Capital gains tax ends up being a double tax, and much of it just taxes inflation. Responsible savers who’ve balanced their budgets are punished for the reckless spending of a government sinking deeper into debt. #Bitcoin highlights the flaws here.
Adding capital gains tax on top of income tax feels like outright theft—especially when the government can’t even manage the taxes it already collects.
Moe
moe@hodl.moe
npub1m0eh...vt65
Self-sovereign pleb.
THANK YOU, SATOSHI!
#Bitcoin has only two paths: zero or becoming the dominant global currency. The trajectory is clear, and the outcome feels inevitable. After all, it’s just math—fixed supply, diminishing issuance, and growing demand.
With each day, adoption rises, and the path becomes clearer.
Politicians are not required for #Bitcoin to be successful.
Bitcoin’s potential is limitless because fiat currencies are consistently devalued through inflation. Fiat’s debasement is an economic certainty, while Bitcoin’s fixed supply of 21 million coins is mathematically guaranteed. Over time, economic incentives and game theory will drive adoption towards sounder money. This is the natural progression of monetary systems based on scarcity and trustless verification. #bitcoin #btc
We are all #Satoshi… except Craig Steven Wright. #bitcoin
I have my first #Bitcoin #node up and running. What are some privacy best practices? Are there any good resources to learn more? #btc #node #asknostr #plebchain
Officially “Running #bitcoin” as of block 842132. I am using @Start9 on my own hardware.
Given recent events, it's clear how important no-KYC sats are for maintaining self-sovereignty. I need to start stacking them myself. Should I go with #Bisq, #RoboSats, or something else? Which has the best balance between privacy, fees, and ease of use? Appreciate any advice! #Bitcoin #NoKYC #SelfSovereignty #Plebchain #AskNostr
Is it possible to #zap but remain anonymous? #asknostr
“I've moved on to other things. [#Bitcoin] is in good hands.”
-Satoshi Nakamoto, April 23, 2011
Exactly 13 years ago, today.
I was here for block 840000. Thank you nostr plebs. Thank you Satoshi!
I believe the price action during the #halving will be uneventful, but it will be intriguing to observe how the fees are affected. I wonder how much people would be willing to pay to be included in block 840,000. #bitcoin #btc
During the end of my haircut this afternoon, my barber brought up #Bitcoin. He asked, "Do you know anything about Bitcoin?" I couldn't help but smile and replied, "A little bit, why?" He then mentioned, "I saw the halving is coming up in a few days, should I buy some now or wait?"
After some discussion, it became evident that he thought the price of Bitcoin would be cut in half during the halving. I took this opportunity to explain what actually occurs at the halving without diving too deep into technicalities. I explained that there will only ever be 21 million Bitcoin, unlike the government's ability to print infinite dollars, which he connected to inflation.
To illustrate, I pulled up the #BTC-USD price chart and showed him the spikes that happen with each halving, cautioning him to expect short-term volatility. I shared that personally, I am holding Bitcoin for the long term and am curious to see what happens in 5, 10, or 20 years.
Realizing I was the last customer and he was finishing up cleaning the shop, I didn't want to take up too much of his time. I encouraged him to text me if he had further questions. I also offered wallet suggestions in case he didn't have one, mentioning that I would tip him in Bitcoin next time I visited.
Reflecting on the conversation later, I found it challenging to explain with enthusiasm while also conveying the risks involved. I emphasized that Bitcoin investments are not without risk, and I would hate for someone to lose money based on a brief conversation we had.
We are still early.
Bitcoin offers a hedge against traditional financial risks and economic instability. Its capped supply and global accessibility position it as a store of value independent of centralized control. Bitcoin provides individuals with a means to diversify assets and preserve wealth in the face of inflation and geopolitical uncertainties. #Bitcoin is the exit strategy.
I had a nice discussion about this topic a few days ago. Good post 👍
View quoted note →
When in doubt, zoom out. #bitcoin