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Just FYI:
Friendly PSA.
The IRS requires that you report income from all illicit/illegal activities, including theft:
Here you go:
Ah, yes, I’ve heard Pradeep is very busy.
Sending Zaps is so gratifying
I tried it, but got a “failed” message. 🥺😭
Can anyone tell me why the Alby extension needs to “Access your data for all websites”?
I would have thought NIP-05 verification stopped this.
So, apparently there’s a #[0] and a #[1]
Trying to zap this to support your efforts but getting an error that the receiver doesn’t have enough inbound capacity.
From the liner notes, “After recording, sampling, cutting, and splicing over 100 tracks down to their most basic components, I ended up with a collection of over 300 loops, ranging in length from 1 note to 4 bars. I then started to recreate and reinterpret each track, putting the pieces back together as if an audio jigsaw puzzle- using effects and edits in between each piece. This 53 minute piece, consisting of over 70 tracks and 31 ID points, represents what those loops became, and how their interactions created something that had not existed before.”
- Richie Hawtin
If you want the best in minimal techno, you simply can’t do better than Plastikman.
Richie Hawtin’s 53 minute recording, “DE9 | Closer to the Edit” is as impressive in 2023 as it was when it was released, in 2001.
Mind blowing.
Q: So, how might governments (i.e. the banking system) maintain demand for their currency?
A: By requiring institutions to hold cash reserves equal to their alternative investments. It forces market participants to maintain a steady demand for their currency. Thus, even if the alternative currency rises in comparison to the fiat, participants must buy more of it, increasing its demand and reducing its supply.
Note that they don’t have the same reserve requirements for domestic bonds, commercial paper or MBS. These already keep demand for domestic fiat inside the economy, keeping it going.
What this means is that this proposed EU rule is a recognition that people are exiting, and they are grasping at ways to keep their currency propped up.
It’s not quite a “then they fight you” stage. It’s more like a “they are shitting their pants” stage.
Think of it this way.
Q: Why do you hold USD?
A: Because it’s legal tender for all debts and, actually, the only monetary instrument accepted by the USG to pay my federal taxes. If I don’t have enough cash on hand, I *have* to liquidate my bitcoin (and other cash equivalents) to pay my tax obligations, annually/quarterly.
In this sense, the domestic demand for dollars is manufactured. If I could pay my taxes in $APPL, I wouldn’t have to first pay taxes in the gains, and then pay my tax bill. But the IRS doesn’t accept $AAPL, or any other asset. Only dollars. But, since sitting in the dollar is a melting ice cube, invest it elsewhere, reducing the demand for dollars temporarily.