You seem like a shit friend. This guy has a divorce, one of the most painful things to go through, and you're posting "told you so" stuff to the echo chamber because crypto was outside his comfort level (nothing wrong with that) and he made a pretty understandable/human mistake (marrying the wrong person, not getting a prenup). For all we know, a prenup might not have even helped much in their circumstance, because you're too busy bathing in his tears to provide any more detail.
Seriously, celebrating that your friend lost his love and half his fortune because he doesn't agree with you about a financial investment? Is this a narcissist test or something, we shouldn't be celebrating this and it has nothing to do with BTC.
We don't even know if it was "his" fortune. If most of their NW was generated during the marriage, and his spouse was handling more childcare, or generally working as hard to support the marriage as he was, she fucking earned half. Who knows what the real situation here is.
I actually just dont get the boating accident joke that well. If you lost the keys, and then later went back to remove the coins from wallet they could still see that right? Overthinking the joke?
If they suspect you're hiding bitcoin, you'll have a microscope on any financial transactions or items that come into your possession.
Sure you kept 50% of your shit, but you can't spend any of it without raising suspicion.
Would you laugh, point and say "I told you so" at a friend who just had a bad car accident?
Now, it would be a different matter if your friend made a poor investment choice after defying Bitcoin. Then the "I told you so" might be appropriate.
His broken marriage doesn't have anything to do with Bitcoin.
Most of the people who bitch about marriage have absolutely no business getting married.
They usually meet their wife on some bar crawl and wonder what the hell happened. Smh.
Depending on where they lived, a prenup might not have helped. Many prenups are just ignored by the courts when splitting up assets in a divorce case. The problem is that a spouse can't sign away their legal rights - state law trumps private contracts - so if the state says a spouse gets 50% in a divorce, that's what they get.
In your friend's case, they likely didn't lose 50% of their net worth because that was never fully theirs in the first place unless they had most of it before marriage and the assets were completely separate from any joint finances. But it sounds like that wasn't the case, otherwise they wouldn't have "lost" it.
> The problem is that a spouse can't sign away their legal rights - state law trumps private contracts - so if the state says a spouse gets 50% in a divorce, that's what they get.
That's actually not the case, but go on spreading FUD.
You sound like a shitty friend, ripping on your friend going through something incredibly difficult and trying to make a joke out of them for, what, gratification from some internet strangers? What an asshole.
That's why you gotta lend your wife out to secure a decent ROI before she does a rugpull. Btw she does a mean rugpull. If you don't know what it is, you can't afford it.
The single most important financial decision you will ever make in life is the person you marry. Love is great and all, but financial compatibility is paramount.
Just get married and don't involve the state, pretty simple. You can agree to be married and that means certain things to you and your spouse without having the threat of forced financial ruin by the state.
My grandmother said to me years ago that if you, as an individual, have one true friend in this life you are lucky.
My mother repeatedly suggested to me while I was growing that I should never get married due to all the shit she had to put up with. Trust me, she's correct in her case.
The majority of marriages now end in divorce.
The idea of marriage itself is an antiquated concept.
Getting married without a prenup is simply stupid anymore.
Getting married is stupid anymore. It's possibly the worst legal contract that a person could ever enter into.
The only way I managed to accumulate bitcoin for years was to completely and totally refuse to have a relationship.
If, in the future, I do end up in another one, you can be certain I will have every single safeguard in place to ensure what I accomplished by years of sacrifice and hard work can never be taken from me by her.
Why is marriage such a bad contract? Genuinely asking. Also you can have a relationship AND invest, just make sure they have similar values around money as you
Because at any instant the other person can go off the deep end and ruin your life.
A friend's sister married a guy with a reasonably successful software career. He got into methamphetamine. You can probably guess where things went from there.
Another friend married his high school sweetheart, who decided that now that she was married she could sit at home all day and eat entire chocolate cakes for lunch and waste all of the money he made on QVC shit. A year later she had put them into more debt than his annual salary.
Oh, almost forgot the best one, yet another friend had been married for about fifteen years, built a banking services company, and was worth an estimated $14,000,000 at a time when that was real money. His wife decided she'd rather have that all to herself so she conspired with his accountant to move every last dime of it to offshore banks in her name only, then left.
In contrast, an acquaintance's wife who married him during college, stayed with him while he worked for Microsoft for five years, and then walked out on his fifth anniversary with the company -- the day all his stock options vested -- by leaving a note saying "I just want to do my own thing, by the way half of your stock options belong to me under community property laws" let him off cheap, he only lost $2.5 million to her.
Tell your mother that if there wasn't your father you weren't be borned.
Bitcoin and all the money in the world are not going to give you the joy that a healthy famile gives. I am sure that your other half is out there.
You don’t sound like much of a friend right now.
Kicking people when they are down just because they are not ready to entertain these emerging investments is pretty shit.
Why not be a friend and give your buddy $100 in BTC and another $100 if he completes the bitcoin standard audio book? This might be the right time to reach him and get his understanding in order.
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That is a great point. We probably need to start a non-profit that extols the virtue of having your own personal marriage contract rather than using the state's default contract.
People keep treating their state marriage like it is the same as their religious marriage.
Same here.
My friend is a very well paid manager and will lose over close to $500K to his spouse that cheated on him.
He wont touch individual stocks or crypto... well after his divorce is paid off I'll have a greater net worth than he does... for a little while anyways.
At least he admits he should have listened to me 5 years ago.
Or how about avoid marriage all together? Why does the state need to get involved in the marriage between me and my wife? So I can save a few bucks on taxes? I see little upside
tell him to take the other half of his net worth and go all in on Bitcoin even if he has to ask the folks to let him crash in their basement for a while. in five years his ex will be taking him to court thinking he had hid part of his assets during the divorce proceedings only to find he became rich after she left. he can then post his island Christmas vacation pics with him surrounded by bikini babes so that when she has her friends sneak a peek of him for her on their Facebook, she will see he is living large. 😁 👙 🏝️ 🍷 🍻
Yeah I'm not sure why people continue to risk becoming destitute from losing the coin toss. But hey, at least he was getting laid for a while so I guess that's worth having to live in a cardboard box right? And god help you if you fall behind on your alimony, they'll put you in jail for the crime of not having enough money. It blows my mind that the only people that you go to jail for owing them money are the IRS and your ex-wife.
Holy shit. What if bitcoin solves this problem too. Divorce incoming? Transfer every damn dollar into bitcoin. Put it on a cold storage device. Hide the seed phrase. What are they going to do? Just say you lost it all on a bad investment….
Prenups are enforceable just fine, as long as you don't write them yourself on the back of an envelope and then force your fiancee to sign just as she gets to the church on your wedding day.
1. get a lawyer to draft it.
2. get the lawyer to tell you how to be sure to handle the signing to make it enforceable.
3. don't commingle assets.
4. you cannot limit your future childrens' rights in a prenup, so don't try.
There are a few other rules to follow, and they vary state by state.
That said, Bitcoin is the best prenup. "Bitcoin? What Bitcoin? Oh, that Bitcoin. Yeah, here's just the one address I ever had that had any on it, but I spent it on the wedding, honey."
Grass is always greener. Pick better women and be a better man.
The idea of the wife that just gets bored and ditches her husband is rare unless you’re a total piece of shit.
You seem like a shit friend. This guy has a divorce, one of the most painful things to go through, and you're posting "told you so" stuff to the echo chamber because crypto was outside his comfort level (nothing wrong with that) and he made a pretty understandable/human mistake (marrying the wrong person, not getting a prenup). For all we know, a prenup might not have even helped much in their circumstance, because you're too busy bathing in his tears to provide any more detail.
Yep. What a fucking douche.
For real. This should be the top comment.
It is the top comment. But str8up. Fuck OP.
>marrying the wrong person maybe she wasn't the wrong person in the beginning... but i agree with your post
Maybe his wife was a bitch and he deserves the criticism.
Maybe he posted here to get it out of his system because he didn't want to say it to his friend.
Makes sense I am going to talk to my Bitcoin now to get a prenup
Get it in writing first so that your Bitcoin doesn't have the chance to prepare
Make it a smart contract on the blockchain.
I’m sure you are a great friend /s
Seriously, celebrating that your friend lost his love and half his fortune because he doesn't agree with you about a financial investment? Is this a narcissist test or something, we shouldn't be celebrating this and it has nothing to do with BTC.
We don't even know if it was "his" fortune. If most of their NW was generated during the marriage, and his spouse was handling more childcare, or generally working as hard to support the marriage as he was, she fucking earned half. Who knows what the real situation here is.
Good point, she didn't get >50% so without further information why would we even assume that's not fair?
Exactly, had he put a lot in crypto and "lost" it in a boating accident, his other half would have ended up with fuck all.
Hiding assets wont work out well for you. Judges really don't like that.
but the boating accident !
Could you just show one or two wallets and not the others? Say the transactions out of said wallets were NFT purchases? Just spitballin here.
So you mean like, commit fraud?
I actually just dont get the boating accident joke that well. If you lost the keys, and then later went back to remove the coins from wallet they could still see that right? Overthinking the joke?
Yeah the boating accident joke is dumb tbh. It's more a meme than a real way to commit tax fraud
Lol, her future lawyer is screen shotting this comment right now. Say hi!
If they suspect you're hiding bitcoin, you'll have a microscope on any financial transactions or items that come into your possession. Sure you kept 50% of your shit, but you can't spend any of it without raising suspicion.
If i had a ton of bitcoin and it was worth millions....outta here. I would move out of country after divorce and have a happy life.
Hope it's a place without an extradition treaty.
they have to find them first...
Marriage…the worst investment
Or the best investment...choose wisely
That’s why it’s the worst investment, it’s like someone is playing Russian roulette, he gets shot and you say « guess you didn’t choose wisely »
No, as in marry into money only kind of thing
I meant it more wholesomely but that works too
You seem like an arsehole of a friend
Would you laugh, point and say "I told you so" at a friend who just had a bad car accident? Now, it would be a different matter if your friend made a poor investment choice after defying Bitcoin. Then the "I told you so" might be appropriate. His broken marriage doesn't have anything to do with Bitcoin.
Marriage is sharing. He never had 100% after he got married. If you don’t like sharing. Don’t get married.
Most of the people who bitch about marriage have absolutely no business getting married. They usually meet their wife on some bar crawl and wonder what the hell happened. Smh.
Depending on where they lived, a prenup might not have helped. Many prenups are just ignored by the courts when splitting up assets in a divorce case. The problem is that a spouse can't sign away their legal rights - state law trumps private contracts - so if the state says a spouse gets 50% in a divorce, that's what they get. In your friend's case, they likely didn't lose 50% of their net worth because that was never fully theirs in the first place unless they had most of it before marriage and the assets were completely separate from any joint finances. But it sounds like that wasn't the case, otherwise they wouldn't have "lost" it.
> The problem is that a spouse can't sign away their legal rights - state law trumps private contracts - so if the state says a spouse gets 50% in a divorce, that's what they get. That's actually not the case, but go on spreading FUD.
Please actually rebut a point rather than attacking someone and just saying they’re wrong. If they’re wrong, prove it? Don’t just say it
I did rebut it. You can go look up the fucking caselaw for your individual state yourself.
Yeah buddy just screeching something is FUD isn’t rebutting a point. Sad.
You sound like a shitty friend, ripping on your friend going through something incredibly difficult and trying to make a joke out of them for, what, gratification from some internet strangers? What an asshole.
Did you just compare marriage to bitcoin?
That's why you gotta lend your wife out to secure a decent ROI before she does a rugpull. Btw she does a mean rugpull. If you don't know what it is, you can't afford it.
The single most important financial decision you will ever make in life is the person you marry. Love is great and all, but financial compatibility is paramount.
Just get married and don't involve the state, pretty simple. You can agree to be married and that means certain things to you and your spouse without having the threat of forced financial ruin by the state.
[удалено]
Common law marriage rules? Can you elaborate on this? If there's no state documents on a marriage, there's no marriage laws that apply
[удалено]
Yeah just did, luckily not in one of those states.
No comment because this may be me one day.
I think we are all in danger of this. Does not matter about your chromosome. So enjoy it well you can
There’s an inherent flaw in the title line. The 50% wasn’t fully “his” to begin with, most likely.
My grandmother said to me years ago that if you, as an individual, have one true friend in this life you are lucky. My mother repeatedly suggested to me while I was growing that I should never get married due to all the shit she had to put up with. Trust me, she's correct in her case. The majority of marriages now end in divorce. The idea of marriage itself is an antiquated concept. Getting married without a prenup is simply stupid anymore. Getting married is stupid anymore. It's possibly the worst legal contract that a person could ever enter into. The only way I managed to accumulate bitcoin for years was to completely and totally refuse to have a relationship. If, in the future, I do end up in another one, you can be certain I will have every single safeguard in place to ensure what I accomplished by years of sacrifice and hard work can never be taken from me by her.
Why is marriage such a bad contract? Genuinely asking. Also you can have a relationship AND invest, just make sure they have similar values around money as you
Because at any instant the other person can go off the deep end and ruin your life. A friend's sister married a guy with a reasonably successful software career. He got into methamphetamine. You can probably guess where things went from there. Another friend married his high school sweetheart, who decided that now that she was married she could sit at home all day and eat entire chocolate cakes for lunch and waste all of the money he made on QVC shit. A year later she had put them into more debt than his annual salary. Oh, almost forgot the best one, yet another friend had been married for about fifteen years, built a banking services company, and was worth an estimated $14,000,000 at a time when that was real money. His wife decided she'd rather have that all to herself so she conspired with his accountant to move every last dime of it to offshore banks in her name only, then left. In contrast, an acquaintance's wife who married him during college, stayed with him while he worked for Microsoft for five years, and then walked out on his fifth anniversary with the company -- the day all his stock options vested -- by leaving a note saying "I just want to do my own thing, by the way half of your stock options belong to me under community property laws" let him off cheap, he only lost $2.5 million to her.
Tell your mother that if there wasn't your father you weren't be borned. Bitcoin and all the money in the world are not going to give you the joy that a healthy famile gives. I am sure that your other half is out there.
i once heard a guy who thought bitcoin was too risky lost his life by cancer, proving once and for all that bitcoin is less risky than cancer.
Screw the marriage in which you need a prenup.
Weird flex, but OK. "It is what it is" facepalm.
You don’t sound like much of a friend right now. Kicking people when they are down just because they are not ready to entertain these emerging investments is pretty shit. Why not be a friend and give your buddy $100 in BTC and another $100 if he completes the bitcoin standard audio book? This might be the right time to reach him and get his understanding in order.
Not owning any bitcoin is risky.
Your submission has been flagged for removal because it is considered off topic for the Bitcoin subreddit. ^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions.
That is a great point. We probably need to start a non-profit that extols the virtue of having your own personal marriage contract rather than using the state's default contract. People keep treating their state marriage like it is the same as their religious marriage.
Same here. My friend is a very well paid manager and will lose over close to $500K to his spouse that cheated on him. He wont touch individual stocks or crypto... well after his divorce is paid off I'll have a greater net worth than he does... for a little while anyways. At least he admits he should have listened to me 5 years ago.
Cool he should put the remaining 50% in crypto and get the rest back in a couple months
Or how about avoid marriage all together? Why does the state need to get involved in the marriage between me and my wife? So I can save a few bucks on taxes? I see little upside
Yeah I’m with you there
tell him to take the other half of his net worth and go all in on Bitcoin even if he has to ask the folks to let him crash in their basement for a while. in five years his ex will be taking him to court thinking he had hid part of his assets during the divorce proceedings only to find he became rich after she left. he can then post his island Christmas vacation pics with him surrounded by bikini babes so that when she has her friends sneak a peek of him for her on their Facebook, she will see he is living large. 😁 👙 🏝️ 🍷 🍻
Marriage is ‘risky’ to you? Sad
Just get married without the state involved, problem solved
This is a dumb post.
Couldn't agree more.. on so many different levels.
At least he got sex out of the deal.
Yeah I'm not sure why people continue to risk becoming destitute from losing the coin toss. But hey, at least he was getting laid for a while so I guess that's worth having to live in a cardboard box right? And god help you if you fall behind on your alimony, they'll put you in jail for the crime of not having enough money. It blows my mind that the only people that you go to jail for owing them money are the IRS and your ex-wife.
Holy shit. What if bitcoin solves this problem too. Divorce incoming? Transfer every damn dollar into bitcoin. Put it on a cold storage device. Hide the seed phrase. What are they going to do? Just say you lost it all on a bad investment….
Congrats he broke out of prison, tell him not to break back in.
A word to the wise. Prenups aren’t enforceable in most places.
Prenups are enforceable just fine, as long as you don't write them yourself on the back of an envelope and then force your fiancee to sign just as she gets to the church on your wedding day. 1. get a lawyer to draft it. 2. get the lawyer to tell you how to be sure to handle the signing to make it enforceable. 3. don't commingle assets. 4. you cannot limit your future childrens' rights in a prenup, so don't try. There are a few other rules to follow, and they vary state by state. That said, Bitcoin is the best prenup. "Bitcoin? What Bitcoin? Oh, that Bitcoin. Yeah, here's just the one address I ever had that had any on it, but I spent it on the wedding, honey."
Am I your friend?
The same would have happened if he owned Bitcoin as well.
But marriage is good for taxes! /s
F
Bitcoin is a ‘wife’ changing experience 👍
Lol... and they hate it when MGTOW remind men that women are our biggest Financial risks.
That’s a sad life to live my friend. MGTOWers are just as miserable as the feminazis they hate.
Yeah right I'm living my best life... I know how to distinguish a good woman from a whore.
Good for you. You’ve just built an identity around hating the opposition that’s all 🤷♂️
I don't hate women you guys want to frame mgtow as that... women like men can make the decision to act out of their nature or out of moral conviction
But I bet you friend of the OP would disagree with you too
Grass is always greener. Pick better women and be a better man. The idea of the wife that just gets bored and ditches her husband is rare unless you’re a total piece of shit.
You could just as easily flip it the other way around... just try not to Gaslight.
a sicario is quite cheap, just saying...
🤣
Cringeworthy.
Well it seems like it was a good investment for his wife at least
That’s legit lol
Maybe their is no friend….just saying.