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Prioritizing one's own interest is in our nature.
If our ancestors hadn't done that, they wouldn't have passed on their genes.
Once our basic needs our met, our resources often shift towards meeting the needs of those around us. Starting from those we care about the most.
I agree about the fixed costs and was going to mention them. A restaurant has bills and wages to pay.
I do too, but when I post on SN, that doesn't raise my internet or electric bill and it's more fun than work.
I thought SN received 1/3 of the tips, but they were distributed somehow?
Also, on SN there are incentives to zap. When I zapped a lot and the content was zapped by others, I'd get some distributions.
And when you post, you get recognition and can start building a brand e.g. as a blogger.
Regardless of any inflation bugs, there is a trade-off between confidentiality and market cap, because governments don't like the former and will stop large players from getting involved.
For drug purchases there is XMR. We don't need Bitcoin to fill that use case.
So don't use them.
eBay charges more like 10% and I still use it, because I think it worth the service they provide.
I'm attributing the reality that no one has come knocking on my door with a wrench to the actions of the state
I attribute the same for me to keeping my mouth shut.
It's not justification.
Actually taxation is much worse than inflation, because it's outright theft. Having one's wealth inflated away, on the other hand, is a consequence of bad SoV choices.
Bitcoin didn't exist 40 years ago, but gold and stocks did.
Presumably this includes legitimate Coldcard owners moving their coins to new addresses to save them, as there is no way to distinguish?
I never understood the appeal of STRC.
People were excited that it was safer than government bonds, while returning a much higher yield.
I don't know how one can think it's safe. Seems about as safe as UST in the Terra-Luna ecosystem. But the yield on that one was 20%.
Maybe Saylor will boost the yield to match that. It's going to be fun to watch.
pay the dividends and hope that before his cash reserves run out there is a sustained recovery in Bitcoin
What some people are missing is that BTC price is not independent of what Strategy is doing.
BTC can't go up forever when one company owns more and more of it while getting deeper into debt.
I don't watch movies often, I prefer docus / non-fiction.
I was an extra in this one! In August of 2024, as a police officer. Might just watch it for that reason.
If the government bought those shares, it would be stock float taken off the market.
But they're confiscating them.
And how would it benefit the normal shareholders if their vote stops counting, because the government has 50% voting power and ensures the company serves the government's agenda rather than what the market wants?
Sorry to hear.
Presumably the prediction market has been settled.
According to the some Brazilian sources the election could be annulled. Can't find anything from NYT the tweet below claims.
https://x.com/CollinRugg/status/2114505715784298566
One of the actual sources (in Portuguese):
https://www.campograndenews.com.br/politica/decisao-de-zanin-divide-especialistas-sobre-risco-de-anulacao-da-eleicao