I was audited, and I hired a tax attorney to help me deal with it. Even with the tax attorney I still ended up owing significantly more than what I should have owed if the tax software knew how to deal with the kind of transactions I was doing.
The learning lesson was that you can't comply your way out of tyranny.
Saylor's value proposition is trust me bro. None of this would be an issue if those who trust him would self custody. It's obviously an issue the moment you add trust to the equation. Bitcoin is a trustless peer to peer network. The moment you start adding trust is the moment it is no longer bitcoin. You have MSTR. This is not bitcoin. Why are you referring to it as such?
Apparently Saylor when he suggests you give him money. Stop giving him money and the problem solves itself. Also, be careful who you call a bitcoin savior. They can always turn on you. I see his honeypot as an attack on bitcoin's publicity. If his coins get taken, or any custodial, the news reporters say that bitcoin got hacked. Normie's don't know the difference.
This is all I can come up with:
Many in society have been to trained depend on someone telling them how to think. Be it religious leaders, teachers, coaches, celebrities, politicians. Very few teach children and adults that it is ok to think for themselves. They latch onto people instead of ideas.
Sell/Spend whatever. You sold your utxo for a soda. You spent your utxo for a soda. Obviously if you are afraid then only sell/spend to an exchange. If you are brave, spend it in El Salvador. You do you. The issue is people aren't aware of the risks.
This IMHO, is why bisq is better than robosats. I think robosats can rug you like this because robosats is a website, and bisq is just open source code.
https://i.nostr.build/zdOLZ.jpg
Everybody thinks that this case is an outlier IMHO and it won't happen to them. Well, this isn't their only mechanism of attack. The IRS also uses chain anal to track traceability, and if your original buy doesn't trace to the final sale on your taxes then that could be another excuse for an audit. If you coinjoin you are rolling the dice.
One of the rules in self custody is to not put your coins in an environment that exceeds your own technical skills. This is a dangerous idea for long term storage. Do at your own risk.
Federated does not equal decentralized. Nostr is not advertised as being federated while mastodon is. Nostr is mostly decentralized. Of course when I say decentralized, do understand that the term is a gradient, not a dichotomy like decentralized vs centralized.
For better or worse, I found out you can setup your own custodial cashu mint at
https://legend.lnbits.com/
There you can enable the cashu extension after you setup a wallet. Obviously use at your own risk.
Government: the most powerful gang.
Gangs: any less powerful gang.
Law enforcement: thugs with a monopoly on violence.
Gang bangers: thugs without a monopoly on violence.
Law abider: anyone subservient to the biggest gang.
Criminal: anyone not subservient to the biggest gang.
That's a different error. You have multiple issues. That is a routing issue. You should be able to send it to yourself by clicking on avichand@primal.net
Sure, but can someone solve this argument?
Some agency knows you’re into bitcoin and sending money to somebody in Kazakhstan for no reason, it does not take a genius to figure out what happened
I think a lightning node, if run properly, will give you the most plausible deniability for moderate privacy, and is about the most normal thing you could do as a bitcoin user. Why not just do that?
DeCeNtRaLiZeD... Censorship Resistance, etc. People only care about number go up.
People need to remember why we are here, or spend the time to learn. Of course I know you know that, but for everyone else...
https://m.youtube.com/watch?v=JtyRN4YFRFI&pp
yeah
that is true and my thought too
but if some agency knows you’re into bitcoin and sending money to somebody in Kazakhstan for no reason, it does not take a genius to figure out what happened
The computer can be used as a tool to liberate and protect people, rather than to control them.
- Hal Finney
These agencies makes up the rules as they go.
I also think about having plausible deniability. Using lightning as it was intended is about the most normal thing you can do with bitcoin, and it offers moderate privacy. The problem is with all these LSPs moving in.
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