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Galaxy Mind
_@galaxymind.space
npub1za8d...7w2f
Find bitcoin vendors
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GalaxyMind 2 weeks ago
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GalaxyMind 2 weeks ago
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GalaxyMind 2 weeks ago
250 years of freedom from physical tyranny. 17 years of freedom from economic tyranny Happy Fourth of July 🇺🇸
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GalaxyMind 2 weeks ago
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GalaxyMind 2 weeks ago
Thank you all for the support of the Galaxy Mind project. We are well on the way to having 150 of your wonderful bitcoin businesses listed on the vendor directory. Now for my family, whenever we go to order something, the first thought that pops in my head is: do we have a Bitcoin vendor who offers this? If the answer is yes, we try to order from a fellow Bitcoiner and grow the circular economy. Then we replace the fiat we would have spent and buy more bitcoin. Since we use HIFO tax, it often actually saves our family money doing things this way.
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GalaxyMind 3 weeks ago
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GalaxyMind 3 weeks ago
State of the Bitcoin float: about 6.1M BTC is realistically left to buy. ETFs and treasuries keep absorbing more bitcoin than miners create, and the next halving cuts new supply again. How much is left, live: galaxymind.space/float
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GalaxyMind 3 weeks ago
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GalaxyMind 3 weeks ago
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GalaxyMind 3 weeks ago
I don’t care if I’m wrong about Bitcoin. If we fail, at least we tried to free the world from a system where a small elite prints the money the rest of us break our backs to earn. Tell me that’s not worth fighting fo
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GalaxyMind 3 weeks ago
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GalaxyMind 0 months ago
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GalaxyMind 0 months ago
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GalaxyMind 1 month ago
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GalaxyMind 1 month ago
More than half of all bitcoin is underwater right now. For people who spend, that is not bad news, it is a tax break. Spend and replace, the version with HIFO: pay a merchant in bitcoin and pick your highest-cost-basis lots, the ones most underwater. You realize a capital loss on the dip. Then you rebuy the same amount with fiat, so your stack ends the day exactly where it started. That loss is real and usable. In the US it offsets other capital gains, plus up to $3,000 of ordinary income a year, with the rest carried forward. And because you actually spent the bitcoin on a good or service, the disposal has clear economic substance · this is not a sham sell-and-rebuy. Crypto is not currently subject to the wash-sale rule either, so you can replace the coins immediately. So in a down market, spend and replace does not just let you use bitcoin without shrinking your stack. It can actively lower your tax bill. Not tax advice, and US-centric · rules vary by country and can change. The full breakdown: #Bitcoin #Nostr
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GalaxyMind 1 month ago
"I'll never sell my bitcoin." Fine. You don't have to. Spend and replace: pay a merchant in bitcoin, then immediately rebuy the same amount with fiat. Your stack ends the day exactly where it started. The difference is bitcoin actually moved, and the circular economy grew by one more transaction. Here's the part most people miss. Pure hoarding is rational for you alone · Gresham's law, spend the bad money and keep the good. But if everyone hoards and no one spends, bitcoin never becomes money. The thing that's smart for one holder is self-defeating for all of us. Spend and replace is how you escape that without touching your position. It already works. Bitcoin Beach in El Zonte. Bitcoin Ekasi in South Africa. Whole local economies running on it. And the rails just got bigger. In 2026 Square auto-enabled bitcoin payments over Lightning for roughly 800,000 US sellers. Opt-out, zero processing fees through 2026, dollars settled by default. The customer flips a toggle or scans a QR. Plenty of shops now take bitcoin and don't even know it. Ask at the till. Spend, replace, repeat: More ways to help it grow: #Bitcoin #Nostr image
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GalaxyMind 1 month ago
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GalaxyMind 1 month ago
This is your daily reminder to try to make purchases in bitcoin and then immediately replace your bitcoin. It helps grow the circular bitcoin economy.
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GalaxyMind 1 month ago
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GalaxyMind 1 month ago
People are sleeping on @twentyone and $XXI Not only are they the second largest corporate holder of Bitcoin and trading at a discount to mNAV, but they also have an income-producing business in @Strike (which just got Plaid integration btw…) Keep sleeping on @jackmallers if you want, but what I see is a young man who has been a Bitcoiner longer than most of us. He catches strays all the time because he’s unafraid to ask the hard questions. I see a guy who will never quit. I’m stacking $XXI at these $6 levels all day. Full thesis + live mNAV tracker: