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Jim Howes's avatar

I bought some BTC/ETH/LTC back in 2017, when those were the only coins traded on Coinbase. About six months later I started trading across exchanges, and within another six months I was sitting on eight-figure hedged derivative positions despite my real net worth sitting in the low five figures. Had some wild swings over the next few years but mostly ended up ahead.

The IRS audited one of my tax returns which included a $4.5M 1099 from Coinbase as well as over 25,000 individual trades that I definitely did not report correctly. Ended up being a pretty funny story actually.

I've got an MBA but I'm also currently pursuing a PhD in cryptography, so I have a pretty good understanding of both the economic and technical sides of this area. My research advisor was recently approached about a proposal for grant funding from Algorand, which also turned into a rather funny story about the love/hate relationship that many academic cryptographers have developed with the "Crypto" space.

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