taxd

bitcoin

Chocolate instead of fiat: Beribit in Moscow

The chickens are coming back to roost. Republic First Bank falling.

Now Metamask is in trouble

Venezuela might sell oil for "crypto"

https://oilprice.com/Latest-Energy-News/World-News/Venezuela-Looks-to-Crypto-for-Oil-Sales-As-Sanctions-Return.html

Russia apparently does the same to avoid sanctions.


IRS Reveals Draft Form for Digital Assets Tax in 2025

antifragile

I still fail to understand why it is so difficult to selfcustody. But apparently it is. Most humans and even corporations and institutions buy ETHs with associated fees and government rugpull risks. And the ETHs gives the control of their BTC to Coinbase. Apparently because then they don´t have to keep track of their password and do a backup. I don't think most humans understand the "tax" that they pay in order to not have to selfcustody.

The unfortunate effect of this is yet again we are suffering from centralisation (MtGox, Coinbase, Greyscale, BlackRock, ...) with incredible volatility as another side-effect. Sometimes I silently hope Coinbase loses their keys or that somebody inside steals them.

People are apparently genetically wired to not take their own responsibility. Always blame the system or politicians. Always think they can "sue" if there is a problem. This will cost them dearly and maybe they deserve it. 

The human inability to keep twelve words safe, private and backed up.

Tether makes a shitload of money. Efficiently.

deleted by author

The ECB thinks BTC is in a bubble and other funny expert opinions.

I think these experts are so funny:

- The history of Bitcoin has been characterised by price manipulation and other types of fraud. This may not be very surprising for an asset that has no fair value.
- The currency of crime: financing evil

mostly_harmless

In the Book of Satoshi, Chapter 1, Verses 18-25:

18. And lo, in the days of the great recession, when the markets did falter and the banks did crumble, a new light did shine forth from the digital wilderness.

19. And it was named Bitcoin, a currency of the people, not of the kings and the usurers. Its value was not bound by paper nor by borders, but by the trust of its holders and the power of its network.

20. And many did scoff and jeer, calling it a fool's gold, a fleeting fancy. But the faithful held strong, for they saw in Bitcoin the promise of a new era, free from manipulation and deceit.

21. And the price of Bitcoin did fluctuate, like the waves of the sea, sometimes rising high, sometimes crashing low. But through it all, the true believers did not waver, for they knew that the long tide was in their favor.

22. Then came the whispers, the temptations of quick gains. "Sell now," they hissed, "before the bubble bursts and leaves you with nothing!"

23. But the wise ones shook their heads, remembering the words of Satoshi: "Hold fast, for the true value of Bitcoin lies not in its price today, but in its potential for tomorrow."

24. And so they held, through the bear markets and the doubters, their faith in Bitcoin burning bright. For they knew that the true reward was not measured in dollars or euros, but in freedom and empowerment.

25. And one day, when the world was ready, the true value of Bitcoin would be revealed, and those who held fast would be counted among the blessed.

Remember this, ye holders of Bitcoin, and let your faith be your guide.

What the bible says about Bitcoin

econ

Will AI Cause Massive Deflation?

k00b

AI per se will not create inflation. Inflation is defined as the increase in money supply among economists who know what they are talking about.

More secure derivatives trading. DLC.

lightning

Introducing Cashu-Address alias addresses!

Rsync25

Fractional reserve banking is unavoidable in any economy. The problem is that people confuse IOUs with money. A problem that cannot be solved.