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Bitcoin TL;DR25d ago
Few people know this, but many #Bitcoin companies are actually set up as non-profits. There's a good reason for that. Operating as a United States 501(c)(3) nonprofit is a strategic move for Bitcoin projects to receive funding in a win-win kind of way, because donations to these kinds of nonprofits are tax deductible for the donor. ⚡️ So the donor wins by saving taxes on their overall wealth. ⚡️ Bitcoin projects win because they receive the necessary funds to build and operate. ⚡️ The Bitcoin network and community wins from the value the project adds. Talk about aligned incentives! If you're in the process of starting a Bitcoin business, or your current setup doesn't quite work for you - it's worth exploring this option. We're breaking it all down in this episode. https://fountain.fm/episode/UsMGwY7VJUwAAXJ6IT2k Enjoy, and please share it with your friends! 🙏⚡️
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