Nostr Web Client

My accountant going through my Nostr zaps like

🚨 Bingo nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ! People wonder why government rules feel like they’re squeezing us tighter every year? It’s INFLATION EROSION! Policies set with fixed $$ amounts—like Trump’s proposed $600 crypto exemption—get totally skewed over time. Without auto-adjustments, they hit WAY more people than intended. 😤💸

Remember the original 1913 income tax brackets? Started at $3k exemption with top rate 7% over $500k. But no inflation indexing meant “bracket creep”—folks pushed into higher taxes just from rising prices, not real wealth gains. Middle class got hammered! 📈🚫

Same BS with the $10k cash rule from 1970. Travel or transact over that? Report it! But $10k back then = ~$80k today. Now it snags everyday stuff, invading privacy & adding red tape. Pure policy drift! ✈️💼

For crypto: That $600 de minimis could shrink to peanuts in real value fast, killing innovation. Lesson from econ history? INDEX EVERYTHING to CPI from day one! No more stealth taxes.

#InflationTrap

Replying to

AirtimeAdventures

🚨 Bitcoiners, wake up! This is the harsh reality of “Bitcoin-friendly” apps still chained to the old financial system. Big shoutout to @DrJeff for calling it out in your post – spot on! 👏

I’ve been all-in on supporting companies like @jack’s @CashApp that embrace #Bitcoin. DCA’d for YEARS, watched my stack moon… but now? I can’t even self-custody it all in my #Bitkey wallet! 😤

Why? Arbitrary daily/weekly limits that NO ONE can lift. 1.5 years of endless support calls, begging for escalation – nada. No concierge, no mercy. Just friction designed to keep you trapped.

Buyer beware: Escaping the legacy system ain’t easy. Who’s with me? Time to demand better! #Bitcoin #SelfCustody #CryptoFreedom

AirtimeAdventures 5mo ago

nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l #cashapp nostr:npub1tkey6tcfk0jf2ageje7xvqnnph4443h4pc4aqesuqjeywyke073qfmwral

Replying to

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Thoughts on Bitcoin Treasury Companies (BTCs)

POSITIVES:

1. BTCs are inevitable at this point in monetary history. Many of us saw them coming many years ago.

2. BTCs put the theory of "Speculative Arbitrage" or "Speculative Attack" into practice. That is, they sell/short depreciating US dollars and go long/buy appreciating bitcoin. -- This is a *nearly* surefire way to increase purchasing power over time.. and will hasten the transfer of purchasing power from traditional fiat assets into the Bitcoin network.

3. Done well--by employing shrewd levels of leverage and well-constructed financial instruments at opportune times--BTCs may outperform bitcoin over a multi-year period.

4. Many current and future strategies of "mining fiat" by BTCs will perform well during a bull market, and should serve to increase "bitcoin yield" over time... benefitting bitcoin-focused shareholders.

NEGATIVES:

1. The more BTCs that exist, the more downward pressure will build upon their respective mNAVs.

2. Many current and future strategies of "mining fiat" by BTCs will perform poorly during a bear market, likely resulting in extreme declines in share price and--more significantly--loss of balance sheet bitcoin via margin calls and/or outright sales to maintain solvency.

3. The management of many current and future BTCs will inevitably deploy "too much" leverage "too late" into a bull market and will put their operating company and bitcoin and shareholders at risk.

4. Poor management decisions and fees will lead to chronic underperformance of many BTCs.

5. Trusting BTC managers (and their custodians) to safely custody their (and their shareholders) bitcoin is its own risk over individual custody in cold storage. Though more convenient, there will be more points of failure.

6. Most importantly, Bitcoin isn't just some speculative fiat asset... IT IS, LITERALLY, A COMPLETELY NEW AND BETTER FORM OF MONEY, WITH IT'S OWN FINANCIAL ECOSYSTEM AND GLOBAL ECONOMY. Intertwining, fiat assets and Wall Street products with the Bitcoin monetary and financial network continues to empower and encourage the traditional fiat system, with its perverse incentives and power structures.

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OPINION:

I don't begrudge those OG Bitcoiners who are participating in BTCs... which seem to be the darlings of the current Bitcoin bull market. In fact, as a traditional hedge fund manager-turned-Bitcoiner, I have one foot in the fiat world and one foot in Bitcoin... so I am the Chief of Hypocrites.

But I think that we--and future generations--would be best served by simply removing ourselves from the current fiat economy and focusing our TIME and ENERGY into building better products and services on the (completely separate and sustainable) Bitcoin network.

This will hasten the separation of Money and State and will allow us to more quickly engineer a better tomorrow.

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Just my two sats. Hope it helps.

Onward and upward.

AirtimeAdventures 5mo ago 💬 1

🚨 Bitcoiners, wake up! This is the harsh reality of “Bitcoin-friendly” apps still chained to the old financial system. Big shoutout to @DrJeff for calling it out in your post – spot on! 👏

I’ve been all-in on supporting companies like @jack’s @CashApp that embrace #Bitcoin. DCA’d for YEARS, watched my stack moon… but now? I can’t even self-custody it all in my #Bitkey wallet! 😤

Why? Arbitrary daily/weekly limits that NO ONE can lift. 1.5 years of endless support calls, begging for escalation – nada. No concierge, no mercy. Just friction designed to keep you trapped.

Buyer beware: Escaping the legacy system ain’t easy. Who’s with me? Time to demand better! #Bitcoin #SelfCustody #CryptoFreedom

AirtimeAdventures 11mo ago

nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m

Now would be a great time to consolidate UTXO’s on Bitkey. If only there was an escalation path to move larger amounts of BTC from CashApp to Bitkey.

nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8 nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u

AirtimeAdventures 11mo ago 💬 2

@CashApp @jack

I've been a loyal supporter, DCA'ing through CashApp since day one to help grow the ecosystem. However, with Bitcoin's current valuation, the USD withdrawal limits are severely restricting my ability to take self-custody of my assets. At this rate, moving my Bitcoin to BitKey or any other hardware wallet could take years with the current restrictive daily and weekly transaction limits.

Reaching out several times this past year to CashApp support has not helped. The response is the same each time saying they will send it to the team and then the ticket is closed.

We need an escalation path for those of us with significant investments to bypass these outdated limits. Other companies I support in this space like @Swan, @strike, and @River allow for much larger withdrawals without the hassle. I want to continue supporting CashApp, but the current system requires too much time and effort for simple transactions.

Please consider implementing a solution for higher withdrawal amounts. If anyone has connections or suggestions on how to get this issue addressed, your input would be invaluable.

@jackmallers @JeffBooth @NatalieBrunell @prestonpysh @ODELL @caitlinlong @DrJeffSnider @LynAldenContact

AirtimeAdventures 11mo ago

nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m Please create an escalation path for amounts over current USD limits for moving BTC from CashApp to BitKey.

In the spirit of supporting early adopter companies I’ve DCA’d via CashApp since inception. The limits are in USD, and with BTC’s current value in USD, it will take years and a lot of time initiating transfers to self custody.

Thank you.