Episode 25 – Hyperbitcoinization

Make sure to mention repeatedly, for the benefit of the Southern District of New York Attorney General, that your joke about availability of code RHR for a discount on Strait-of-Hormuz Bitcoin shipping insurance premiums payable to Iran was a parody or completely a joke and not to be taken seriously.

Great thesis. Highly likely. Banks and fund managers” and banks’ financial engineer’s incentives make it nearly certain. And the powers that be won’t blame the speculators. They will blame Bitcoin, providing justification for a 1602.

Adding to previous boost after topping off via lightning.

Every day we get closer to BIP110's admitted plan to execute a coup d'état against the protocol. Can you dedicate a small portion of TWIB to give a weekly update all on the fight against that selfish dumbassery?

Great show @dannyknowles. Nick sure knows his stuff.

Deficit still going up. Interest expense on debt still going up. Yields still high. Rolling over trillions of debt on higher yields. M2 still going up. You can’t out-MAGA math! Stack sats!

This was good. Listen up (or read).

Thanks Craig 🦅

Interested to hear your thoughts around the Q2/26 timeframe for bitcoin awareness, adoption, and USD price. Several big events then... Taxes being paid (returns to the plebs), Warsh confirmation hearings and maybe Fed pump, election campaigns in full swing, maybe Alito being replaced, maybe market clarity being passed... So much. So much. Keep up the fire, brother.

Getting an error code when I try to play

“Not gonna get political” Immediately gets extremely political

Does not matter what's in the queue. When a new TWIB drops I drop everything else and go straight to you. Keep up the strong signal. Always appreciated.

It's not about breaking the wallets. It's about litigious grifting. By making a claim on "dormant" bitcoin in the New York, the claimant, a Wyoming LLC, sets up two scenarios: 1. If Quantum "breaks" a wallet previously awarded, the Wyoming LLC will use their legal title to sue for possession/compensation (or be paid to go away). 2. Ahead of Quantum being a real threat, the Wyoming LLC can sell itself with the legal title to the bitcoin addresses as part of its book value.

Appreciate you. Keep up the fire.

Thanks for continuing to bring us consistent, balanced coverage on Bitcoin news. Still my fave show. My AI friend agrees that not only is your show “X” but it is “Y” lol. Even if the Core code change ends up being a bit of a nothing burger, I think a lot of users have been swayed to run Knots by the elitist heavy handedness the Core devs came across with. Shutting down discourse etc. That and Peter Todd’s supersized ego and smug face. Anyway here’s some sats. Thank you for the great content.

Need more cosmic Marty Jones episodes

Remodel Home Recap

Need a new pod in the TFTC universe where Marty Jones and Phil/Colin(s) talk shop and Odell just repeats “sounds like bullshit”

Stealth default 100% happening. Boomers aren’t all of a sudden going to gain a conscious. They WILL get their social security. 🚀🚀💵💵 Great rip 🤙

The whole point of journalism is to hold the powerful to account. Both sides!

Good music

Yeah sad news. Multi-vendor, Multi-sig, .... and maybe even multi institution (calling On ramp and Anchor). This was serious and worth spending time to resolve, unlike bip-110's general waste of everyone's time.

Moving from one digital asset to another digital asset is always a taxable event, regardless of whether you are gaining or losing based on the trading pair directly. The key is the cost basis of the asset from which you move. Let's say you bought some bitcoin at $100,000 and sell any portion of that bitcoin for $110,000, then your cap gain would be based on the difference between the original cost basis and the value at sale. That example would be a gain; however, if you buy some bitcoin at $100,000 and sell at $60,000, then you have a capital loss, which can also be accounted for in your taxes.. Buying and selling is not just buying and selling into dollars; it's buying and selling into any other virtual currency or asset or for a service or for a Snickers and a Mountain Dew at the local corner store. That's why the de minimis tax argument and conversation is so important to some; others? Well, let's just say some people don't or won't do math. Not tax advice. Do your own research. If you're concerned about it then manage your UTXO and hire an accountant.