I’ve been saying that this would happen for some time.
This should be an introspection moment for Bitcoiners.
We aren’t going to live in a world where the state doesn’t have bitcoin, where central banks don’t have bitcoin.
That was always ideological retardation. Based on hopes and wishies rather than base level reality.
Two branches for bitcoin bros…
1. Continue to reeeee about the us government getting involved in the open permission less network we all love (which by the way we have zero ability to stop).
2. Or begin to have a mature conversation about how we would like the U.S. government’s ownership of bitcoin to look and then begin to advocate politically for it. (Which we do have an ability to do).
The choice is yours as an individual.
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Yup. The more ₿itcoin that gets scooped up and locked away by corporations and governments, the better for pleb’s bags, really.
We better start buying more Senators.
The problem is that we do not have governments, we have corporations masquerading as governments which are owned by a transnational criminal cartel...
I don't care who holds bitcoin, neither does bitcoin, but IMO putting energy into influencing corporate policy (masquerading as politics) would be better spent in becoming more resilient and opting out of that fraudulent system.
More and more the right people (principled, Bitcoiners, care about liberty and freedom) have been involved in number 2, which is good.
There is a 3rd path
And that is the most likely
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Beg harder
Agree with this -- puritans of every sort are losers attached to their own purity and ideology. Of course, knee-benders are also losers, those who compromise their ideals entirely are lost.
Have to thread the needle, and HODL's offering a framework: Don't be a virtue-signaling, ineffective purist, instead use the influence you actually have to effect more favorable outcomes.
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1. begin to accept that Bitcoin is captured by the state and isn't going to be freedom money after all.
2. vote harder and ask the government for permission to use Bitcoin how you want.
Fortunately, Bitcoin isn't proof of stake
Tell me you don’t understand bitcoin without telling me you don’t understand bitcoin
it's not freedom money just because a few autists can send a tx homie
What don’t I understand?
he's talking to me homie.
....but you probably have me blocked and missed a note
What are the pros and cons of this?
Talking about the mechanics of how we're governed is not a sign of mature political thought.
Why should they care about your opinion?
Because the state is for sale to the highest bidder
The government will tell you to turn it in like they did with gold, and you will bend over and comply.
Doesn't get more mature...
💯 I look forward to the day all major government spending is transparent on chain and they can’t spend beyond what we decide to give them (not much). The transition will be a caotic mashup up of the Bitcoin and fiat systems.
The US can't even purge pedophiles out of office, imagine thinking you have any say on what "the USG ownership of Bitcoin should look like".
I'm sure some Americans in early 1933 also had opinions on what "the USG ownership of gold should look like".
Doesn't matter if the US offers tax breaks to hashers. Offer them enough sats to work for your own Stratum endpoint so that the USG gets to keep your KYCed coins while you receive pristine coinbase UTXOs.
"Render unto Cesar the things which are Cesar's; and unto God the things that are God's."
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Fuck the pedophile scum.
Bitcoin is for your enemies does not mean that the USA and Blackrock should be able to use it to launder money for child sex slavery and organ harvesting.
Fuck you if you disagree.
Pedophiles deserve to be killed. Simple, that means the whole usa government, and if you disagree and go out of your way to defend pedophiles I will just assume you're one of them
The politicians don't care. None of them have, none ever will.


It doesn't need to be.
It just needs to be *hard enough* to use in a self-sovereign way and enough of it owned by KYCed centralized parties (ie, corps and govts)
Why would there be any capital gains on newly-mined Bitcoin to be taxed in the first place?
I think we should all stack harder about it.
Wen orange party?
Bitcoin is also for enemies. Deal with it.🌹
There should be no cap gains tax…period.
#1
1. the trump administration is trying to reduce the number of working class voters.
2. Advocating politically and getting what one wants is a pipe dream for individuals, but the bread and butter of corporate plunder lords.
3. One might move the needle more by making the big players feel the pain of losing customers and profits; get off that CEX you still use, stop using certain wallets and services, protest with your money and that sort of thing
4. Asking for permission from the government is like asking a bully for a break
There wouldn't be if you spend more than the cost of mining and sold it at a loss. Or sold it for a wash. The gain would be any amount above that.
I wonder which homo advisors sold them on “virgin” Bitcoin. Some boomer O’Leary type probably.
Except the Trump Administration is corrupt and will do it to enrich themselves, which will cause a backlash to elect anti-technology and anti-prosperity Democrats, who will dump the Bitcoin Reserve and crash the price. My .02