Most folks are aware that financial institutions are required to report all cash transactions that exceed $10,000.

What they may not be aware of is that this amount has never been adjusted for inflation since it went into effect in 1970.

At that time, the median annual income was around $9,400, so the requirement was only for cash transactions that were more than most people made in an entire year.

If the amount had been adjusted for inflation, financial institutions would only have to report on cash transactions exceeding $68,000 today.

Ah, gotcha.

I knew that the subsidy is new Bitcoin, but never really thought of it as debasing the existing Bitcoin in the same sense as we could say with Fiat, since there is no terminal cap for Fiat's supply, while there is for Bitcoin's.

If someone owns 1000 Bitcoin's, that is about 0.005% of all Bitcoins that will ever exist. The new Bitcoi's added by each block will not make this percentage smaller, since we know the maximum that there will be, so I don't think I would call the block subsidy debasement that existing holders "pay for." Especially since it has not resulted in the purchasing power per unit going down.

How is the block subsidy a payment by the holders?

Someone on Xitter asked what I am sure they thought was a very pointed and convicting question: "Why wouldn't a #Christian want to have a Christian nation?"

However, a "Christian nation" could mean a great many different things to different people.

It could mean a nation that is made up of people who are dominantly Christians, and therefore its laws and customs generally tend to reflect Christian values.

It could mean a nation that is entirely ruled by church officers of a particular denomination, and there is no distinction between Church censure and state executive or judicial action.

Or it could mean any permutation in-between. The disagreement among Christians is rarely about whether they want a Christian nation, but about what that should look like and how we ought to work toward it.

#Biblestr

Same, I just didn't scroll enough before.

I see the highlight 5x over in my feed.

Why buy just 1 #Bitcoin at $66k when you can buy 1000 #Satoshis for only $0.66?

Just think about it! If Satoshis just go up to ONE PENNY per Satoshi, you will more than 15x your money! WAY more upside potential than Bitcoin!

It ain't even about that.

It doesn't matter how much I buy, I won't be liquidated so long as I didn't use leverage.

Buying to much for your personal risk profile has risk to your sanity, to be sure, but it has no liquidation risk.

Exactly. You know what else is used effectively for both privacy and avoiding taxes? Plain old physical fiat cash, and yet that doesn't mean it is illegal to use cash.

Just because a thing can be used for illegal purposes doesn't make the thing itself illegal, so long as it can also be used for legitimate purposes.

Then there is the deeper question of whether those so-called "illegal" purposes should really be considered so at all.

Until businesses refuse to accept fiat.

That, sir, is a very useful insight!

Why he so enamored with my boot?

My guess is it's a phishing scam. Almost Identical wording to an email I received purportedly from Swan Bitcoin announcing their new token. Checked the email address I received it from and it definitely wasn't Swan.

Braiins.

Is it possible to bump a fee rate on a channel I force closed in LND? The fee rate is sitting at 16 sats/vbyte, so who knows when we might see fees get that low again.

This was a channel I had opened to a buddy who had just started running his node and I wanted to help him out with some inbound liquidity, but his node went down last year and he lost interest in trying to get it running again, so I finally decided to force closed the channel after several months.

This is on my Umbrel, if that helps.

#asknostr

I agree... That's odd.

That said, OPA is largely the reason why I was able to find several Bitcoiners in my area and start a meetup. The app definitely provided value to me.

Nostr is great for connecting with other Bitcoiners in general, but it is TERRIBLE for connecting with Bitcoiners from a particular area who might be interested in going to a meetup.

The more responsibility we willingly push up into centralized government programs, the more disconnected we become from one another and the more apathy we have toward our fellow man.

Thank you!

Can't tell you how grateful I am for nostr devs being willing to discuss this type of thing with the community.

Also, what you guys at nostr:npub1yfg0d955c2jrj2080ew7pa4xrtj7x7s7umt28wh0zurwmxgpyj9shwv6vg are doing for music in general, by leveraging nostr and zaps, is nothing short of incredible!

"Can't legislate morality."

Incorrect. Morality is the only thing that is ever legislated. It is simply a matter of whose idea of morality, and to what extent morality should be legislated. VERY little morality should be legislated, but there is no escaping that whatever IS legislated is someone's view of what is morally right or wrong.