By and large Bitcoiners criticize people for being NPCs but, personally, it’s all the people with main character syndrome that scare the shit out of me.

A watched bitcoin price never pumps.

The alliteration makes me think he practiced this quote! But it perfectly expresses something that drives me crazy. Bitcoin might be volatile but it’s NOT risky, at least not in a comparable way to other assets. Risk != volatility. Risk = the permanent loss of capital. The real risk in Bitcoin is in things like managing keys and backups and avoiding the $5 wrench attack.

While I do believe Putin has a preferred candidate in the presidential election (Trump IMHO), I think getting his preferred candidate elected is merely a *secondary* goal to his primary goal. I believe his primary goal is to drive further division and chaos in the United States. Regardless of who wins the election in November if he achieves that then he wins. Keep that in mind when some far right or far left person on the internet is saying outrageous things. If someone is expressing a nuanced opinion, you can be pretty damn sure they aren’t a Russian asset (either wittingly or unwittingly).

These dips are made for buyin' And that's just what I'll do One of these days these dips are gonna rip all over you Ya

My multi billion dollar idea is “ADP but not shitty”. As bad as they are it makes me wonder just how bad their competitors are. My other idea is “Buffalo Wild Wings but with decent service”. Has anyone ever been to one and actually been impressed with their service? It seems to be universally bad regardless of geographic location.

I don’t see the government bailing out Walgreens. We have both CVS and Rite Aid. Rite Aid just exited bankrupt as a private company. My CVS is literally a block from Walgreens. Nah. The Feds will just let Walgreens enter bankruptcy.

I don’t see the government bailing out Walgreens. We have both CVS and Rite Aid. Rite Aid just exited bankrupt as a private company. My CVS is literally a block from Walgreens. Nah. The Feds will just let it enter bankruptcy.

My group chats will never die till all of us die!

Welcome Brazil! 🇧🇷 Say hi so we can follow you free speech loving folks!

This is the way. View quoted note →

We need great memes for the difficulty adjustment which was the real game changer. (The fixed supply of 21 million and the halving are great for the Bitcoin narrative and for memes but they are both severely overrated compared to the difficulty adjustment.)

I'm pretty sure a tax on unrealized gains would be found to be unconstitutional especially under the current SCOTUS. For what it's worth, I'd agree. (I helped edit a law review article that dealt in part with this question during law school. I'm a tax attorney.) Also, as a tax attorney, I do think about taxes a lot. In that regard, I do think there should be a tax on high net worth individuals (HNWIs) who take on certain types of debt. This would be an excise tax and clearly constitutional. It could be stylized as an income tax and folded into the income tax regime which is how I'd handle it. Basically, it would apply to a HNWI taking on debt that is either collateralized with highly liquid assets (i.e. not real estate) or that is unsecured but below a certain rate (i.e. credit cards should not count). In the former case, you treat the collateralized assets as if they were sold on the date debt is taken on and the person takes a higher tax basis in the assets. In the latter case, you would have the person use the most liquid assets they own with the lowest tax basis treated as if they were sold on that date and then again, take a higher tax basis in the assets. For the record, I envision the long term cap gains rate applying, not some other rate. Not only would such a law be constitutional, I think it addresses the inherent unfairness most people feel with some HNWIs who start a company, then never pay much tax because those HNWIs rarely sell the stock in the companies they started, but those HNWIs still live as if they sold stock using preferential debt financing even though though those HNWIs have not sold any stock. View quoted note →

What at the best Nostr relays? (I’ll happily pay or good ones, so feel free to shill those to me too.)

@Roger H discussing the important of #Nostr in his new book.

I think Bitcoin, in the long term, will positively impact politics & shrink DC. But until then politics matters. It impacts your life & it impacts the lives of others often in ways that have lifelong consequences. Dismissing it completely is foolish. Don’t believe me? I'll leave it to @RobertACaro who writes the following in chapter one of his new book "Working" (midway through I'll substitute "political power" w/ "politics” in brackets): ———————————————— People are always asking me why I chose Robert Moses and Lyndon Johnson to write about. Well, I must say I never thought of my books as stories of Moses or Johnson. I never had the slightest interest in writing the life of a great man. From the very start I thought of writing biographies as a means of illuminating the times of the men I was writing about and the great forces that molded those times-particularly the force that is political power. Why political power? Because [politics] shapes all of our lives. It shapes your life in little ways that you might not even think about. For example, when you're driving up the Triborough (now Robert F. Kennedy) Bridge in Manhattan in New York, you may notice that the bridge comes down across the East River in Queens opposite 100th Street. So why do you have to drive all the way up to 125th Street to cross it, and then basically drive back, which adds almost three totally unnecessary miles to every Journey across the bridge? Well, the reason is political power. In 1934, Robert Moses was trying to get the Triborough Bridge built, and he couldn't because there wasn't enough public or political support for the project. William Randolph Hurst, the publisher of three influential newspapers in New York, owned a block of tenements on 125th Street. Before the Depression, the tenements had been profitable, but now poor people didn't have jobs, and couldn't pay their rent. Hearst was losing money on the buildings and he wanted the city to take them off his hands by condemning them for some project. Robert Moses saw that the project could be the Triborough Bridge, and that's why the bridge entrance is at 125th Street. That's a small way in which [politics] affects your life. But there are large ways, too. Every time a young man or woman goes to college on a federal education bill passed by Lyndon Johnson, that's [politics]. Every time an elderly man or woman, or an impoverished man or woman of any age, gets a doctor's bill or a hospital bill and sees that it's been paid by Medicare or Medicaid, that's [politics]. Every time a black man or woman is able to walk into a voting booth in the South because of Lyndon Johnson's Voting Rights Act, that's [politics]. And so, unfortunately, is a young man-58,000 young American men-dying a needless death in Vietnam. That's [politics]. It affects your life in all sorts of ways. My books are an attempt to analyze and explain that power.

Amazon.com

Amazon.com

@jack: I just received my Bitkey and I set it up. I’m wondering how the Mobile Pay function actually works. Is it working with Cash App and making a credit & then settling up on chain sometime later? Otherwise I can’t see why 1) there should be a $200 limit and 2) why there should be an ability to send $1 (who should do this on chain? Nobody!), and 3) why it’s (only) in dollars and not #Bitcoin or Sats. I don’t want a bunch of small UXTOs. And I don’t think we should be suggesting low information bitcoiners should do so either.

Guess the answer to the #Bitcoin trivia question without knowing the question. For background, this is general bar trivia. My guess: Satoshi Nakamato.

@jack: I can buy Semler Scientific (“SMLR”) on Robinhood but not Cash App. Any chance we can fix that? I like supporting fellow #Bitcoin equities by owning some of their shares and want to do so on Cash App, not Robinhood because I don’t trust Vladimir Tenev & Cash App is a real Bitcoin company.

The humility and ethics of Satoshi are obvious to all who read his writings. He was (or is) a humble person even though he was (or is) a genius. Some people think we are living in a terrible timeline. But this makes me think we are living in one of the better ones.