I feel like it’s been memory holed, but I remember 00’s flat earth being genuinely smart people using it to illustrate the ridiculousness of teaching creation beside evolution, which was a push around that time. It was a Church of Satan style mockery, but I guess the arguments were too convincing.
You don’t get taxed on losses, or on loss years, whatever that means tax-wise. You get taxed on gains, period, which is the increase over your basis. Less than a year held is short-term, more than a year is long.