Got the invite to BlueSky. Seeing as I like what Jack’s behind, I signed in to it. Went thru a bunch of the suggested Follows. Seemed like a bunch of corporate news media outlets. After seeing the feed, I was not impressed with what it was giving me. Then without having posted anything at all, I received my first follower. Satan! What? Anybody here have any experiences to share on BlueSky yet?

Just watched the Movie “Human B”. Very inspiring take on what Bitcoin is really all about. Forget how Wall Street thinks they will make a ton of money with it. Think more about how it saves the planet.

The next attack on Bitcoin; Congress is making a stink about Terrorism, and the use of Crypto to finance it. Even tho it’s clear that most funding is generated through the Fiat System. They took a look at Bitcoin, and are realizing that Bitcoin is not a good way to gather funds for terrorism due to it’s public blockchain being completely transparent, and the ability to track funds that are transferred on the chain. Just the same they want to make a case against it, which will build public perception that the government needs to step up and regulate it. Here comes the next attack on Bitcoin. The Government says sure, you can have your Bitcoin. We will even allow an ETF to be created to Sell Bitcoin to the American public. The Government even has a nice stash of it that they confiscated from Silk Road and other enforcement actions taken against criminals using Bitcoin. They can sell that stash to Black rock without affecting the price of Bitcoin due to Over the Counter trading that does not go through exchanges. The next action the government will take against Bitcoin, is to make Self Hosted Wallets Illegal. Now this is getting serious. Now Regulated exchanges, and ETF’s will be the only way you can hold Bitcoin. Now all movement of Bitcoin through these exchanges is much easier to trace, and also control where it can be sent to. The same way, and reason they also want to create a CBDC. On top of that, just wait and see what the Exchanges, and ETF managers do with Bitcoin in their possession. They will of coarse sell the public more Bitcoin then they really have. That’s how they can make a ton of money. Of course Congress men will have their hands in the pockets of these regulated exchanges to enrich themselves. What a wonderful windfall for them. If you are a true Bitcoiner, you will be forced to work outside of the Law. You will not be able to move your self custody Bitcoin in and out of exchanges. You will only be able to trade, and move it among other Bitcoiners willing to operate undercover outside of the law. The time is now to make a stink with your lawmakers to prevent this from happening. Good Luck All!

The next attack on Bitcoin; Congress is making a stink about Terrorism, and the use of Crypto to finance it. Even tho it’s clear that most funding is generated through the Fiat System. They took a look at Bitcoin, and are realizing that Bitcoin is not a good way to gather funds for terrorism due to it’s public blockchain being completely transparent, and the ability to track funds that are transferred on the chain. Just the same they want to make a case against it, which will build public perception that the government needs to step up and regulate it. Here comes the next attack on Bitcoin. The Government says sure, you can have your Bitcoin. We will even allow an ETF to be created to Sell Bitcoin to the American public. The Government even has a nice stash of it that they confiscated from Silk Road and other enforcement actions taken against criminals using Bitcoin. They can sell that stash to Black rock without affecting the price of Bitcoin due to Over the Counter trading that does not go through exchanges. The next action the government will take against Bitcoin, is to make Self Hosted Wallets Illegal. Now this is getting serious. Now Regulated exchanges, and ETF’s will be the only way you can hold Bitcoin. Now all movement of Bitcoin through these exchanges is much easier to trace, and also control where it can be sent to. The same way, and reason they also want to create a CBDC. On top of that, just wait and see what the Exchanges, and ETF managers do with Bitcoin in their possession. They will of coarse sell the public more Bitcoin then they really have. That’s how they can make a ton of money. Of course Congress men will have their hands in the pockets of these regulated exchanges to enrich themselves. What a wonderful windfall for them. If you are a true Bitcoiner, you will be forced to work outside of the Law. You will not be able to move your self custody Bitcoin in and out of exchanges. You will only be able to trade, and move it among other Bitcoiners willing to operate undercover outside of the law. The time is now to make a stink with your lawmakers to prevent this from happening. Good Luck All!

Thoughts about exchanging Bitcoin the other day! Our government wants to charge you Capital Gains on Bitcoin transactions. You bought it originally with Fiat money’s you earned, and were already taxed on. You own it now. Then you want to use it to buy something or exchange it for something else. Say that you want to exchange it for another Crypto (God forbid). The Government likes to think of it as, you sold the Bitcoin for Fiat, and then purchased the other commodity with the Fiat. If you did that, then OK. I would say that you are using their monetary system that they maintain, and they have a right to charge you a rent of using it. But you did not do that. You operated completely outside of their monetary system to make the trade thru an exchange and in my mind then they have no right to charge you rent to use their system. You could have traded the Bitcoin for Services or Products with someone that wants Bitcoin in exchange. Then again you did not use their monetary system for these exchanges. What if you had 4 chairs, and you wanted a bed. What if you found somebody that wanted 4 chairs that had a bed that you wanted. If you were to trade that person your 4 chairs for that persons bed, would your government want to charge you a tax on that transaction. If you exchanged for Fiat money and then the bed maybe OK, but in the example above you operated completely outside of the their monetary system, and therefore the government should not be charging you rent to use their system in the form of taxes.

I recently found myself thinking of how to fix the insider trading dilemma. It’s seemingly an impossible task to tell a politician or Wall Street insider they cannot profit on trades based on insider information. They may not be able to do it themselves, but of course then they can tell family members or friends of this inside information, and let them make the trades to make them rich, and share it with the person giving them the information. What then? Prevent family and friends from using any inside information to make trades. How much time and effort would be spent to chase that down? It’s a vicious and impossible circle in my mind. Maybe these are a solution; 1) Every trade is immediately, and completely traceable on a public blockchain for everybody to have access to. No place to hide, and no 45 day waiting period to disclosure. 2) Or Let insider trading just happen. The weight of dishonestly in the markets will collapse the entire system as the public discovers that it is so fixed, it makes no sense to be in it.

What is America thinking to create more money to build weapons of mass destruction to send to other countries. How many of those weapons will end up in the hands of our enemies anyway, just as they did in Afghanistan. Meanwhile people are pouring into the US, via our southern borders illegally, without any documentation of whom these people are, or where they came from. I don’t mind that people in the world want to come to America. I would welcome those hard working, honest people and families to help build America into a great nation. But why can it not be done in an organized, and safe way for all of us Americans. There are too many to fast, and not enough infrastructure to house them safely. They should be properly vetted, and approved for entry in their own countries before they waist their time making the long trip to come here. This is where we should spend our money. Not for weapons of WAR!

Wrote my congress persons today, letting them know I support responsible cryptocurrency regulation in the USA, that supports the right of Americans to have financial freedom from the tyranny of the US dollar. Fell on deaf ears I’ll bet. After all, they are very old congress people, that just don’t get it. They’re just lined up at the government printing press, collecting their fiat before everybody else, just like clockwork. Why would they want to do anything to change that.

I don’t know how everybody else feels about stable coins, but I think it’s a bunch of baloney. Sure it facilitates cross boarder payment, without fluctuation of value in terms of the US dollar. Get that! But of coarse the Value of the dollar is in constant fluctuation with the value of other world fiat currencies around the world. The world will be much better off, when commodities, and services are valued in Bitcoin. Who gives a rat’s ass, what Bitcoin is worth in dollars.