0 sats \ 1 reply \ @TheBTCManual 8h \ parent \ on: This Man Says He Legally Hasn't Paid Federal Taxes In Over 30 Years econ
But wheres the blueprint, if its so easy lay out the game plan dude says nothing one can use practically. He gives me major sovcit vibes and when I get that I'm already dismissive over any claims people make
Like oh i'm going to show up with some tax code book point out some lines and my employers going to say okay removing deduction and shift it to your bank account sorry for the inconvenience
LOL this! FR, like damn all your monopoly on money and violence, this passage in this book says otherwise, wtf bro this isnt' some harry potter magic spell shit?
It's a custodian without the legal protections afforded by current custodians, you trade that for the privacy aspect, and you select how much risk/exposure is right for you.
I think for these mints/federations to work, you need to have a relationship with the custodian, a friend, family member, local leader, that's not to say they can't or won't rug you and everyone in the mint, but if people know where you live, it is a deterrent.
This custody model is pretty popular in South Africa, one person has a bank account/manages cash for the community, we call it stokvels, and these stokvels hold millions of dollars/billions of South African rands and I think it works for small purchases low value, and if you build wealth you go your own way
I know its a bit scifi out there, and i'm not sure this Ai we see now will get to this point
But sometimes I think that if Ai does get to the general AI point it's actually the collective thinking of humanity, and it extends it beyond the limitations of the biological, if we're merely data, we can dematerialse the human experience and move beyond the current limitations.
We could transport that data to new worlds, reform it there, start again, to expand the pursuit of humanity to a wider universe with more resources to keep on exploring
I do, i started in 2014 when I began my personal finance journey, I'd been working for 3 years at that point so I actually had some savings and wanted to figure out what I could do with it, i'd always been a good saver, but I could see it wasn't going anywhere and I needed to invest, and I went into stonks, ETFs and gold and later Bitcoin and shitcoins
I think tracking it helped me find what worked and what didn't work, and through a process of elimination i found my way back to Bitcoin
I don't track it as aggressively as I did before because the fiat number becomes less important as inflation just makes number go up, but keeping track of how much relative purchasing power I have gives me a sense of the things I can access in future, what amount of risk I can take in my business and life and if I can support my family in times of need or cover my own emergencies
Someones spending is another persons salary, so someone has to keep doing it to keep businesses alive and drive economic activity
The continuation of the species is important we don't know where humanity will go and what it will face so genetic diversity is important to safegaurd against it in a macro sense, but i think if I were to make a case against it, i'd say
If you feel you couldn't provide for them or have no desire to take responsiblity for them, I suppose would be the primary reasoning, or maybe the country you're in would condemn them to a life you feel would be horrible
Monks, Priests and nuns don't have kids and that has been the case for many years, no one is saying that they are selfish, they just have chosen a different cause to devote their lives to and find meaning, and they also provide a service communities final valubale.
i'm an Arsenal fan and I don't think we could have played much better this season, gutted that Aston Villa loss would be our downfall, but City are such a well drilled machine they don't give you a sniff
I don't see Moysie pulling off an upset
LOL if this is your job description - https://www.theverge.com/authors/ash-parrish
Then interest rates are not nearly high enough
Lol and if you're on PC you'll have to wait til 2027 for a stable release.
I wonder if they would have released in 2025, if their stuff wasn't leaked by those minecraft kids
Already products like this Blink wallet offers it, Fuji Moneys FUSD on Liquid and eCash mints can do it, but like fiat it requires a counterparty to manage and then again these BTC-backed USD isn't interoperable with many payment providers so where are you spending it or using it?
That is some bleak reading, I guess some people could sell up and move to a anoterh country to extend that runway, but sadly it looks like a lot of people primed to require government assistance to stay afloat because theyll continue to ignore bitcoin
Oh gubbermint please save me
Lol people really love this de-dollarization trip, yeah I get it BRICS countries don't have access to dollars/have liquid dollar markets anymore and don't want to hold the bag of US treasuries that can be rugged, and trading in local currency of each nation is inefficient but who else is going to hold this unit but central banks for clearing?
The company, the average person isn't going to get units, they're just going to see their countries local CB spit out their local shitcoin on each end thats still devaluing faster than the dollar and thats a lot of people and companies still wanting dollars, because they haven't figured out Bitcoin yet
I think I get what you're trying to say if we;re on a bitcoin standard and deflation continues to compound those smaller transactions will be valuable in real terms and sure that could be a possibility
But even if everything is priced in sats the network itself will price out certain transactions based on the fees, no sense in making transactions where the fees eats away your entire transaction and leaves you with dust as change,
In that world we would be competing with the entire world for block space so it likely won't come cheap even if you are willing to wait
Absolutely, If you google like Stake it bought a Curaçaoan licence, but you can get your ass theres no servers sitting there or even much of an operation there
They often have complex structures with shell companies all over the place and banking services through proxies, so running your own bitcoin and crypto infrastructure is so much easier.
these sites are also uses as mixing services because casinos don't really operate like exchanges, theres reports of operations sending funds to offshore casinos and washing their funds and pulling out stablecoins or Bitcoin so that could be another source of funds moving in and out
Who knows what kind of ponzis projects get spun up over the next year and how much leverage gets built ontop of that considering the size of the Bitcoin market now, the numbers will be nuts and can drive quite a frenzy, I can imagine some of these institutions are not ready for it
Going to be a hell of a ride im sure