You know, I have students ask me all the time about taxation and I always say, you know,

how did they get Al Capone? You know, it was the IRS that got Al Capone. Absolutely.

And they never actually got him from murder. Yeah. And I'm guessing he might have committed

if he had. Well, we'll see you anyway. And on Wall Street, we say there's only two things that are

for sure and that's death in taxes. So now you're on the blockchain, you're probably going to pay taxes

on these transactions and you probably should pay taxes. And if you're a US citizen, you're going

to pay them globally. And is that a conversation you try to have with people and just say,

look, this is happening. Understand what it has. Be proactive about it or at least understand it

because it might affect your trading decisions. Yeah. Yeah. I think you 100% should be aware of it.

And you should 100% be proactive about it. And when you're aware and you're proactive,

then you can start to do things to minimize it. I don't know if you've ever heard

there's some great Tony Robbins math that he talks about the value of deferral. Have you ever heard

this? No. No. So what he goes through and he explains, as he says, all right, imagine that you

started with a dollar and you could double it each period for 20 periods. One becomes two,

becomes four, becomes eight, and so on. After 20 periods, you add about a million bucks.

Imagine that you instead, each doubling period, you had to pay 33% tax. So one becomes two,

but then you pay 33% on the ones that's 1.67, then you double it, and so on. At the end of

the same 20 year period, if in the first example you had a million, how much would you guess you have

paying 33% tax one? I guess it's a lot less than a third off of that, right? I don't know.

I'm going to guess like 200 grand. Okay. Okay. I mean, it's, you know, a reasonable guess, right? So

your first instinct is right to say, you know, someone might say, how's 670,000 or something,

because we lose 33% much lower, much lower than 200,000. It's 60 years. I don't know.

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