New week, busy week LFG🚀
Building
Planning
Travelling
Bush Bash at the end of the week .. excited to see old friends and new
bitcoinbushbash.info
btcschellingpt
btcschellingpt@primal.net
npub1nvfg...e7zd
Bitcoiner
Rational optimist
#AUStrich
OpenSats
Bitcoin Brisbane
bitcoinbushbash@nostrplebs.com
Honeybadger Noob Day
Working on https://primal.net/EscapeHatch
"Legal ownership" is the person or entity that exists on the Government/State's register of asset ownership (eg: Land titles for property)
"Beneficial ownership" is the person or entity that enjoys the rights of ownership and use .. often but not always the same as Legal owner
Bitcoin has no state register of ownership
Ownership of bitcoin is control of the private keys
Very literally: Not your keys, Not your bitcoins
The surveillance companies have unaudited black box software suites that can suggest the probabilistic *beneficial* owner
ETFs and Corporate treasuries have legal ownership of the right for the return of the asset custodied by third parties .. who (hopefully) retain control of those assets
Capital Gains Tax is triggered by a change of Beneficial Owner
Not everywhere .. but definitely within the G20 countries
Thinking about borrowing on your bitcoin? Understand the above!
Absolutely classic @_Checkɱate 🔑⚡🌋☢️🛢️ 🤣 😂
".. this move higher was largely fuelled by an army of bears being taken out the back to the woodshed .."
Bwahahahahahahahaaa .. never change mate!
GM .. I'm grateful to Satoshi 🙏


Amazing what a constant measuring stick can highlight!
BTC still well off it's AUD$ ATH of $174k yet other markets like Turkey and America are each banging new fiat "highs"
The disparity really highlights how fast the USD is debasing, and how important a constant measure like Bitcoin is for measuring the relative debasement that occurs globally
Third parties are security holes
Originally noted by Nick Szabo, it has stood the test of time and applies equally to *privacy*
Whilst peer-to-peer bitcoin use avoids third parties (one of Bitcoin’s super-powers) which helps protects your privacy, introducing third parties such as centralised exchanges, custodians and collateral managers undermines that
The recent case allowing unfettered access by the US Govt to all US exchange customer records emphasises this
https://cryptoslate.com/supreme-court-confirms-irs-right-to-access-customer-data-from-crypto-exchanges-without-warrant/
“But I’m not in the US” i hear you say .. yes .. neither am i .. but ..
Although the US is only 3% of the world, they’re the guiding force behind the expanding surveillance state globally .. if these expanded surveillance powers are now a free-for-all in the US, you should assume they’ll be implemented in your jurisdiction too
Plan accordingly
Choose privacy
Protect yours.
“Weapons of mass destruction”
We’ve all heard that line before
Some of us have figured it out:
They’re the clowns you voted for