Untill you buy something online, as sample.

Exactly as I described you don't need it when you do personal transactions.

Proving who you are is not the problem.

Abuse by government, organizations etc is the risk.

Not knowing where or who you send a Bitcoin payment to is a risk.

So I only rely on personal LN payments and an occasional on chain payment with known parties.

I'm in favor of less government and local communities.

Perhaps that is the only way forward and in that case you always interact with someone in person also when you make an onchain payment ?

It seems like an unsolved dilemma where you want payments to be anonymous, but on the other hand you want to know to whom you are sending money?

Unless you only interact with known individuals or a trusted intermediate.

Adoption is > hodl, it also means spending.

In most of Europe you can't spend Bitcoin yet.

I want to live on a Bitcoin Standard.

That is why I'm interested in Portugal/Madeira.

But if I see a big chance of these countries bending the knee for Europe (taxing Bitcoin gains, or worse) I better start relocating even outside the EU.

I was hoping Madeira could resist some EU pressuring, but I don't know of that is possible/sustainable in the longer run ?

Bitcoiner from Madeira interesting.

Do you see any reason legislation of Bitcoin being exemptioned from taxing going to change anytime soon in Portugal/Madeira ?

Any idea on how Madeira might react if the EU will push for such thing or even turns toxic against Bitcoin holdings ?

Madeira is an autonomous region of Portugal but will it be able to withstand much force from the EU ?

The only correct view.

No guarantees as humans are pretty good at messing up things...

But in this age of information and interconnectivity we could be surprised how fast it could go.

Also current abuse of the fiat system is forcing a lot of people to think about alternatives.

#Bitcoin could well be our last chance to freedom.

So let's not fuck this up.

I still wonder how in the future they will look back at this fiat period.

Will they ask how they managed to brainwash two-three generations ?

Will they question the education system ?

What about all institutions that used it to flee the population ?

Fiat corrupted every single institution, organization and Government.

It enabled power concentration and that attracted psychopaths.

We either stop it or it will stop mankind.

Will we learn from it ?

If I would do so, I would want the loan period to be 1 to 4 years.

Such I can use a next upturn to sell some BTC to pay off the loan.

If you do that during an upturn, to pay off your previous loan, take into account it could go down 70-80%, meaning you should be able to put more Bitcoin in as collateral...

I think it is a fiat thought to do so (mostly designed to offset gains or capital to prevent one to have to pay taxes on those).

If you could wait another cycle you shouldn't have to worry and should be able to spend some bitcoin and even make a fiat buffer to survive the next bear ?

The whole taxes on #Bitcoin gains is only solvable by moving to a better jurisdiction.

And in my view the only sane action to do...

Starve the beast.

No these things ain't easy, freedom never is..

I know a few finally making some interesting profits..

If they bought #Bitcoin at the time..............

Any tips for someone who is going to Madaira to hunt some properties ?

That is what you get when you push into action a person that just wants to be left alone..

HERO..

A lot can be learned from that observation.

It is a human flaw.

The more a specific person stands out above average, mostly in just one specific topic or expertise, the bigger the ego gets.

If it is allowed to continue for some years most people get so used to being smarter they start to think they are just better in most other things as well.

Since they are smart they don't fail often even in the fields they are not an expert in.

Their status of being above average makes most hold back to argue the 'smart' ones.

And so they fall to the God syndrome.

They think they know everything better.

They start having opinions about everything even the fields they have no real knowledge about.

All arguments of others are dismissed by default because others are not as smart as they are.

The bigger the difference between those smart asses and the average the blinder it makes them.

They get to positions in big companies or government where they have way too much power and can start destroying things without much opposition.

Some surf in their slipstream by just saying "Yes you are right".

Others know not to argue as it will ruin their career.

That are what I call "smart but dangerous people".

There are too many of them.

Most people have a way too short, fiat, time frame in mind.

But generations ahead could well be the opposite take 😇

If I see what has changed in those ~16 years #Bitcoin has been around, I wonder where we will be just another 16 years from now ?

It could surprise us both !

Let's just fight/support for that better world, it can't come fast enough !

Bitcoin is "just" sound, decentralized money.

Hard capped is another worthwhile aspect 😇

As such it prevents you to be affected by inflation or being subjected to not being able to transact to or from anyone you would like to/from.

That are first order effects.

A other things take more time to think through.

Like how it will effect banks/governments if their printing fiat capabilities are taken away.

The first order effects are for people individually.

Most other effects are humanity wide.

It will literally change the world we know, it just takes time.

Money has a limited function.

#Bitcoin will fix a lot, but you can't expect it to fix everything ?

It's ok.

I like a large pool of potential people I can hire in the future for some sats and hour.....

That is one, but who is ALSO gonna pay with #Bitcoin ?

That is the problem, we think so, but they don't give a shit about what we think !

Those thinking Laszlo made a bad deal, are only signaling they feel stupid for not getting in at that time and Hodl, but are too arrogant to admit it....

In private, or making such a mistake for a company would definitely have consequences.

But Goverment has no responsibility what so ever.

How can anyone expect such construction to work properly in any way ?

Just another thing #Bitcoin fixes.

Looking back at new currency introductions, I lived through the Euro introduction, them becoming a unit of account takes time.

Even when everyone is using a new currency, like the Euro, it can still take years for most to get the previous unit of account out of their heads.

It is even worse for big purchases like a house.

I think some 10 years after the introduction of the Euro many still referred to the previous unit of account when buying a house.

So first way more have to start using #Bitcoin every day.

And than it will still take a few years up to 10 years to fully set in.

That one dollar right now still buys you some 917 Satoshi will most only regard as cheap when #Bitcoin hits 1 million.

Don't be one of those.

Look at it differently.

They can give up their power and embrace #Bitcoin, or fight it.

It can't be a big surprise most choose to fight it ?

We can only speed it up by moving to #Bitcoin friendly jurisdictions.

The other option is helping them stay in power....

I look at those that help them stay in power in almost the same way as the actual Government trying to enslave me.

Sorry 🤷‍♂️

It is not by accident.

Consider inflation, and all conventional saving methods result in zero gains.

That way they 'force' you to invest in more risky things.

They tax the gains while you bare the risks.

If you lose, your problem.

If you gain, their profit.

You are their click fund.

It would take me a whole day to explain every way that government is robbing you with every move you make.

Most can't take it for more than an hour.

They don't want to hear it.

And most of them expect me to be able to explain #Bitcoin to them, and within 30 minutes or something 🤷‍♂️

It is a trap.

You need money, resources to survive.

But once that is in place, the next step is living your life the way you want to.

The rat race, having more, better, than whomever, is put in place to fill others bags.

#Bitcoin

Can I drop mine, now and then ?

Recently someone messed up exactly that way using a Coldcard.

He has been badmouthing CC for some time, claiming they should have prevented him to fuck up that way...

Being your own bank is not for everyone.

Bitcoin and not knowing what you are doing is a confronting action.

It would be really interesting if every American would, try to, physically withdraw that 5% from their bank 🤯

Have some #Bitcoin ?

The fiat mindset is hard to change.