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Nostr brings freedom. Bitcoin gives hope.

Bitcoin is the only global free market.

This chart shows what happens when you let markets free.

The majority are still asleep, preferring 'stable' markets provided via government manipulation of interest rates, money supply and accounting.

"Volatility is vitality", nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m

If you know, you know.

My daughter thought a pomegranate was a Pop a Grenade.

Recently there are virtually no CoinJoin transactions shown by Mempool Goggles on https://mempool.space

Anyone want to venture a theory as to why this might be?

Are bitcoin privacy tools failing in terms of usage growth, or are people using other methods like Lightning/Liquid to improve chain obfuscation...

nostr:npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7 nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g

People are currently infatuated with Micro Strategy / MSTR "because it is a 1.5 leverage play on bitcoin", and are in (deserved) admiration of nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m for beating the S&P 500 so convincingly.

I know people close to me who have worked hard and saved bitcoin, but are now being tempted to exchange BTC for MSTR, spurred on by influencers like American nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs (I'm a fan) and his latest strong endorsement.

But, MSTR is nothing like BTC. You sell 1 BTC and buy the equivalent value MSTR. You now own a security that is holding ~0.35 BTC on your behalf. The 'BTC yield' isn't yield on your 1 BTC. It is growing the 0.35 BTC up a little higher each year, but nowhere near the original 1 BTC you had.

Yes, I understand Micro Strategy is offering a service that is of value "like an oil company" (see latest Micro Strategy Earnings Call) and therefore trades at a premium. But this is pure speculation just like buying any other company share. The calculation is whether MSTR will generate more value with his company on the 0.65 BTC (the non-BTC treasury part of your 1 BTC investment) than holding the 0.65 BTC would. And in Saylor's own words about other companies, that means MSTR needs to compound more than 29% a year going forwards in terms of company value. That's quite a hurdle - one that very few companies in history have achieved over the long term.

There are good arguments on both sides regarding MSTR, the value the company provides and therefore its premium.

BUT BEFORE SELLING THE SCARCEST FINANCIAL ASSET on earth, one with no counterparty or company director risk, for a speculative asset, one should just THINK VERY HARD.

You may never be able to get the BTC you sold back again.

(disclaimer: I hold both BTC and MSTR - but MSTR only where I can't hold BTC)

Welcome to Nostr, and the land of freedom.

I haven't been this optimistic for years (even though I'm not even in the US).

Free speech > Censorship

Independent media/thought > Mass media propoganda/psychosis

Economic politics > Identity politics

Hard money > Ponzi money

Individuals > State

Ability > Accreditation

Producing > Grifting

Peace > War

Forget the personalities and the name calling. Yesterday renewed my optimistic. Thank you USA!

Free speech > Censorship.

Real politics > Identity politics.

Hard money > Ponzi money.

Producing > Grifting.

Peace > WW3.

It is becoming increasingly obvious which of the sound monies is going to win.

Replying to Avatar Joe Nakamoto

Important post if you are in the UK 🇬🇧

Plz share with or tag other Brits.

🧵 Thread

A Tax-Efficient Way to Spend Your #Bitcoin While Supporting the Network and Keeping Your Holdings Intact!

One way to spend Bitcoin, help decentralize the network, and move BTC off exchanges without triggering a taxable event is through a strategic spending and repurchase approach.

Here’s how it works ⬇️

Step 1: Spend #Bitcoin at a vendor who accepts it as payment.

This ensures you're using Bitcoin in the way it was designed—as a decentralized currency. You're also supporting businesses that accept Bitcoin directly. 💳⚡️

Step 2: Within 30 days of making the purchase, buy back the same amount of Bitcoin.

This is key to ensuring that you retain your original holdings without being exposed to market volatility. 🔄

The magic behind this strategy is the 30-day rule.

In the UK, this rule prevents you from claiming a tax loss on an asset if you buy it back within 30 days, but it also means you inherit the original cost basis if no profit is made.

By rebuying the Bitcoin within the 30-day window, you effectively reset your position at the original purchase price, meaning no capital gains or losses are realized.

This way, no taxable event occurs, and your Bitcoin stays in your hands! 💼🛡️

Not only does this method keep your tax position intact, but it also moves Bitcoin off exchanges, which enhances decentralization and strengthens the Bitcoin network.

You continue to hold Bitcoin with your initial cost basis, tax-free. 🏛️🔐

In summary:

Spend BTC at a vendor

Buy back the same amount within 30 days

Maintain your original cost basis, avoiding tax implications

Support the Bitcoin ecosystem by transacting on-chain 🌍⚡️

#Bitcoin #CryptoTax #BitcoinNetwork #SpendAndHODL #TaxPlanning

THIS THREAD IS FROM

THIS ACCOUNT;

Stolen from The Secret Investor - Tax accountant on twitter.

Thanks for passing this on Joe.

Nice hack 😀

h/t x.com/bitcoin__apex

Americans can't afford a house. Which of these is the reason?

- Houses have become more valuable

- Money has become less valuable (due to central bank inflating the money supply via printing/QE, with salary rises unable to keep up)

I've worked out the code that the institutions are using in their bitcoin trading algorithms. Here's the whole source code:

const price = 58000;

Replying to Avatar Peter McCormack

The studio is ready, Danny's flights are booked, and next week we’ll begin recording episodes for our new podcast.

I wanted to share the reasons behind this shift as many have been asking. Three primary factors influenced this decision:

1. I hate making remote shows—I never want to do them again. These interviews need the intimacy of being in person.

2. Traveling constantly has been detrimental to my health and my family.

3. My commitments here with the football club and local community are growing.

So, the solution was clear: build a studio in the UK and produce the show locally.

We’ve secured a fantastic space in Soho, London, and we’re ready to go but given the limited number of Bitcoin guests available in the UK or those willing to fly in, it’s time to retire What Bitcoin Did.

Our new podcast will be similar in feel but will cover a broader range of topics. While some episodes will focus on Bitcoin (though less frequently), most will explore other interesting topics or people.

Having made nearly 900 episodes covering a wide range of #bitcoin topics and guests, we’re now aiming higher. By diversifying our content and guests, we hope to introduce more people to the concept of sound money through podcast osmosis. If we get this right, it will be a bigger show, if we get it wrong, well we tried.

For a long time I have felt there is a need to get out of the #bitcoin corner of the party. Real Bedford FC was a way of integrating sound money into a traditional business model. CheatCode purposely did not include Bitcoin in the title, so changing the show feels like a natural next step.

Sometimes when stuck in the #bitcoin landscape you can lose site of how other people in the world think, lose empathy for the complexities of the world. I have felt this. I'd come home from spending two weeks with Bitcoiners and be with friends and family locally and notice a distinct difference in how we see the world. As everything feels like it is going to shit, I feel like there is a bigger job to do now.

The Bitcoin podcast landscape is well served, from Marty and Odell to Natalie and Preston, from The Blue Collar guys to Stefan Livera and anyone I haven't mentioned. There’s no shortage of high-quality Bitcoin podcasts.

However, there seems to be some fatigue in the space, with similar guests and topics being revisited. With our new show we want to bring fresh perspectives and ideas, aligning with sound money where relevant—think of the shows we’ve had with the likes of Eric Weinstein and Michael Malice.

On a personal note, I’m need the challenge, test myself wider, get fit and find a good woman. I can't do this travelling all the time.

When I started the podcast my life was a shit show - divorced, coming off drugs, heading towards bankruptcy. I've had an incredible 7 years, travelled the world, made amazing friends and got to live my dream by buying my local football club.

To everyone who has helped us get this far - the guests, the listeners, the sponsors, we could not have done this without you. I am forever in your debt.

I hope you’ll check out the new show and enjoy it, though it may not be for some of you. Regardless, Danny and I will work hard to deliver the best show possible, like we always have.

Roll on The McCormack Show!

Peter, you've been an inspiration.

Resisted the bullying of the purist Bitcoiners, and the US biased politics in the space.

Stayed generous to those in the space and in your locality.

And most of all, been yourself.

You've pushed awareness of bitcoin forward better than almost anyone else.

Best of luck in the next phase.

Vipassana meditation.

Look it up. Do one of their incredible (free, donate at the end if you get anything out of it) 10 day starter courses.

Very intense, but it literally changes your brain wiring and sets you up for your own mediation going forwards. I did the course 10 years ago, and I'm still practising every morning.

Good to have you on Nostr.

Got your details from nostr:npub13fz04jej7nktvtvg24dj926a5ctcmaw6ekp9028eux3pz3csxdrqgd77yu as a man who knows about tax AND bitcoin. A much needed combination as part of the orange pilling toolbox.

Chancellor of UK has come up with a genius plan for reducing the gigantic UK government debt.