Reading up on IRS provision 6050I inserted into the Infra. bill set to pass in the house on Friday.
In July we made a huge fuss about the broker thing. This is 100x worse. Criminal felonies, includes all individuals and all tokens, all mixing, all custody.
Taproot mixing? You're hosed, you become a felon for using Wasabi. Mining pools that aren't doxxed? Felony. NFTs >10k, you go to jail. Programming payments in installments to keep sums <10k, also a felony. *Writing software* even some .js app logic in a wallet to assist, jail.
Wake up folks this is not a drill. I only saw 1 person who is a mutual raising alarm bells about this for months. Now Laura Shin covered it and I read the thing: wow! We're two days away from losing everything. US persons will become completely cut out, residents and citizens.
Soon the only way a person born in the USA will be able to do *anything* in any scale with these technologies, without KYCing everyone or becoming a felon, will be to a) leave and b) operate with a non-US entity and ideally non-US employees/directors.
Then: we'll have to globally adopt some kind of decentralized minimal KYC with encrypted/blinded PoR (no home address dox, but can confirm not US) and we just turn our backs to US persons. Rest of world has spectrum of more financial freedoms/reg. requirements. This is the future
Seinfeld owning a crypto exchange:
I keep hearing about KYC, you know KYC? Know Your Customer. What's the big deal with knowing your customers? Who wants to get to know these people? It's so personal. Just let them be. Some of these people, I'd prefer not to know.
Listening to these Saylor podcasts, first off:
1) This man is having a manic episode
2) He's not wrong
3) Tracy Alloway could barely get a word in edgewise and it's funny
4) Saylor has invented Bitcoin Volization, it's beautiful let's explore the process:
The latest 3AC drama wrinkle, that Su and Kyle are keeping somewhere between let's say 100M and 300M in assets and are gone fugitive with them, has got me thinking.
We live in a time where a rules-based world order is being challenged on all sides.
Also: key use case for crypto
@ctjlewis
I like how he tries to make himself more esteemed as Jared, "but do you go by Jerry?" - "At times" - he's playing it low key. It's like the lawyer is trying to do the bit, and he's trying to resist, leading to the best punchline delivery I have heard in a long while nau
@NeerajKA
@kevinroose
<millions of people fearing a deep state, elite billionaires manipulating society, pedo-sadists getting away with crimes>
...
<decide solution is to support militarized executive supremacy of an elite billionaire who partied with Epstein>
Perpetual swaps are 3.35 years old.
Perp. Arb is almost one year old.
Alts are 8 years old (LTC), Bitcoin 10.
Internet stocks are 25 years old. Tech stocks 45.
Forex is only 48.
Liquid/model-priced stock options and stock futures are around 40.
Embrace the newness.
@KarenAttiah
@Carnage4Life
A beautiful, righteous and peaceful movement. Even when the police aren't rascist, LE above the law is the mark of fallacious governments.
Pro-tip, don't short the market in an uptrend.
Instead, feel frustrated your profit isn't bigger, then over-do it on size and get knocked out on fast dips, then get more frustrated, revenge trading with *even bigger* size *further up*, repeat until down 70% in BTC at 100k.
I'm a Georgist.
When I see something political I don't like, I say "George is getting upset!"
Georgists believe Henry George, George Costanza and George Carlin are co-equal eternal persons inhabiting the Georgehead.
Henry give us tax policy. Costanza, humanism. Carlin, wisdom.
Why did the market drop?
More people buying than selling.
<Presses glasses to nose> *actually*, the exact same numbers of people were buying than selling, but the general willingness of sellers to take liquidity moved the bid down in a trending discrete time series.
A Millennial conception of an Ideal Life:
1) Code as a child
2) Take cold showers as teen
3) Work weekends in 20s
4) Sell co. in 30s
5) Invest in transhuman-tech companies
6) Ascend singularity
7) get on JRE
Rogan: "so you went through the singularity huh? What was that like?"
If anyone follows me who is living under 10k a year in income or otherwise struggling reaches out, likes this, retweets, and comments your Solana wallet address, I will bookmark this and add your address to a Give-away raffle of my generative drops.
Solana is only about double the size of LINK. Pyth is going to totally obsolete LINK. What's my target for Solana? Probably a Trillion dollars in market cap. give or take.
Met an entrepreneur building on EOS.
He was like "oh yeah I can get you on a call with the block producers they can help you out".
All the best to him, for his business model it makes sense kinda.
But homie: the protocols I work on, don't have people you can call.
Most people don't know Marx got liquidated on corn futures in the 1870s and was like "ok now I definitely hate capitalism!" and rage-quit so hard that hundreds of millions of people died in the next hundred years.
"What's the point of Litecoin?"
1) back-up utility in case BTC is attacked that uses the same stack
2) excess capacity routing heat-sink
3) "Bitcoin's testnet"
4) Scrypt's higher $/%-hashpower curve to climb, 10B 51% budget on BTC is cheaper on LTC, but hashpower-adjusted, more.
@offbrandgumby
@likeluke
@lovestubbs80
@DaveHolmes
@KonstantineinCA
The same thing that makes slavery and insurrection illegal is the thing that makes state laws restricting freedoms held in other states illegal: the 14th amendment.
Did you know like 500k Americans died so we could have the 14th amendment? Crazy.
Wonder how many this time
Nuclear armaggedon threat fibes take us to 27k then Bitcoin-really-works vibes as sanctions only so effective takes us to 80k then US govt will criminalize takes us to 45k then we need to respect property rights I guess kinda takes us to 180k
My wife tried to get into crypto twitter but she couldn't handle how aggressively straight everyone is. She says the women are the worst, and says everyone is either a bald guy hiking or the same looking woman pouting.
I do not endorse this opinion.
Been listening to a lot of
@jam_croissant
lately to learn more about advanced option MM'ing. However this bit at 33m 40s, about the overall vol complex is really key.
Let's talk about different kinds of systemic leverage.
Would pay $500 to attend the Coindesk Roast of Dan Larimer featuring:
Charles Hoskinson
Vitalik Buterin
Gavin Wood
Snoop Dogg (he'll do it for points - but a lot of points)
Hosted by Brock Pierce
Let's be honest, you'd pay $1000 to see that.
You need to be Su-maxing. You need to be taking out large speculative positions with credit cards and then default, living off Gyft cards and moving internationally. You got to get a boat and keep it stocked with reserve fuels to always have access to your desert compound.
Do you have a gambling addiction?
If you do, the best thing you can do for your BTC stack is to us a trend follow/trailing stop methodology with married puts, here's an algo you can use:
Stop wasting time and money.
Normally I would not be posting personal developments on this website, but in this case I have a pressing concern. My dad, Spanish economist Andreu Mas-Colell, is dealing with an incredibly difficult and unjust situation. 1/
Did you know:
You can sell partially on the rip and sell puts in the consolidation.
Did you know:
Bitcoin stabilizing around 10k is the most bullish thing imaginable. It's doing what it could not do in 2017 (with supply being 5% lower).
MSTR is tracking BTC price, it's up ~15% today tracking the big move over the holiday. At 40k it will likely be at 510 already.
The point being that this is repeatable, not just for MSTR, but for any company, and a company can continue growing its balance sheet by doing this:
It took me over five and a half years to finish the project. I lost all my money in equity and debt investments by the year 1.5 mark. I had to default on credit cards and negotiate. I got down to 1 team member and kept him part time with my last spare $500 before raising
In Jan. I was in a tough place financially, my wife and I made a pact that we'd split if we couldn't fix our marriage by now.
Happy to say, the marriage is more functional now than ever before, we're sticking together, it feels like a true constant.
Also not broke and launching
I'm probably losing followers for saying this but:
If Gold is $5000, ~25Ts
And BTC is ~15Ts, 500-750k.
Then LTC with full blocks from useful Dex trades (sustainable fee flow) should be at a 0.025 BTC peak, $12500-$17500.
To recap:
Venezuela: collapse
Colombia: doing better than ever...
Ecuador: IMF troubles
Peru: Run an election from prison
Uruguay: should we re-militarize?
Argentina: Moooooar Peronism?
Brazil: Ready to bust skulls and burn
Bolivia: house divided
Paraguay: campesino protests
I may organize some C++ devs to be Litecoin core maintainers after TradeLayer is live, funding permitting.
I don't agree with Charlie's claim that basically nobody is interested in doing it. I'm interested. I can rally C++ devs to it. Technical competence is shown by TL repo.
Be advised there's a scam sucking people's wallets:
solvision .io
If you auto-approve to mint so they can "enforce the fairness of the free mint" you'll get zapped for the whole wallet. I put in $8 worth of SOL so NBD.
Be advised: easily protect against scams by...
@NeerajKA
I shall measure my worth as a man, by the dimensions of the cube I can afford, and also, have the strength to hold:
I feel like I need e.g. a 1 meter/$1,000,000 USD option to really get there.
@zhusu
So, Santa rally into 20s, accelerate through early NY into 30s, parabolic through OI at 36k due to delta-hedging, wick-off to pin on 36k for Jan. expiry?
Don't know if OI big enough yet or if we get the rally in time, but epic storytelling in one sentence. New shoes, never worn.
LTC is dunked on as useless. But when you're trying to clear Dex trades on BTC vs. LTC, you will appreciate the relative cheapness, speed and ease by whcih you get confirms. A real use case worth billions. Let's track TradeLayer volume against this chart. These are rookie numbers
@ercwl
"this situation is occurring because in sweden, you can easily search for any person's residential address and drive straight to their house."
wat
@TorahJudaism
The first time I went to Jerusalem I wandered into this neighborhood and then to the big street and on to the Damascus Gate. God must have guided me.
@thechosenberg
Beautiful. This is the right attitude and the Din of God in action. Great example for other Muslim men and for the rest to see how great having gratitude and a pious yet compassionate attitude can be for your life. Contrast this with the depraved ingratitude we often see here.
What if I told you:
Anti-Money Laundering is a good thing.
If criminals can wash profits they can own much property + influence We can be the gen. that cuts corruption down to near 0.
Trick is: don't empower new corruption with AML policy that infringes on individual privacy.