It could be any percentage. The point is, people are not as protected as they think.

You’d be surprised how easily coins can be traced back to you when you eventually want to spend them. Very risky.

I 💜 HATERS nostr:note1p2muvygh06pm24ahgykyxwn6pq3u99l3qs30lj498awcsy4hzu5qw6wpm5

Unless they anticipate that and increase the exit tax on bitcoin

101 on how gold was confiscated:

You had to turn it in for dollars by a deadline prior to dollar devaluation, and there were massive prison consequences for not turning it in, but little resources in terms of investigating who didn’t turn it in. That would be expensive. So it was fear based. Focusing on illegality and tail risks on edge cases more than enforcement on average.

Institutions had to comply immediately, since it’s all visible. So the government broke liquidity in the domestic gold market, which was enough for their purposes. Gold became a hard-to-trade illegal relic for those that held it.

If a small family hodled some extra bars for 40 years until it became legal again, they did okay.

But can the government track bitcoin in the 2020s better or worse than gold in 1930s for enforcement purposes? That’s the right question.

And don’t just think of confiscation. Think of 70% selective taxes and things like that. Far more within the current rule of law. That’s the sophisticated approach. Don’t take it. Selectively tax it by a lot.

Those are the politics to push against from a bitcoin perspective.

One of the best answers I ever heard about #Bitcoin was someone who asked a hardcore bitcoiner, “You only talk about all of these great benefits, but what is the worst thing about Bitcoin?”

His answer was, “It’s going to grant all those same freedoms and benefits to the person who you hate most in the world. And there’s nothing you can do about it.”

Ironically, that’s what most people can’t give up. They can’t let go of the statist temptation of arbitrarily punishing people they don’t like, or are afraid of. nostr:note1wxevegymwd4vscqu3urkqsx4qsuma9qphkdhk9amru3pdr77fjxsdsc0xr

In general it's a good idea to keep your bitcoin node and personal self-hosted apps separate. Just get another small computer for your nextcloud. And soon you'll end up with 13 computers like me.

Got it working 🐸😎

Damn. A lot of #Bitcoin switched

hands over the last several months.

Cashu mints need to be able to auto convert a UTXO to ecash for easy onboarding

All my frens are welcome to use the mint

If there was an even more reckless version of npub.cash with

- custom mint selection

- NIP-60 support

- stable nuts support

would you use it?

Excited to be hosting a workshop at #BTCplusplus next week! I'll be diving into the basics of building a cashu wallet with cashu-ts. If you're curious about privacy-preserving payments and want hands-on experience, join me.

And yes, this is a "I use neovim btw" post