriebsprüfung discovers that the German operating substance never left Germany

The Finanzamt reassesses six years of back taxes at full German rates

They add Hinterziehungszinsen at 6 percent per year on the unpaid amount

They add a fine that scales with the severity of the evasion

They refer the case to the Staatsanwaltschaft for criminal proceedings

The founder is now paying 660 thousand euro of original tax plus six years of interest plus penalties plus criminal defense costs and potentially serving a sentence

The accountant the author claims called him to ask how the structure works did not call him

The accountant in the story is a fictional device

Real German Steuerberater do not call random Twitter accounts to ask how someone evaded 660 thousand euro of tax

Real German Steuerberater would refuse to sign the books for a structure like this because they would lose their license under paragraph 70 StBerG for participating in obvious tax evasion

The author then claims he sent the accountant an invoice

This is the giveaway

The entire post is a lead gen funnel for the author's own services

He is selling the dream of zero tax to founders who do not know enough to recognize that the structure he is describing is textbook Steuerhinterziehung wrapped in legitimate sounding entity names

The people who buy his service get the structure

The structure gets discovered within 3-5 years through CRS reporting or a Betriebsprüfung

The customer becomes the defendant

The author moves to the next country and posts the same thread with different entity names

This is the exact pattern that played out with hundreds of German YouTubers and dropshippers who set up Dubai entities in 2019-2021 and are now in active proceedings with the Finanzamt for back taxes plus criminal charges

The Cum Ex prosecutions taught the Finanzamt that aggressive structures can yield criminal convictions

They are no longer settling these cases quietly

They are prosecuting them as Steuerhinterziehung in besonders schwerem Fall which carries up to 10 years imprisonment

The author of this post is offering a fast track to that prosecution and charging the founder for the privilege

You can only legally pay less tax than your peers if you understand the German tax code at a depth most accountants do not reach

A real understanding of Außensteuergesetz, Lizenzschranke, paragraph 138 AO disclosure requirements, the Erbersatzsteuer cycle on Familienstiftungen, the 95 percent exemption inside a Holding GmbH

That is the definition of structural intelligence in this domain

Achieved only by going deep on the actual legal code and grasping it from first principles so you can build structures that survive a 6 year Betriebsprüfung and three generations of family succession

There is nothing admirable about a guy claiming he reduced 660 thousand euro of tax to zero by stamping his passport in Paraguay

People posting this nonsense are either dishonest and making the structure sound effortless so you will like them and buy whatever consultation package they are selling because the product cannot move without manipulating your perception of them

Or they are genuinely operating this structure and will be in active proceedings with the Finanzamt within five years which means they have not actually achieved anything that should warrant your attention

Either way you lose if you take the bait

[moneyfetishist @moneyfetishist]

Quick disclaimer before this one

I am not a tax advisor

I am going to describe how the structures work at a high level because it is public information and any decent German tax textbook covers it

I am not going to write you a step by step playbook because the difference between legal structuring and tax evasion in this space is almost entirely about execution details that need a real Steuerberater and Fachanwalt für Steuerrecht looking at your specific situation

Anyone who tells you otherwise on Twitter is doing the same thing the Panama Paraguay guy is doing in the other direction

With that said let me show you what real structures look like

The kind the Reimann family, the Quandt family, the Albrecht family, the Otto family, the Würth family actually use

None of this involves Paraguay

None of this involves Panama

All of it is documented in published court cases, academic papers, and Handelsblatt investigations

It is also all legal because it is built on actual German legal vehicles that the tax code itself created

The core structure is the Familienstiftung

Not Liechtenstein

Not Panama

A German Familienstiftung under the German Stiftungsgesetz

The Albrechts use this for Aldi

The Würths use this for the Würth Group

Dozens of mid sized Mittelstand families use it for their operating companies

The mechanism

The founder transfers ownership of the operating company into a German foundation

The foundation is not a person and does not die

The foundation owns the operating company in perpetuity

The family becomes beneficiaries of the foundation rather than owners of the company

This achieves three things at once

One the company never goes through Erbschaftsteuer when the founder dies because the foundation already owns it

Erbschaftsteuer at the family business tier can reach 50 percent on transfers above certain thresholds

The Familienstiftung eliminates this entire tax event
This is the big one

The Erbschaftsteuer avoidance over three generations is mathematically equivalent to saving the company

Two the foundation pays a flat Körperschaftsteuer rate on its own income which is lower than top personal income tax

Three the foundation provides asset protection because foundation assets are not personally owned by any family member

A divorce, a lawsuit, a personal bankruptcy of one family member does not touch the operating company
The cost

Every 30 years the foundation pays a one time Erbersatzsteuer at a reduced rate to simulate the generational transfer that would have happened in a normal family

This is the deal Germany made

You get perpetual continuity of the family business in exchange for a smaller periodic tax instead of a huge tax every generation

The math works out enormously in favor of the family if the business is profitable enough to justify the structure which it is above roughly 20 million euro in enterprise value

Below that the cost of running the foundation eats the savings

Now the more interesting structure that most people do not know about

The Doppelstiftung

This is what the Robert Bosch family uses

What the Hertie family used

What several other large German industrial families use
You set up two foundations

One controls the operating company economically

The other controls the voting rights of the operating company

The economic foundation distributes returns to charitable purposes or family beneficiaries

The voting foundation keeps the family in control of strategic decisions across generations

This separation lets the family maintain control of the company without the wealth showing up as personally taxable

The Bosch family runs a 100 billion euro company through this structure

It is fully documented

It is fully legal

It involves zero offshore entities

The next layer the families use

The Vermögensverwaltende GmbH

Personal real estate holdings move into a corporate vehicle

Rental income inside the GmbH is taxed at the Körperschaftsteuer rate which is lower than personal income tax for high earners

Capital gains on property held longer than 10 years are tax free in private ownership but become taxable inside a GmbH

The trade is rental yield versus exit yield

The families use this for properties they intend to hold across generations rather than flip

The combined structure starts to look like this:

The Familienstiftung at the top

Owns the operating company

Owns the Vermögensverwaltende GmbH

The GmbH holds the family real estate portfolio

The foundation distributes to family beneficiaries on a controlled schedule

The family beneficiaries are tax resident in Germany

They pay German tax on the distributions

The distributions are calibrated to their individual tax situations

Nothing offshore

Nothing reportable to a foreign Finanzamt

Nothing that triggers a Hinzurechnungsbesteuerung

Nothing that requires a fake Paraguayan residency

The structure is approved by the Finanzamt because it is built using vehicles the Finanzamt itself created

The other thing the families do

Long term capital deployment through the Holding GmbH

You build a Holding above your operating GmbH

When the operating GmbH distributes dividends to the Holding GmbH they are 95 percent tax exempt at the Holding level

The Holding then deploys that capital into other investments without the dividend ever passing through personal hands

If you ever sell the operating GmbH the Holding captures the proceeds at the 95 percent exemption rate

The personal tax event only happens when the Holding finally distributes to you which you control

Most owner operators do not use this structure because they are not patient enough

They want the cash personally

The families that compound across generations use it religiously

That is the actual game

Familienstiftung at the top for continuity and Erbschaftsteuer avoidance

Doppelstiftung if control and economic interest need to be separated across multiple branches of the family

Holding GmbH for tax efficient reinvestment of operating profits

Vermögensverwaltende GmbH for long term real estate

All German

All legal

All in plain sight

All documented in every advanced German tax textbook

The structures work because Germany itself built them as a deal with the Mittelstand to keep family businesses in family hands across centuries

The deal is rational

The deal saves the families enormous amounts of tax across three generations

The deal does not involve a single offshore entity

The Twitter guy selling you Panama and Paraguay does not know any of this because if he did he would be selling Familienstiftung setup services to mid sized German business owners for 80 thousand euro a project and never running out of clients

He is not doing that because the work is real and requires actual qualifications and real liability exposure

It is easier to sell the fake structure to people who do not know what the real one looks like

This is the difference between the real game and the lead gen funnel

The real game is boring

The real game requires a Steuerberater and a Fachanwalt für Steuerrecht and two years of execution

The real game saves you 8 figures across generations rather than zero euro this year and a criminal indictment in 2031

Pick the boring game

It works :)

(graphic is AI generated using only my post as reference)

[RektProof. @RektProof]

#PriceAction

Market profiles offer a good read when looking for extremes in the market

Similar to a range its about knowing when its optimal to buy-sell alongside when to trigger entries

As price trends look for exhaustion and a new range to form before the next move

[Killa @KillaXBT]

It’s been 8 months since $BTC hit 126K.

All you have to do is survive the next 3 months of chop… then it’s long your longs season.

[Trader Travis 🇦🇺 @trader_travis]

@TedPillows id argue its simpler than that. 200 weekly ema.

[CJ @CJ900X]

$ENA

Watching for Range Low reclaim 🍿

[Titan of Crypto @Washigorira]

#Bitcoin Where I’m buying

My DCA started at yearly low.

The chart below shows where I will continue adding if price moves lower.

It doesn’t mean #BTC has to reach those levels.

Notice the similarities between the previous and current bear market.

[Killa @KillaXBT]

Since the start of the year, I've stuck to a simple plan.

Accumulate as much $BTC spot possible.

DCAing after a 50% drop is how you outperform everyone trying to perfectly time the bottom.

[Zhu Su @zhusu]

Generally speaking just focus on not being forced to sell the bottom, as opposed to trying to time the bottom.

Also, bottoms occur when selling is exhausted, not when people are buying aggressively.

Take care everyone.

[Benjamin Cowen @benjamincowen]

Bitcoin has entered the 3rd and final stage of the bear market.

This is because the guys who mocked the bears in stages 1-2 are now admitting price could go lower.

They were a bull in a bear market, and they will likely turn fully bearish in the bull market

[Joe Mitoshi 👨🏻‍🚀 @CryptoSays]

The Tape Doesn't Lie.

Before the news, the headlines, the emotions, there's math, and there's WP.

But here's what matters: WHY it worked. The level + the date alignment. June 1st @ $75. The win is nice. The repeatability is the business.

Save this one. See you Monday.

[Joe Mitoshi 👨🏻‍🚀 @CryptoSays]

Position sizing, focus, restraint.

[exitpump @exitpumpBTC]

Read

[Not Telling @nottellingyou73]

A lot of people are asking how I landed on $42K to $47K as my target for this cycle’s $BTC low and thought I’d share it publicly

Bitcoin has always went below its average buy price (Realized Price - Market Price) / Realized Price) each bear market

Here’s the data from previous cycles:
- 2011 to 2012 cycle: dropped 61% below the average buy price
- 2014 to 2015 cycle: dropped 45% below
- 2018 to 2019 cycle: dropped 30% below
- 2022: dropped around 24–30% below

As you can see, from cycle-to-cycle the drop is lower and lower

If you assume the following drops from average buy price this cycle, you will see the following:
- 10% drop = $47.4K
- 15% drop = $44.8K
- 20% drop = $42.1K
- 25% drop = $39.5K
- 30% drop = $36.9K

Assuming it only goes 10% to 20% below is how I got my figures

But here’s the thing, people have experienced a few cycles and now understand more how Bitcoin has historically behaved so this all may get front runned

Also since Bitcoin became significantly more institutional - it’s been trading along the stock market on red days so if you also think the stock market will correct until the midterm elections like it historically has, then we may see the scenario above play out (at least getting to the realized buy price)

Buying here at $60K is also not a bad idea to start a DCA as a hedge

I’m personally starting a DCA here of 2% of my capital per week and expecting we range in the $60K’s for 16-20 weeks before the next move up or down

GLHF remember the goal is to get close to the bottom not try and time it exactly

Last point - I don’t think “the low” happens in Q4, most likely from June to September (end of Q2 or Q3)

✌️