Government grows ever larger and more powerful by “legally” stealing your purchasing power via taxes and inflation.

People can slowly defund and diminish this nefarious scheme by exchanging their fiat currencies for #Bitcoin, which is designed to preserve and grow purchasing power over time in a decentralized and secure manner.

#Bitcoin  dominance back over 50% 👀

Talking about tax legitimizes it.

I dream of a world where bitcoiners stop this trend they are on where they keep legitimizing the concept of tax by talking about it like it's something we need to think about.

If Bitcoin works, then at some point **you will be required by law to hand it over to the State**.

If you're someone who's *already* concerned about what type of Bitcoin transaction constitutes a "taxable event", then what are you going to do when self custody is totally illegal? That's right, you'll be handing over your coins faster than you can boil asparagus.

There is no technical solution for a desire to comply. Bitcoin helps those who help themselves, it will never free those who don't value freedom.

So do I. But it cannot be used as a medium of exchange for the entire economic population, because it cannot process enough transactions. For it to be money, the entire population needs to be able to use it as a medium of exchange, but that isn't possible.

You're Bitcoin is free of banks, but it isn't money. I want money that's free of the banks, but money requires the following properties, some of which Bitcoin doesn't have and can't be obtained with today's L2's:

1. Durable ✅

2. Portable ✅

3. Divisible ✅

4. Scarce ✅

5. Verifiable ✅

6. Fungible ❌

7. Medium of exchange ❌

Without #6 and #7 Bitcoin will be a terrific financial instrument, but never money. Something else will always be used as money.

Sidechains can enable scale (medium of exchange) and fungibility, but they need to be trustless pegs, or else we end up with trusted money.

Since trustless p2p money would make us vastly more free than 'digital gold', I maintain we should still be striving for #6 & #7.

More nights like this please

The bottom is not in

If you lived during the Agricultural Revolution or the Industrial Revolution, would you be able to fathom the scale of the transformative shifts underway and their implications for human civilisation?

Due to our survival instincts, humans have an inherent negativity bias, which makes it challenging to equally weight the positive changes which are taking place.

Here are a few technologies that make me optimistic for humanity's future:

- Bitcoin

- Nostr

- Permaculture, aquaculture and vertical farming

- Water harvesting

- Solar and fusion

- Lithium-ion and nickel–hydrogen battery storage

- Linux and BSD

- Quantum compute

- AI / ML

- Robotics and automation

- Material engineering

- 3D printing

Technological change carries existential risk for humanity, from societal and birth rate collapse to information, kinetic and biological warfare.

But it's easy to see the negative without truly appreciating the extraordinary potential of these technologies for humanity.

We are living in revolutionary times.

Mosanobu fukokua,

Back to Eden documentary on YouTube by Paul gauche.