Public service reminder:

Bitcoin halving is coming soon. Historically, this means price goes up enough that many people require a re-think of the wallet security.

BEFORE you fund a new wallet, do this:

1) Backup your seed and passphrase in n something solid (or multiple pen and paper backups)

2) make sure your hardware wallet has the same seed as you have backed up!

3) this means note down your wallet identifier and wipe your hardware wallet and then restore from backup; check you get same identifier.

4) you can have multiple hardware wallets with same seed phrase and password. If you need more than 1, consider using different vendors. That said, coldcard wallet is safest for multiple hardware wallets…auto-bricks itself if too many guesses at pin.

I’m going to a local halving party…kinda stoked. In 2012, I knew of no parties. 2016 I went to one in Vegas. Boring. 2020 was a no go. So I’m hopeful for 2024…came close to going to El Salvador or Santorini, but I still have a job…maybe 2028.

I was googling “October 7th” to confirm this was the day hamas viciously murdered over 1,000 Israeli’s…and what did I discover?

October 7, 2001.

What happened then? The US retaliated against Afghanistan for 9/11/2001.

Well shit, if that doesn’t make October 7th take on a different meaning …

Welcome to the Wild West. Bitcoin is the secret out here. Get some. Tell no one.

Happy almost halving week !

Cut it up into a bowl of heavy cream. Tastes better.

Neat. Search doesn’t work yet.

Good point. One would be foolish to sell now. And when / if bitcoin volatility settles down, one would expect bitcoin price to still rise by inflation, and one would not expect inflation In paper currency to disappear because bitcoin appeared.

Maybe someday when bitcoin moons this will be challenged by rich people in court.

I have little faith.

But thankfully we are not a democracy. We are a republic and no mere majority can assign government arbitrary authority. I am a citizen. I have rights the government may never abridge, regardless of any laws they may pass.

Yeah. Basically any tax the federal government gained the power to levy by the 16th amendment to the constitution.

Interesting. AFAICT, the government has merely assumed the authority to tax nominal gains, but this is contrary to what the constitution says in the amendment granting the federal government unequal taxation power on income.

Suppose you buy something for $100 and sell it for $120 later. You pay tax on $20.

But what if the $120 buys less than the $100? We do we pay tax on our lost purchasing power?

Glad to see this. I have had a reservation claim email in my inbox since 3/26! Thx for prompting me to look!

Why do we pay tax on inflation? Has this been challenged in court?

Anytime, my friend!

While there’s only enough bitcoin for each millionaire to have roughly ⅓ of a bitcoin, each billionaire could have about 8,000 bitcoins.

So when you stack sats, you’re depriving a billionaire…go you!

They are fighting us. It’s just that we’re winning.

Bitcoin sale!