Happy New Year Nostr - going to try to post more this year. Already vacated X, time to put more out there instead of just abstaining.
In other news, I can take or leave the All-In pod most weeks, but I’m glad I listened to their take on the “one time” billionaire tax up for discussion in California. The idea that the ultimate target of such a maneuver is the $170 trillion of middle class net worth that’s out there and not the $8 trillion of billionaire net worth is compelling and makes opting into Bitcoin all the more vital in my mind.
If this kind of asset seizure gets passed and starts to proliferate around the country as the dollar debases over the next several decades, we’ll also see dynamics similar to the Banking Secrecy Act take root, wherein financial transactions greater than $10,000 have become way more common than they were when the BSA was passed in 1970 thanks to inflation.
I’m sure there will be politicians that try to push the ceiling down on these taxes and make them “one time millionaire taxes” or something, but they’ll also have the tailwind of more and more people entering those taxable categories as the dollar continues to devalue.
Anyhow stay humble and stack some cold storage sats, anon. Happy New Year
Thanks fellas, already looking forward to the next one. High signal on cycles and quantum and as a Checkonchain subscriber I appreciated the shoutout John gave those guys.
