MOAR https://fountain.fm/episode/mRBFoMz8dQq6AEDcSObI View quoted note →

"Legal ownership" is the person or entity that exists on the Government/State's register of asset ownership (eg: Land titles for property) "Beneficial ownership" is the person or entity that enjoys the rights of ownership and use .. often but not always the same as Legal owner Bitcoin has no state register of ownership Ownership of bitcoin is control of the private keys Very literally: Not your keys, Not your bitcoins The surveillance companies have unaudited black box software suites that can suggest the probabilistic *beneficial* owner ETFs and Corporate treasuries have legal ownership of the right for the return of the asset custodied by third parties .. who (hopefully) retain control of those assets Capital Gains Tax is triggered by a change of Beneficial Owner Not everywhere .. but definitely within the G20 countries Thinking about borrowing on your bitcoin? Understand the above!

GM .. I'm grateful to Satoshi 🙏

Amazing what a constant measuring stick can highlight! BTC still well off it's AUD$ ATH of $174k yet other markets like Turkey and America are each banging new fiat "highs" The disparity really highlights how fast the USD is debasing, and how important a constant measure like Bitcoin is for measuring the relative debasement that occurs globally

Third parties are security holes Originally noted by Nick Szabo, it has stood the test of time and applies equally to *privacy* Whilst peer-to-peer bitcoin use avoids third parties (one of Bitcoin’s super-powers) which helps protects your privacy, introducing third parties such as centralised exchanges, custodians and collateral managers undermines that The recent case allowing unfettered access by the US Govt to all US exchange customer records emphasises this https://cryptoslate.com/supreme-court-confirms-irs-right-to-access-customer-data-from-crypto-exchanges-without-warrant/ “But I’m not in the US” i hear you say .. yes .. neither am i .. but .. Although the US is only 3% of the world, they’re the guiding force behind the expanding surveillance state globally .. if these expanded surveillance powers are now a free-for-all in the US, you should assume they’ll be implemented in your jurisdiction too Plan accordingly Choose privacy Protect yours.

“Weapons of mass destruction” We’ve all heard that line before Some of us have figured it out: They’re the clowns you voted for

That final "click" For me, the final click of understanding Bitcoin was listening to a pod, maybe 5 years ago .. with Vijay Boyapati outlining the connection between the millennia of wars for conquest, funded by monetary debasement in all it's various forms After digging into that a bit more it becomes obvious in hindsight @Erik Cason is blunt and on point and relentless .. and right Bitcoin is humanity's hope to break this endless cycle and start us on a new path propelled by co-operation rather than just conflict and conquest A win-win approach rather than a zero-sum approach Now, as even more of the filthy warmongering states are feeding their fiat, their citizens and their future into the eternal meat-grinder of war, it's more important than ever to remember there is hope #Bitcoin The hope is opt-in All are welcome at any time