Damus

Recent Notes

Derek Ross · 11w
I thought it was pretty amazing.
Matthew Kratter · 20w
Answering Your Questions About Bitcoin Home Mining https://blossom.primal.net/f088f8ada87adc883c9817589722ccfbc13be3ed79ef7aa0f172f0b154f8eb8c.mp4
Dean profile picture
Totally agree that avoiding KYC is about personal safety but unfortunately the tax man thinks Bitcoin is about tax evasion. So needing to purchase hashpower with Sats does present a problem.

Those sats were probably purchased on a KYC exchange. If you then spend them on hashpower the tax man is going to probably assume you still have them because you didn't sell them on a KYC exchange. Sure you will say you sold them but if audited you will show receipts for what you spent the sats on. There is no way they believe you don't have 100% and some more sats earned through the mining than you started with. In reality you have some small % less. So sure the new sats are in a wallet address that is not KYC'd but the taxman will assume you have as much or more bitcoin than you really have. So it might as well be KYC bitcoin.

Still a worthy endeavor for the cause but I would be interested in ideas to manage the presented issue.
jimmysong · 23w
Social media these days isn't that social anymore. I suspect it's not just the fact that there's a bigger influencer culture. People just have fewer meaningful friends. Sadly, one of the results of CO...
Dean profile picture
I feel like most of the actual social interaction via tech has moved to messenger apps, WhatsApp etc. In some ways thats good. But I do think that the more distant social connections, such as family that you are not as close too, old work colleagues etc are missed out. But perhaps that's as it should be. We are not meant to have an infinite social graph including everyone we ever met.
Derek Ross · 25w
i don't support any of the current versions of bitcoin clients and their fuckery.
Lyn Alden · 33w
The printing press and moderately high literacy rates are basically the threshold for that.
Comte de Sats Germain · 38w
🤔 actually... That makes sense. I admit, I never looked closely enough at how inscriptions work to know this... How do they figure they own them if the sats are unspendable? How would they go about...
Dean profile picture
I probably was being a bit facetious by saying they burned them as they technically can still spend them (which is how they move the ownership of the inscription) but the transaction fee would already be more than the 1000 sats in the utxo so from a monetary sense they burned it but not from an NFT sense. If they really think someone attributes some value to owning the inscription that person might pay some money, making up for the high relative transaction fee. Same point stands though.
Comte de Sats Germain · 38w
🤔 actually... That makes sense. I admit, I never looked closely enough at how inscriptions work to know this... How do they figure they own them if the sats are unspendable? How would they go about selling an inscription?