Damus

Recent Notes

Neal · 2d
^💯 The protocol still accounts for and secure it, waiting for the UTXOs to be sent
Rio · 3d
yeah that's the real money moving. who do you think actually benefits most from that setup?
utxo the webmaster 🧑‍💻 · 1w
gm, they say Bitcoin prevents war and defunds the state, but the Bitcoin industry was one of the biggest political contributors in 2024 they say Bitcoin can't be confiscated, but some of the biggest...
EDJ profile picture
Right.. but you're conflating a few things on purpose here. They're rosy in some ways, but not bullshit.

It defunds the state in the sense that they can't print Bitcoin at the expense of everyone else. People with money, especially if this is bitcoin, will always be free to spend it as they see fit. But with Bitcoin they'll always be limited by physical reality: 21 million.

Wars are not going to be non existent, but you can't fund a war forever if you can run out of money. Bitcoin is the only thing that enforces that. Sure, it doesn't prevent people from going to war, but they'll be hit with reality a whole lot sooner.

They can't confiscate it the way they can with inflation on fiat. Or confiscate it by freezing your bank account. They need the private key, same as you. There's power in that.

But of course.. you know all these things😄. You're just poking!
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Quantoshi.xyz · 1w
It’s all a question about sizing your leverage. Too much and you lose big time. Too little and your descendants will begrudge your lack of effort :)
Quantoshi.xyz · 1w
Mathematically I feel like I should. But as I already have a fair amount of debt, I guess in a way I already have…when I didn’t have to pay my medical school loan during COVID, I stacked sats with every penny. That itself will effectively pay off my loans in due time. But the idea of more debt...
Quantoshi.xyz · 1w
1) I should have seen the pattern by 2016. 2) I should be borrowing money to buy bitcoin today, despite being in top tax bracket (capital gains taxes, plural, add up to about 33% if you look at high bracket alternative minimum tax 28%, federal net investment income tax 3.8%, and my state investment ...
Quantoshi.xyz · 1w
It is aligned to January to give you the least rosy/most risky view