Whether the legislation ultimately survives challenge, is not the point. They can use its existence to harass, imprison and essentially destroy your life. You may be vindicated a decade later after they’ve used taxpayer money to litigate and you’ve depleted your own health and resources. Even when you win, they won’t be held accountable.
This is the “…and then they fight you” stage. We defend with technology. Make sure you also have an exit to a safer country if you have a family.
It’s true, it’s never been a better time to be a builder. The problem is that most millennials were misled by ignorant adults. They didn’t realize that the grand bargain of going to college to get a “good job” had changed. Millennials found themselves in massive debt without prospects, and found themselves unable to function as independent adults.
People still look at me strangely when I suggest that they avoid university and the waste of time and money.
Better to learn to build instead. The resources online are practically free. Find a company that will hire you as an intern. Make money while you learn. You just need to be a self-motivated person.
I’m wondering if plebs will be kicked off self custodial lightning this cycle. I’m wondering if I need to move to Liquid or something. 🤷♂️
Yeah, I’m super confused. The original quote (a few years ago) was “three bitcoin” which seemed reasonable to me.
The $1 million price would make it the most expensive in the world (to my knowledge). And most citizenship by investment programs only require a real estate purchase, which you get back when you sell the property.
The way the FAQ is worded makes it seem like the ES program is a donation, which makes it even more extreme!
You’re right that there is a lot of risk. Much depends on Bukele’s political survival. I would also be worried that there will be other options in the future (because this one seems so crazy) and then they’ll lower the price and rug-pull early adopters.
I really feel like I must be missing something.
Yes, IMHO it’s super important to get at least one other passport and perhaps other residencies. The world continues to get crazy and you need escape options to protect your family. Argentina seems like an interesting choice depending on Melei’s success.
$1 million … worth it? 
Alright fellow psychopaths. I need your help.
For a few weeks now I've been drafting this turn-key response to FinCEN and their absurd proposal for CVC mixing, etc.
I want you to take action and use what I wrote in this proposal to post comments into the register - less than a minute to perform and all the links are in the document.
Accelerate. Take Action. #Bitcoin
https://egodeath.capital/blog/fincen-may-be-violating-your-rights-bitcoin
Thank you for taking the time to write this. Incredibly thorough.
We’re at the “…and then they fight you” stage. I worry we won’t be able to convince bureaucrats or “vote harder”. As the old system dies, those losing power will lash out violently to keep it. We have to build tech solutions and be ready to move our families to safety.
You will be at risk if you are trapped in the US. In 20 years, in the first turning, we can return with our families to rebuild.
Why does it ask me for name and email to create a wallet?
I was wondering if income taxes could just be increased and the funds redistributed to federal supporters? Can Alberta secede? I heard that Canada doesn’t even have a real constitution and the govt can opt out.
You’ll be able to use whatever system you want. It’s all a big marketplace. No monopolies. Nobody can prevent someone from creating a competitive option.
The unfortunate reality, I think, is that bitcoin will be custodial for most people. Fast forward a few years when a bitcoin is over $100 million with billions of users. L1 transaction fees, for limited block space, will be extremely expensive. It’s inevitable that typical users will be unable to transact in L1. L1 will be used mostly by countries and L2s.
I don’t view this as a problem because we’ll have additional L2s and L3s. Like Liquid, these solutions will have privacy and you’ll be able to freely move your funds to whatever system works best for you.
Lightning could very well be the system that most custodians and large companies use to transact with each other.
The bottom line is that the bitcoin network will continue to evolve and more solutions will be invented in time.
I use custom instructions which seem to work well.
Yes, #1 is trust / censorship resistance. Unfortunately privacy is a “nice to have”.
People say that Munger (and Buffett) didn’t understand bitcoin. I disagree. I think he did. He was bailed out in 2008 and owed much of his wealth to his political connections. He just didn’t like what bitcoin represents. 
In “When Money Dies” it was notable how many people would file their taxes and just not pay. By the time the govt collected, the debt was worthless from the currency debasement.
In most countries, it’s not illegal to not pay. They only charge interest and maybe penalties. It’s only illegal to not file.
The best choice is to file and not pay, just invest the tax debt into bitcoin and (maybe) pay it later, if you want to.
Fiat insanity teaches NPCs to overthink their way out of opting in to this trend…. #Bitcoin or bust. 
If we hit 200k this cycle, then good chance we’re climbing the S-curve. Normies will think they need to wait for it to return to trend and will miss out … again.
Govts now consider software writing to be a subversive act. Best to stay anon.