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Purpose for 2025, make people understand that Bitcoin needs to be used as money or we are screwed.

Statist morons like Saylor that some of you worship want bitcoin to be a security or commodity (SEC) and this is very bad.

If bitcoin is a security or commodity and not money, it is subject to capital gains taxation in most countries in the world, Bitcoin will serve to support the state, and since KYC environments have become the on and off ramps the states have it all under control, we have lost the war.

Bitcoin needs to be used as money, with Lightning it can be used perfectly well and with Liquid too, although many of you criticize Liquid for being federated, it is preferable to use federated and escrow services than not using them and just doing HODL.

HODL does not help guys, Bitrefill and its cards and other similar services is the little we have or Destinia where you can pay with Bitcoin. We have been stagnant for years and we are not moving forward, if you have a commerce accept Bitcoin, it is the best thing you will do for the world and your children.

The state is winning, I hope you have it clear.

leadbyexample 1y ago

I don't agree with the above, but I see your point.

The real issue is owning KYC bitcoin, and with that, it is irrelevant whether "owners" of KYC bitcoin want to hodl or buy things with it, someone else will still be able to control it.

I see your post as "do this and that so governments will understand and do what it's better for you". That will never happen.

Self-custody hodl lets users stick to their own coins and start spending them whenever they decide it's time. Before then, Grasham's law says everyone will spend their worthless fiat while keeping in store the better money.

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Discussion

Cyph3rp9nk 1y ago

I don't think you understood my post or the importance of using bitcoin as money.

If you don't, bitcoin will only serve you to buy four silly things on the internet.

Try buying a house or a car with bitcoin.

You must understand what capital gains means.

Bitcoin must be money if we want to earn, otherwise it only serves to further enrich the state.

BoomTown 1y ago

If NGU it will be used as money. The biggest threat the states/corporations bring is the ability to fractional reserve bank bitcoin which will keep the price suppressed.

789e4172... 1y ago

Bitcoin is an asset. It is hoarded for its future value, like an asset. It is taxed on capital gains, like an asset. It is borrowed against, like an asset.

Each transaction in Bitcoin requires reporting to the tax authorities. How many transactions an person or business makes per day? How many per year? Each one is a single line on a tax filling.

Bitcoin can't be money as long as it is vue as an asset by its users and governments. It can't be money as long as each transaction is a capital gain tax event.