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Marinatin
20913d748e64bb87bec2b2c7f9da6a54daab74ab83efe5224988781358ec1732
Use the computer. Don't let the computer use you. There's a war going on. The battlefield is in the mind. And the prize is the soul. - Prince

They can’t close it down but they sure as hell can tag you and bag you for transacting, crush parallel economies, close on/off ramps, regulate your qualified account holdings. Easy work in an era of AI policing….especially after CBDC rolls out via the next crisis. Even Saif and Grommen have said (paraphrasing) “ you better make an allocation you’re comfortable having locked up for a period of time”. Hmm.

Replying to Avatar Lyn Alden

Out-freaking-standing!

Done. Onslaught has only just begun. Been trying to discuss these threat vectors with you, albeit imperfectly, for over a year. Is leaving the country inevitable and the only option? Is your game theory still that BTC will run so hard n fast ahead of them that we won’t get to that point? Do we actually believe a black market economy can exist in era of CBDC+AI policing? What about a side pot with a trusted custodian that has a multi-sig multi-institutional multi-jurisdictional structure? What about an instrument that offshores BTC investment and repatriates profits for operating dough until the dust settles in the US (ex. volcano bond)? Immediately, how to get ahead of the rule changes on qualified accounts (IRA,SoloK, etc) BTC holdings, where a large amount of bitcoiners stack?

The onslaught has only just begun. Next Up: IRS guidance/regs on custody-ing BTC in your qualified account (IRA, SoloK, etc). Tried to talk to your OnRamp CEO about such things while vetting em as a possible partner/solution for this issue...but got dismissive nonsense in return. Apparently thinking through these attack vectors "is merely mental masturbation" or "complexity is the enemy of security". That was only after ya'll spent 20min discussing multi-jurisidictional options the on the launch announcement. Very disappointing. What gives?

I had an intro to those guys. Expressed my concerns, albeit imperfectly and with the caveat that if I was barking up the wrong tree, off base in my assessment, or not big enough to waste time on they could just tell me to hose off. Jack ghosted...probably too busy. OnRamp CEO dude was a talk at you not with you kind of a guy and dismissed the concerns saying quippy B.s. like "complexity is the enemy of security" and thinking through these attack vectors is "just mental masturbation".... despite spending 20min gaming out multi-jurisidictional optionality on nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy 's TFTC OnRamp Product announcement. Maybe he thought I was a spook. I dunno. Or its learned hustler behavior from a Google and WeWork pedigree and having not focused anywhere for more than 2-3 years. Is what it is but gave me enough to know that isn't someone I can work with for the long haul or recommend to my bitcoiner brain trust...let alone custody the BTC in my qualified account. If we're backed into a regulatory corner and have to pick the best in class custodian for our BTC, which will obviously come with fees, we're in a sense making an investment in that organization. At minimum they better be able to constructively listen and not be condescending. As a young man I experienced many times that 'Pride Comes Before a Fall'. I fear that a lot of these young dudes may be blinded a bit by their own intellect while grievously underestimating how ugly this monetary battle is going to actually get before BTC wins. I'm also finding that there is often a lot more book smarts in these circles than street smarts, as well as ultra wealthy bitcoiners who are out of touch with the majority because "they'll just move to El Salvador". As bitcoiners we ought to have humble confidence and patience with those who may not be privvy to the same level of info/insight or as far along in the journey or simply disagree. It might even be possible that folks from different disciplines and experience actually have insight that very smart dudes in their 20s or 30s cant yet perceive. With our collective brain power I still believe there are ways to get ahead of some of these seemingly inevitable attack vectors without being faced with having our BTC locked up for an indefinite period of time, as Luke Gromen discussed on nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 's podcast OR worse...be faced with having to leave the country.

Whats the best out of the box turn key Bitaxe miner right now? Aint got time to DIY.

Yup. Then the IRS provides official guidance on qualified account holdings (IRA, ROTH, SoloK) saying trustees can’t custody BTC and have to custody with a bolshevik banking cartel approved custodian (same rules as holding physical metals). Im still not sure how to get ahead of this. OnRamp’s structure makes sense but I dont trust their CEO. Same goes with Swan. Any other more mature players with a multi-sig + multi-institutional structure? who can actually execute a multi-jurisdictional option later? nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 ? nostr:npub1nvxnc8egjlhpqtzrxmav3yk8frf3p7y9wujgwrcgwep2xr77xrvsa0paqn ? nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle ?

Nostr is the Lil John of Bitcoin. A lotta hype men...not a lotta of helpful discourse.

Missing patience with high networth newbs who may want to custody their qualified account (side pot) stack with ya. Or at least the courtesy to respond to someone humbly trying to figure shit out.