Looks to me like with rule changes that may be coming to how we will be reporting our Bitcoin to the IRS that we may not need to report person to person, and person to business transactions if it does not involve the purchase of Real Estate or Securities. We will be incentivized to keep Bitcoin off exchanges to avoid capital gains taxes. I was out at one of my favorite pubs last night and got into a conversation with the owner regarding his problems with taking credit card payments. He has found himself needing to add 3.5% to customer bills who use credit cards to purchase. I’ve been seeing a lot of this lately. Even the gas stations are giving a better price to cash paying customers. The pub owner also tells me that he has to wait for the Credit card company to send him his money. Sometimes up to a month wait. In addition, his staffs tips on credit cards are delayed to end of week or more, and are added to their regular payroll check. Of course, taxes and all the other stuff taken out before receipt. This brings me to the point of this conversation. Bitcoin is now more than ever an answer to this problem. This pub owner could accept Bitcoin on the lightning network, and avoid all of this nonsense. You could even tip the staff separately, and they would have their tip instantly. There was a guy playing his guitar in the corner, and he was collecting some cash tips. I don’t really carry much cash with me anymore. There are others same as I. You want to tip that guy in the corner playing his instrument, and you don’t have any cash. Bitcoin is the answer. Merchants can talk to Strike or CashApp about converting Bitcoin payments back to USD to pay their vendors, or Bills. It’s time to get out there in our neighborhoods and promote this. Take your paycheck in Bitcoin, or convert it to Bitcoin immediately. At least some of it. Get out there and spend it with these merchants that sign on to accept this. This is the kind of adoption that Bitcoin was created for. It was not meant to be a get rich quick scheme that Wall Street could take over.

Dining with Grandma.

What impresses me, is how Bitcoin is taking over the world in a peaceful, patient and meaningful way. It’s distributed freely and fairly worldwide. With the Lightning layer network, it’s transferable world wide as fast or faster than the credit card networks, with less cost. People across the world can freely decide for themselves if they do, or do not want to accept it as payment for their product or services. This is the way it’s meant to be. Build upon it, and make it better and the people will gravitate to it naturally. I’m hearing people say that it’s only for the tech savvy. But the tech savvy are fully aware that they need to make it so easy to use, that the people will find it even easier to use than handing over a piece of paper and receiving change back in return.

Apparently Blackrock put it out there that Bitcoins 21 million could one day be changed. That’s not a lie. Satoshi left us a way to change protocol with BIPs. However it’s not Blackrock who gets to decide. It’s the whole community, and the longest chain wins always. As long as the community does not allow Blackrock or anyone else to take over, then the will of the community will always decide the protocol going forward. That’s only accomplished by people who care taking the initiative to at least run a node, and maybe even a mining rig, regardless if it does not pay to do so. The more the better to beat decentralization.

Bitcoin is like a beach ball being pushed down by a kid in a swimming pool, that is constantly being filled up with a hose. The kid pushes the ball down as far as he can under water, but soon finds he can’t hold it down any longer and it pops way out of the water. The kid will do this several times, because it’s fun. But the ball always pops up again. The fact that the hose is always filling up the pool, each time the ball pops up and drops into the water, it is higher. One day the pool will spill over into the ocean, and the Ball will be set free. This is the day we make bitcoinination.

This has got to change! Burying bills inside of bills in congress to push them thru. Latest is burying a congress pay raise from $174,000 to $243,000/yr. And allowing congressmen to opt out of Obama Care. If it was law to make all new bills submitted in congress digitally available before a vote, then we the people would have the opportunity to speak our mind before it’s signed into law. I picked up this idea from other sources.

I find it incredible that people I talk to know that something is very wrong. The government can print as much money as they want to, they can borrow as much money as they want to, and they can tax as much as they want to. Which in all fuels inflation and keeps everybody on the hamster treadmill tryin to keep up. I offer them the solution to get off, but they tell me it will never work. “The government won’t allow it.” We are the government. Isn’t that the way it’s supposed to work.

Micro Strategies is showing by example why large corporations, or Wall Street would want to hold Bitcoin on their balance sheet. But, you don’t have to be a large company to benefit from the same principle. Small companies and individuals can also benefit.

Can’t say I’m not disappointed that El Salvador is caving in to the IMF. However, the Bitcoin adoption curve will remain steady and generic. It will not need a government mandate that businesses have to accept Bitcoin. It should be, if they want to accept Bitcoin. And there should be plenty of reasons why they want to. In the mean time, just take example from Strike. Use your favored credit card, and pay it off with Bitcoin from a Strike like account. As time progresses, businesses will see the value of holding Bitcoin in reserve instead of a government issued currency.

When you own Fiat Money issued by your government, you don’t really own it. Your Government owns it. They decide how and where you can spend it. They decide thru policy how much of it you will need to cover your living expenses. They really don’t want you to save it. They prefer that you go into debt. You become a slave to the debt. If you can’t pay the debt, then they can liquidate you and move you into a social program. Then you are a slave to the government social program. Own Bitcoin and be a slave to nobody.

When you own Property, you don’t really own it. Your government owns it. You just bought the right for you and your family to rent it from the government. If you don’t pay the rent, they will toss you out. But, yes you do own the right to sell your right to rent it to somebody else.

Jerome says that Bitcoin is like Gold, but does not compete with the dollar. Think again! Bitcoin spends better than the dollar, and acts more like Gold.