If you buy a beer with bitcoin right now you may incur a capital loss on those sats. That means you get a tax write off by buying that beer!

“I am not an advocate for frequent changes in laws and Constitutions. But laws and institutions must go hand in hand with the progress of the human mind. As that becomes more developed, more enlightened, as new discoveries are made, new truths discovered and manners and opinions change, with the change of circumstances, institutions must advance also to keep pace with the times.” Thomas Jefferson

I think in the future, #Strategy will effectively set the floor rate at which we can borrow against #Bitcoin. Why would the borrow rate ever be lower than the yield on #STRC? If I could borrow dollars against my #BTC at 5% and make 11% on STRC I would borrow as much as I could. If I can put my dollars into STRC at 11%, why would I ever lend them to BTC collateralized borrowers at 5%?

I wonder if the Patriot Act will be a victim of the Fourth Turning and the next turning will bring a rebirth of privacy and individual sovereignty. Freedom from the algorithms that steer our lives.

I wish more podcasts would ask questions about the future and what the network needs, what we are optimistic about, what we need to build for more adoption. The back-looking price questions, DAT questions and cycle questions are boring. I appreciate @TFTC for the philosophical and forward looking discussions.

Running bitcoin

I made my first bitcoin purchase! Apparently I paid 30,781 bitcoin for three drinks at a local brewery 🤣 so it’s not just OGs moving lots of coins around… Thanks @jack ! ❤️

Let’s say 90% of gold’s value stems from its monetary premium, not its utility (for jewelry, electronics, etc). As such, it is primarily the properties of gold as money that dictate this value. Gold is durable and scarce. It is not salable (where can you buy things with it?), it is not divisible (in practical terms for users), it is not portable (who wants to carry around their gold that they can’t even spend?), it is not uniform in a practical sense (we don’t all use gold coins or certificates that are the same), it is not verifiable (for obvious reasons), it is not accessible (how many people around the world can reasonably use gold day to day?). So if durability and scarcity alone drive 90% of gold’s value, then those same properties, plus all of the others that Bitcoin truly has, implies the inherent value of Bitcoin is significantly higher than that of gold. @Saifedean Ammous @HODL @jack mallers

Hi @nat brunell I bought you book for each of my two no-coiner sisters for Christmas, and for myself. Thank you ❤️

I am a Bitcoin treasury.

Went to my first #Bitcoin meetup last night, met 12 really kind, thoughtful and interesting local people and talked for several hours about #BTC. Got to hear some fun stories of how people were orange pilled and learned some interesting history about El Salvador and the previous monetary systems there and some of the challenges they are facing with all of the changes and influx of foreign capital.