@airtimeadventues
Life: More of everything please.
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Recent Notes
My accountant going through my Nostr zaps like
https://blossom.primal.net/9fbb7eed3e7e27fc5bb3dffff2e8c8e7aff12f5a92f2b533b528d0ca682b9a7f.jpg
đ¨ Bingo @Lyn Alden ! People wonder why government rules feel like theyâre squeezing us tighter every year? Itâs INFLATION EROSION! Policies set with fixed $$ amountsâlike Trumpâs proposed $600 crypto exemptionâget totally skewed over time. Without auto-adjustments, they hit WAY more people than intended. đ¤đ¸
Remember the original 1913 income tax brackets? Started at $3k exemption with top rate 7% over $500k. But no inflation indexing meant âbracket creepââfolks pushed into higher taxes just from rising prices, not real wealth gains. Middle class got hammered! đđŤ
Same BS with the $10k cash rule from 1970. Travel or transact over that? Report it! But $10k back then = ~$80k today. Now it snags everyday stuff, invading privacy & adding red tape. Pure policy drift! âď¸đź
For crypto: That $600 de minimis could shrink to peanuts in real value fast, killing innovation. Lesson from econ history? INDEX EVERYTHING to CPI from day one! No more stealth taxes.
#InflationTrap
Remember the original 1913 income tax brackets? Started at $3k exemption with top rate 7% over $500k. But no inflation indexing meant âbracket creepââfolks pushed into higher taxes just from rising prices, not real wealth gains. Middle class got hammered! đđŤ
Same BS with the $10k cash rule from 1970. Travel or transact over that? Report it! But $10k back then = ~$80k today. Now it snags everyday stuff, invading privacy & adding red tape. Pure policy drift! âď¸đź
For crypto: That $600 de minimis could shrink to peanuts in real value fast, killing innovation. Lesson from econ history? INDEX EVERYTHING to CPI from day one! No more stealth taxes.
#InflationTrap
â¤ď¸3
Thoughts on Bitcoin Treasury Companies (BTCs)
POSITIVES:
1. BTCs are inevitable at this point in monetary history. Many of us saw them coming many years ago.
2. BTCs put the theory of "Speculative ...
đ¨ Bitcoiners, wake up! This is the harsh reality of âBitcoin-friendlyâ apps still chained to the old financial system. Big shoutout to @DrJeff for calling it out in your post â spot on! đ
Iâve been all-in on supporting companies like @jackâs @CashApp that embrace #Bitcoin. DCAâd for YEARS, watched my stack moon⌠but now? I canât even self-custody it all in my #Bitkey wallet! đ¤
Why? Arbitrary daily/weekly limits that NO ONE can lift. 1.5 years of endless support calls, begging for escalation â nada. No concierge, no mercy. Just friction designed to keep you trapped.
Buyer beware: Escaping the legacy system ainât easy. Whoâs with me? Time to demand better! #Bitcoin #SelfCustody #CryptoFreedom
Iâve been all-in on supporting companies like @jackâs @CashApp that embrace #Bitcoin. DCAâd for YEARS, watched my stack moon⌠but now? I canât even self-custody it all in my #Bitkey wallet! đ¤
Why? Arbitrary daily/weekly limits that NO ONE can lift. 1.5 years of endless support calls, begging for escalation â nada. No concierge, no mercy. Just friction designed to keep you trapped.
Buyer beware: Escaping the legacy system ainât easy. Whoâs with me? Time to demand better! #Bitcoin #SelfCustody #CryptoFreedom
1â¤ď¸6đ¤1
@Cash App @jack
Now would be a great time to consolidate UTXOâs on Bitkey. If only there was an escalation path to move larger amounts of BTC from CashApp to Bitkey.
@utxo the webmaster đ§âđť @walker
Now would be a great time to consolidate UTXOâs on Bitkey. If only there was an escalation path to move larger amounts of BTC from CashApp to Bitkey.
@utxo the webmaster đ§âđť @walker
@CashApp @jack
I've been a loyal supporter, DCA'ing through CashApp since day one to help grow the ecosystem. However, with Bitcoin's current valuation, the USD withdrawal limits are severely restricting my ability to take self-custody of my assets. At this rate, moving my Bitcoin to BitKey or any other hardware wallet could take years with the current restrictive daily and weekly transaction limits.
Reaching out several times this past year to CashApp support has not helped. The response is the same each time saying they will send it to the team and then the ticket is closed.
We need an escalation path for those of us with significant investments to bypass these outdated limits. Other companies I support in this space like @Swan, @strike, and @River allow for much larger withdrawals without the hassle. I want to continue supporting CashApp, but the current system requires too much time and effort for simple transactions.
Please consider implementing a solution for higher withdrawal amounts. If anyone has connections or suggestions on how to get this issue addressed, your input would be invaluable.
@jackmallers @JeffBooth @NatalieBrunell @prestonpysh @ODELL @caitlinlong @DrJeffSnider @LynAldenContact
I've been a loyal supporter, DCA'ing through CashApp since day one to help grow the ecosystem. However, with Bitcoin's current valuation, the USD withdrawal limits are severely restricting my ability to take self-custody of my assets. At this rate, moving my Bitcoin to BitKey or any other hardware wallet could take years with the current restrictive daily and weekly transaction limits.
Reaching out several times this past year to CashApp support has not helped. The response is the same each time saying they will send it to the team and then the ticket is closed.
We need an escalation path for those of us with significant investments to bypass these outdated limits. Other companies I support in this space like @Swan, @strike, and @River allow for much larger withdrawals without the hassle. I want to continue supporting CashApp, but the current system requires too much time and effort for simple transactions.
Please consider implementing a solution for higher withdrawal amounts. If anyone has connections or suggestions on how to get this issue addressed, your input would be invaluable.
@jackmallers @JeffBooth @NatalieBrunell @prestonpysh @ODELL @caitlinlong @DrJeffSnider @LynAldenContact
1
@Cash App @jack Please create an escalation path for amounts over current USD limits for moving BTC from CashApp to BitKey.
In the spirit of supporting early adopter companies Iâve DCAâd via CashApp since inception. The limits are in USD, and with BTCâs current value in USD, it will take years and a lot of time initiating transfers to self custody.
Thank you.
In the spirit of supporting early adopter companies Iâve DCAâd via CashApp since inception. The limits are in USD, and with BTCâs current value in USD, it will take years and a lot of time initiating transfers to self custody.
Thank you.