He sure is doing a great job convincing people he's got nothing to sell while saying the opposite.
I reserve judgment, but for now, he sure has me convinced.
This is going to be a bloodbath if he does have coins and does sell them, and so much, so I think we're going to see how libertarian these libertarians actually are.
I suspect the FED may prove to be ore libertarian and open to the notion of a free market than many in bitcoin.
ah, it all makes sense now! for those of you, including myself, who have wondered why CSW might have stuffed his early, virtually worthless BTC, into a Trust way back then, i now have a plausible theory. having gone thru the process of understanding asset protection strategies just recently, it's quite likely CSW may have created the equivalent of a GRAT (Grantor Retained Annuity Trust) that is an ideal vehicle for passing onto one's heirs or SO's highly appreciated assets w/o paying any long term capital gains or inheritance taxes. listen to this Tyson Cross interview to help put this into context and how some early BTC adopters took advantage of this same strategy back around 2014. listen at 35:35:
https://dyk972he7tjqu.cloudfront.net/Tax_Planning_Strategies_Bull_Run_Tyson_Cross.mp3
the amazing thing about a tax vehicle like this is that truly behemoth, amazing amounts of appreciation can be passed down to one's heirs in a short period of time w/o paying a dime in wealth transfer tax or long term capital gains tax; you just have to hit a short term period of high appreciation. yes, i don't think CSW has any kids but i'll address that in a second. an asset like what BTC has done the last 8-11 yrs is ideal. noted luminaries who have taken advantage of GRAT's are Mark Zuckerberg and the Walton Family rumored to have passed $hundredsofmillions down to their kids. to have set one of these up back in 2010 or 2011 would have made infinite sense. yes, you do lose direct control in the interim (that's why it's called irrevocable) while the assets are in the GRAT and if you give it to a distinct family member or SO after termination of the GRAT. but if you dump the appreciated asset out of the GRAT (once it's expired) into a successor managed Trust foundation, like Northern Trust via what's called an Irrevocable “Grantor” Trust, you can retain a direct advisory role as to what is done with the money. which is the same thing as owning it; you just can't access the funds for personal use. you usually just end up giving it away to charities of your choice which in an of itself is a great source of power. key thing here is the asset is
always usually liquidated for dollars once it exits the GRAT b/c one wants to retain the high appreciated value and this is all under the legal umbrella of IRS tax law where all tax (and means of tax avoidance) need to be paid and accounted for in dollars.
https://www.investopedia.com/terms/g/grat.asp
but this is exactly why CSW has been hemming and hawing about his lack of control of his BTC; from a legal standpoint, he was never allowed to have control lest the ATO deem the GRAT disqualified for breaking the rules around irrevocability and lack of control and immediately trigger a tax consequence (income most likely). i should note that there are similar vehicles other than a GRAT that he could be using, if you believe this is what he has done. but from my perspective, a GRAT would be most ideal and the Tulip Trust and all CSW's actions/equivocations around it, make sense now.
