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Replying to Avatar Rajat Soni, CFA

Real estate and stocks are a scam but 99% of people aren't ready for this conversation yet

#Bitcoin    will take over both of these markets over time

Real estate is a way for governments to extract property taxes and for banks to earn interest

Governments want home prices to go up so homeowners feel a false sense of security and pay more in property taxes over time

Banks want prices to go up so they can hand out bigger loans and earn more interest

Stocks are a way for Wall Street to earn profits

When you can hold your own assets, you don't need the financial industry to hold them for you and governments also can't track your wealth

How many people hold the deed their house or stock certificates?

Probably less than 1%

This means the financial industry owns our assets and it can take those assets away from us

Stocks are held by custodians and they can do whatever they want with your wealth

GME is the best example of this scam

Hedge funds were shorting more shares than what was in existence

They were intentionally trying to bring the stock to zero to maximize their profits

Real estate should NOT be an investment but we've been brainwashed to believe it is

We use real estate as collateral for debt

The wealthiest people have hundreds or even thousands of units and they are being used as savings accounts

When people buy more houses than they need, they compete with families who are trying to buy a house to live in

This pushes house prices up and prevents people from having a stable living situation

Bitcoin is an abstract concept and many retail investors get angry at the idea of it being widely used as a savings tool

EVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM

I agree with MOST of what you are saying in this post, but feel it’s important to point out that governments *can* track your wealth if you buy on centralized exchanges — which most people do. Various politicians have been proposing a wealth tax in the US which would be easy to do with ₿ by simply comparing the amount an exchange states you purchased against the amount you report you sold on your tax return.

Further, governments are going to get creative in finding a way to tax ₿. For example, France recently proposed a new rule for what they deem “unproductive assets” in order to specifically target cryptocurrencies. I don’t if either of these will come to pass, but it shows they are making an effort.

Lastly, I should point out that this is what really bothers me when nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpzfmhxue69uhkummnw3ezua3sdshxjmcpz3mhxue69uhkummnw3ezummcw3ezuer9wca8edre refers to bitcoin as “digital property.” We pay property taxes on property! Rather, IMHO, we should be referring to bitcoin as “digital currency,” which it is, so that it’s not taxed differently (or additionally) as we would with holding any other currency. At most, if we had to compromise we could settle on calling it a “digital commodity” if that would bring more fairness within the regulatory landscape.

Some of the best deep house was made over a decade ago.

Gorje Hewek & Izhevski:

After Rest

https://youtu.be/QTLmUuE8xJw

One thing that intrigues me most about a publicly verifiable timechain is that it could be used it as a verification for news events. I’m not talking about clogging up the blockchain with images. Rather, if a news outlet wanted to run a story, or a famous person wanted to announce something on their own, they would publish a transaction from their publicly known wallet address.

I’m not saying this would eliminate AI slop and deepfake stories but, if enough people were using bitcoin to timestamp important statements with small transactions, any story or announcement NOT using this method would be viewed with skepticism. I’m also not saying every story or announcement needs to have an associated transaction… just really important/essential ones.

It’s crucial that journalists and public figures be able to prove something happened IRL or that they said/didn’t say something.

I can’t be the only person who has thought of this. Am I missing something nostr:nprofile1qqsxu35yyt0mwjjh8pcz4zprhxegz69t4wr9t74vk6zne58wzh0waycpr9mhxue69uhhqun9d45h2mfwwpexjmtpdshxuet59uq35amnwvaz7tms09exzmtfvshxv6tpw34xze3wvdhk6tch2tkdy ?

THAT is a better position to take, and it would be beneficial to keep such humility in mind before spouting off opinions that are incorrect and ignorant, or repeating what other say, or piling on just to emphasize groupthink.

The world is far mor complex than even the smartest of us can understand. It’s a sign of below average intellect to claim certainty.

If you thought there were less than 100 countries in the UN, there’s probably a lot about the world (and this conflict) you “didn’t realize.”

‘Biometric Exit’ Quietly Expands Across U.S. Airports, Unnerving Some

The program, in which federal officers take departing international passengers’ photos, is set to grow, raising privacy concerns.

https://www.nytimes.com/2025/09/26/travel/airports-biometric-exit-program.html

This is unfair.

Even when I butter bread, it isn’t this smooth.

“SW devs pled to the unlicensed money transmission conspiracy, in exchange for dropping the money laundering conspiracy.

Keone, who was required by the judge to state his criminal conduct in his own words, gave a careful allocution that accurately stated that it was the SW users, and not the software, that “transmitted funds.”

https://twitter.com/zackbshapiro/status/1950573332451016856

This appears to imply that the *only* reason for SW users breaking the historical links between transactions is money laundering, rather than simply good for privacy. That’s not good for anyone who used the service for legitimate, legal reasons. The prosecutor is trying to put taint on coinjoins.

nostr:nprofile1qqsy67zzq5tc9cxnl6crf52s4hptdwhyaca5j7r8jwll535tdadedvcprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyxhwumn8ghj7mn0wvhxcmmvg9fv89 has self-radicalized into abject Jew-hatred and it’s fucking gross.

Is it interesting that the Palestinian Prime Minister understand that Hamas is a violent, cantankerous obstruction to peace, but people who’ve neither lived in the region, nor visited, nor able to point to various towns on a map, nor even cared about the area for more than a year, are still hellbent on supporting Hamas.

Baffling, for sure.

Hanlon's razor:

Never attribute to malice that which is adequately explained by stupidity.

In this case, it’s a healthy mix of both.

Replying to Avatar steven ₿

Ten days after GENIUS: The $28 trillion reality only few talk about

In the ten days since Trump signed the GENIUS Act, I got more questions about this topic than all last quarter. Same question: "How fast can we move on stablecoins?"

Here's why people are panicking:

Deutsche Bank dropped a bombshell: Stablecoin transactions hit $28 trillion last year. More than Visa and Mastercard combined. The market's grown 45x since 2019, from $5B to $232B.

The yield ban is the feature, not the bug: By prohibiting interest on payment stablecoins, Congress created crystal-clear product segmentation. Payment rails vs investment products. No more regulatory grey zones. Your Venmo doesn't pay interest either because payments and investments are different beasts.

Tether's $163B pivot changes everything: They're building an entirely new US-specific stablecoin. Not upgrading USDT, starting from scratch. Why? GENIUS makes their global product essentially non-compliant for US users. The world's stablecoin market is splitting: compliant America vs wild west everywhere else.

The MSTR speculation: Saylor's sitting on 600,000+ BTC worth $71B. What happens when he launches a Bitcoin-backed stablecoin? No Treasury backing needed - just 150% BTC collateral and smart contracts. GENIUS just cleared the path.

Big Tech needs banks now: Amazon can't launch WalmartBucks without a banking partner. One paragraph transformed every bank from disruption target to necessary partner. JPMorgan's already ahead with JPMD on Coinbase's Base; tokenized deposits, not stablecoins.

Your competitors are asking:

- Which stablecoins to integrate? (USDC leads in the US; USDT leads international)

- Partner with a bank to issue our own?

- How to rebuild treasury for instant settlement?

Meanwhile, Treasury Secretary Bessent projects $2 trillion in stablecoins "soon". That's $2 trillion in forced Treasury buyers. We invented a machine that turns global dollar demand into US debt purchases.

The paradox? Stablecoins aren't Bitcoin's enemy, they're its Trojan horse. Every company integrating stablecoins is one API call from Bitcoin payments.

The 12-month implementation window isn't a grace period. It's a race. In five years, not using stablecoins will be like not using email. The GENIUS Act didn't regulate an industry. It legitimized a new financial operating system.

What's your strategy - build, partner or watch from the sidelines?

Normies aren’t paying enough attention to how AI agents will transact with each other. It will NOT be via traditional rails, which are incapable of processing micropayments.

As Jordi points out on CNBC (with an erudite perspective that’s rare on that channel), Stablecoins are a bridge for Trad-Fi settlements.

Bitcoiners will use Lighting (via their own nodes, or Lightspark, or CashApp) for transactions, and hold their own keys for savings.

https://www.cnbc.com/video/2025/07/29/bitcoin-is-the-sp-500-of-the-future-and-will-top-200k-this-year.html

#StudyBitcoin

#Bitcoin