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Pierre Simon profile picture
Pierre Simon
@Pierre Simon

Founder and CEO of Simon Consulting
Founder and CEO at Simon Academy

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Recent Notes

kidwarp · 13h
Yes it was… Ecash has a whole ecosystem that we don’t use… much less it never gets mentioned here… And I do not think of ecash/cashu as being embedded into any part of bitcoin same with LN… Both LN and ecash/cashu are optional and are NOT included in standard node software…
Pierre Simon profile picture
Following a recent debate on the nature of Layer 2s, I want to clarify why the distinction matters. Many see Bitcoin as a single-use asset, but we are moving toward a reality where Bitcoin is the settlement layer for the entire sovereign internet. 🛡️

Why Lightning, Taproot, and even Nostr belong to the Bitcoin ecosystem:
- Lightning is Bitcoin: It uses the same monetary base and valid Bitcoin script; it is simply off-chain settlement.

- Taproot Assets: This is a native Bitcoin protocol. While it can mint stablecoins like USDT, the finality and security are anchored directly in the Bitcoin blockchain.

- Nostr & Chaumian E-Cash: Protocols like Cashu or Fedimint (Chaumian e-cash) are now functionally "Bitcoin protocols." They provide privacy and speed, but their ultimate value is settled in sats. ⚡️



Yes, these technologies could theoretically work on other chains, but they have rightfully been built on Bitcoin. Why? Because you build your house on a rock, not on shifting sand. Bitcoin provides the only immutable, decentralized foundation strong enough to support these layers. 🪨🍊

Do you see Bitcoin as just 'digital gold,' or are you ready for the 'Bitcoin-native' world of apps and layers?

#Bitcoin #LightningNetwork #Nostr #TaprootAssets #Cashu #SimonAcademy #SovereignTech
brito · 15h
That is the same as saying that USDT is USD, they aren't the same at all. LN is not bitcoin. It is an abstract payment technology that can just as easily be applied to Monero. The reason why it isn't...
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Pierre Simon @Pierre Simon
Lightning Network is BTC, just off-chain. You are correct however that the technology itself can in principle also be applied to other crypto assets. This is partly done already through the taproot asset protocol where other assets like stablecoins (e.g. USDT and USDC) can and have been minted as a taproot asset in the Blockchain ecosystem. Example of that is the Speed Wallets where users can pay and receive USDT and USDC via the lightning channel. Bitcoin remains the settlement layer.
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brito · 13h
A token is not the real thing, just like USDT is not USD. LN is a token technology available to any other crypto so that point of "fast transactions" is moot when any other crypto can literally enjoy the same tech. Albeit we never see LN being used in the real world for anything other than zaps or...
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I’ve just reviewed the position paper released by the VBNL regarding the new Dutch tax proposal for crypto assets. The Tweede Kamer’s decision to tax unrealized gains (vermogensaanwas) instead of realized profits is a massive blow to the Dutch Bitcoin ecosystem.

The Core Issues:
- Liquidity Crisis: Taxing price spikes before you sell could force Dutch holders to liquidate their positions just to pay the tax man.
- Unfair Treatment: Why are real estate and startups exempt from taxing unrealized gains, while Bitcoin is not?.
- Operational Burden: For platforms like those I advise, the reporting requirements for every single satoshi, reward, and airdrop will be staggering.
- The VBNL is rightly calling for a "realization principle" (belasting bij verkoop) to protect the Dutch investment climate. If we want to foster innovation, we cannot tax people on "paper gains" that could evaporate the following year.

A deeper analysis of what this means for @Simon Consulting clients and followers will follow in a full article here on Nostr soon.

#Bitcoin #Taxation #Box3 #VBNL #Netherlands #SimonConsulting #Compliance #CryptoTax