For one, life insurers are regulated by states. Also, a life insurance policy is a legal contract, and very different from the firms that custody and manage customers’ investment assets.

Interesting angle… can you elaborate? I don’t see why they wouldn’t come after cash values as well.

The more I run through it in my head, the higher the probability I assign to a government confiscation of some kind towards American citizen retirement accounts.

The honeypot of untaxed gains will be too tempting to pass up amongst skyrocketing debt and, what I believe, fewer and fewer nation-states and corporations to buy that debt.

Potential actions:

1. Lower the age of RMDs on pretax money

2. Increase tax rates for withdrawn pretax money (think ordinary income + 5%, for example)

3. Changing the rules on Roth distributions. Complete rug pull of the rules. Gains now taxed at x%

This is just a hunch. Not saying it’s going to happen for sure, but the probability rises every day.

It’s another reason to diversify tax buckets.

So I guess nobody can explain why bitcoin doesn't have major deflation or privacy problems? Cool. Enjoy your little circlejerk with "positive vibes" and keep wondering why people in the real world aren't using it for anything other than investing in it for its dollar value alone.

And yet you don't tell me how I'm wrong.

Ok but bitcoin stakeholders (and others) could also manipulate the price of bitcoin. What is the line for debasement?

What makes a particular currency honest or dishonest?

"honest money" with an inherent deflation problem that majorly benefits those who got into it early on and which has massive privacy issues, but please, tell me more about your lord and savior bitcoin and all the wonderful ways it has blessed you with material wealth (remember, it's not playing the stock market, it's saving the world!)

damus wins every week

Guys, guys, I heard Jesus himself endorsed bitcoin, here, let me find an out-of-context Bible verse in a gay "modernized" translation to prove it!

Got a new version of Coracle for ya'll. Main thing this time around is multi-account support is now available. It's probably a tad buggy, but should make managing multiple nyms much more comfortable.

# 0.3.1

- [x] Fix not loading parents from non-followed accounts

- [x] Load search results from network on mention suggestions

- [x] Add log in as user

- [x] Add multi-account support

- [x] Remove authors limit of 256

- [x] Improve relay hints and selection

🍻

I would think that strategy would reduce the risk. Like custody of the spot bitcoin ETF to likely Coinbase, it’s possible a division of Coinbase or another custody company could provide this type of management service. I’m a true believer of self custody but understand that’s not suitable for all situations. Coinbase being the primary custodian of most of the spot bitcoin ETF firms is another significant honeypot concern. Diversification of custody for the spot bitcoin ETF firms and the Lightning node idea would be good practice in general.

The downside is they would have to keep bitcoins hot. Quite dangerous in case you want to have decent returns on this - will be a huge honeypot. Only the most cautious and conscious will be able to handle such a scheme.

Again, you don’t seem to understand the difference between science and religion. Scientists don’t concede, they experiment in search of answers, even if it takes multiple lifetimes. Religions concede and cling to ideas that can never be proven.

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