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Michael Leonardi profile picture
Michael Leonardi
@mleonardi247

Bitcoiner

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  • wss://relay.damus.io – write
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  • wss://nostr.lopp.social – read & write

Recent Notes

MartyBent · 80w
When someone asks “Well isn’t bitcoin a threat to the dollar?” Immediately shift the frame and point out that the dollar, as it’s designed, is a threat to itself and American citizens. Bitcoi...
 Michael Leonardi profile picture
Michael Leonardi @mleonardi247
💯…the proper frame of reference is the US Dollar is a sinking ship.

#Bitcoin is a super tanker that showed up willing to take on as many people as would like to get off the sinking ship.

Bitcoin didn’t break it, the US Dollar was broke when it got here.

Michael Leonardi profile picture
Blackrock requesting in-Kind redemption on its #Bitcoin ETF is another huge catalyst for #Bitcoin. Currently moving out of the ETF is cash and a taxable event. In-Kind would allow authorized participants to take position of the Bitcoin…mostly banks. Couple that with repeal of SAB 121 allowing banks to custody Bitcoin and you have FAR less friction which will attract more capital to #Bitcoin.

SELF CUSTODY is still preferred but this opens up options such as Bitcoin lending with low interest rates, LOC on ETFs, etc for those wanting it. This is BULLISH people.

https://cointelegraph.com/news/nasdaq-filing-asset-manager-blackrock-bitcoin-etf-in-kind-redemption
Michael Leonardi profile picture
Politics 🤢🤮 but it’s a reality and the recent ending of SAB 121 will be HUGE for #Bitcoin in 2025 as it will allow banks to custody.

Self custody #Bitcoin is preferred but banks being allowed to custody will be the gateway for people to gain exposure to #Bitcoin. Collateralized Bitcoin loans with reasonable interest rates will also be the result.

It will be interesting to watch.
BitcoinStu · 102w
They make an extremely strong case for it being Peter Todd. By far the best case I've ever heard for anyone being Satoshi. Your claim that it's wrong, given no evidence or supporting argument, is me...
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Michael Leonardi @mleonardi247
Regarding the strength of the case made, agree to disagree. I e seen FAR stronger cases made for Hal Finney although I think neither is Satoshi. It’s a great documentary on other fronts. But to your point, my opinion is irrelevant. 🤝
1
BitcoinStu · 102w
Hal's work during that time is well know, he didn't code c++, by the late Satoshi period Hal's disease had progressed greatly and there is no way he could have kept up with the workload Satoshi put in, he was known to be an early miner but his mining did not match the Patoshi Pattern. Those are all...
Satoshi Pacioli Accounting · 104w
Taxes are terrible, we try to make them less terrible.
Kudzai Kutukwa · 104w
That’s the most outrageous bit and even worse when one realises how that tax money is spent
walker · 113w
Thanks man 🫡
Japhyrider · 112w
Agree 100%. Great fucking episode
MDB · 114w
exactly!