The new IRS requirements on how to manage your bitcoin and have explicit coins separated by wallet according to their cost basis is so horribly ignorant and nonsensical that I don’t even know how to explain it.

Anyone else find it kinda ironic that the Bitcoin 100k push came after an off-hand comment by the Fed chair, and now Bitcoin is down 5% on Fed chair comments?

JUST IN: 🇸🇻 El Salvador secures $3.5 billion IMF financing package after agreeing to make accepting #Bitcoin voluntary and unwind its Chivo wallet.

I believe folks pretending the U.S. government holding Bitcoin will be just that, and similar to the U.S. holding gold, with no other ramifications on greater involvement into the protocol, mining (sanctions) and other unforeseen ramifications, are being disingenuous.

We always should have prioritized tax treatment of Bitcoin first via Congress, which would increase adoption with more people able to spend and use Bitcoin as digital cash. If the U.S. government wants to stack, fine, but some in the bitcoin community tripping over themselves to make this happen as soon as possible, I believe, is purely for a bag pumping stunt.

It’s not smart…there are way too many risks for my comfort here!

David Bailey just posted the draft for an executive order for the Bitcoin Strategic Reserve under Trump – and it's an absolute nightmare for anyone using bitcoin as money.

First, the draft order defines Bitcoin as "a finite store-of-value asset, akin to digital gold."

As someone who has lived on Bitcoin for a fairly long time, I can say that Bitcoin is not merely a "store-of-value asset", but a money for payment and day to day purchases.

Defining Bitcoin as a "store-of-value asset" reinforces the ossification narrative (who needs to move a stonk several times in a day?) which may put developers at risk when prioritizing changes to btc to make it more usable as money (think scaling for example).

With this definition, a softfork to activate covenants may become an issue of US national security that goes against the US' definition of its primary goals - directly putting developers in the firing line of the United States Government.

The draft states that federal agencies, such as the US Marshall's Service, may not auction seized Bitcoin off, but must contribute them to the strategic reserve.

This not only reduces the Bitcoin in circulation available to the public, but additionally sets the incentive for the US to increase its seizing efforts – think increased AML/KYC.

While I'm no fan of the strategic reserve in general, this draft is an even bigger disappointment than Sen. Lummis' proposed Bitcoin Act.

To compare this to how El Salvador has implemented Bitcoin, which I admit I initially wasn't a fan of either, ES directly gives citizens rights to use Bitcoin as money - which is a huge upside to benefit the people, and not just the national security state.

No offense, but letting a couple of children that just graduated college and a guy who runs a magazine draft US policy is a scene straight out of idiocracy.

Next time, maybe try speaking to the people actually building and using bitcoin, not just to the boomers and national security goons that sit on the money like a fat kid at the cake buffet.

Incredibly unprofessional conduct here by BPI, a huge risk to anyone using Bitcoin for anything other than an investment, and a testament to the people involved being more interested in furthering their own importance than to empower people with a money without state.

Sincerely hope that this EO is drastically challenged on all levels and hopefully somehow deemed unconstitutional to protect btc and the people developing it.

The only thing dumber than talking about the Bitcoin price is making Bitcoin price predictions.

Every week is an all time high. Months and years to follow the same pattern. Cheers to the autistic believers. We deserve it! 🥃

An amoeba is more complex than any machine that humans have thus far made.

Some Moscow math:

9am - $111.111k

8am - $125k

7am - $142.587k

6am - $166.666k

5am - $200k

4am - $250k

3am - $333.333k

2am - $500k

1am - $1M

…

Everyone trying to get rid of SATS feels like communist Europeans trying to impose the metric system on American patriots

It doesn't matter if Microsoft, Apple or Amazon don't have Bitcoin in their treasury because in 5 years MicroStrategy will be the richest company in the world.

Things just happen, but they don't happen the way we thought they would.

nostr:note1dfke8v344mdsktxzhcfu4lf64z587tqmxjw03uue3p7ne6l5uq9s45c2aa

it's been a while since I could open my Quicktime player, it automatically crashes after launching. there are 3 videos that open with the app and I can't seem to be able to clear that recent list and make the app open empty. tried some terminal commands without success. Does anyone know of a way to clear the recent list with the app closed? Also deleted the app state folder but that also did nothing.. help

Every. Single. Time.

gm,

even if a quantum computer can crack a private key, if you don't reuse addresses then your pubkey is never revealed on chain

I got people texting me about quantum computing fud.

This bull market is just getting started

Oh I forgot about that. Wasn't that wisely abandoned?

Signal popup: "privacy over profit"

But then all payment options are mass surveillance tools.

All fiat money is a con game, you have to confuse the masses for it to work