BlackRock and Fidelit ETFs have bought 535,000 BTC combined since January. And that’s without the 6 largest banks selling pitching the funds. Now Wells Fargo and Morgan Stanley is pitching and the other 4 is coming.

Good omen 🔥🫶🤍

Good omen 🔥🫶🤍

Rektucation is in full force.

Snagged some sats at $53K 🥹

BREAKING: The U.S. government just sold 30k #Bitcoin, days after Trump announced the government would be hoarding them as a strategic reserve.

BREAKING: The #German government has sold another 5200 #Bitcoin  worth around $297M in the last hour.

This will be the greatest waste of taxpayer money in human history. But yea, God bless Olaf for the cheap sats.

The insurgent 14th Amendment turned us all [in the U.S. that is] into U.S. citizens. This status, of one being “subject” to a government. And a government entity is in always public.

This 14th Amendment capture is mostly unknown.

Who would want to be a subject to any legal entity or government entity?

There are steps to remedy this tragedy, to step back into the private status for most of our interactions with other men and women.

The entire developed world tax apparatus that was built in the 20th century and extends into the 21st century depends on ubiquitous financial surveillance.

They are not going to give that up without a fight. I have been saying at a number of conferences and podcasts that privacy is the main battleground for the next decade.

Back in the 19th century and before, money was mostly private. There were plenty of dictators but there was no major method of surveilling all transactions. Therefore things like broad income taxes were untenable to enforce.

But in the 20th century as money increasingly moved around at the speed of light, people needed bank accounts to keep up. It wasn’t all forced on them; they chose it. And those bank accounts were centralized, surveillable, and ruggable.

This allowed authorities to switch to income taxes, which require ubiquitous financial surveillance to work. And ultimately it allowed them to switch to fiat currency altogether.

Now in the 21st century, Bitcoin and its various layers allow people to hold and move around money globally without permissioned banks. They can do so peer to peer, or they can do so with custodians and open layers, etc. Unlike the base layer of fiat, the base layer of bitcoin is permissionless.

But this represents a threat to the entire current system of taxation and financial control. If bitcoin and particularly various private methods on top of it were to be adopted at massive scale, the entire tax structure and other things would need to reshape themselves around that reality. And so they won’t make it easy; they will try to criminalize financial privacy as much as possible while the network is still pretty small.

The only solutions are to 1) make privacy tech so ubiquitous that it can’t be isolated and can spread organically in a distributed way and 2) to apply legal pressure when possible so that governments sort of have to operate within the bounds of their own law, like the 1st and 4th amendments.

What’s a better term for the MSNBC/Fox/NYT/whatever companies: “corporate media” or “legacy media”?

I can't believe it's been almost a year. This month is domain renewal month for the NostrPlebs.com family of domain names. Damn. Those domain registrars really get you with those low introductory rates for non-standard TLDs. nostrich.zone is going to be a $50 renewal 👀 It was $5 last year. Anyways, I'll be writing a recap to post here in a few days. What a wild trip it's been.

If you don’t hold #bitcoin you’re riding on The Fed’s train. Good luck.

I cant even imagine moving to a jurisdiction where my main expense would be taxes.