2026-08-11T01:47:47Z https://njump.me punspotter https://njump.me/npub1k840p2d8kapylsc58lnvedfwc072nrv67h3vprsw7qseclxjah3qgf2dtx https://blossom.primal.net/c484e43ebe34faf20dd62d86a990dab013e33b82f1c68df4e9190f33e1344188.jpg https://blossom.primal.net/c484e43ebe34faf20dd62d86a990dab013e33b82f1c68df4e9190f33e1344188.jpg https://njump.me/nevent1qqsg5qw288z8k6stjjentfvpkv56ruy3kvlz6wrnh4pam8666cx237qzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7y2ld27e In reply to <a href='/nevent1qqs02azesj95afw2kayxxhundsds47knhm3fskd80tsc4deaf6zsdcsprfmhxue69uhkummnw3ezuervv4ezucm0d5hkyunpwehs83qu3e'>nevent1q…qu3e</a><br/>_________________________<br/><br/>It&#39;s like an inverse Bitcoin faucet <br/><br/> 2026-05-05T16:32:23Z https://njump.me/nevent1qqstvjyx50tcusuucumry94packema9d9cmrns0lcnkp34ryzpfyquczyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7y68mtp8 In reply to <a href='/nevent1qqsrcu2dqfv0cp7tg9h50d8twukm9yuzd5egjmd08cnt5z9r9uf40wcpr9mhxue69uhkummn9ekx7mp0vd5hq6r9wgkh5atvw5mnxt53'>nevent1q…xt53</a><br/>_________________________<br/><br/>At this point I just feel bad for all the plebs that buy into BIP110. They&#39;re like the folks lining up to take the C19 jab to save gramma. Will they be surprised when it fails and they need another soft fork because the first didn&#39;t rug the spammers hard enough? SMH. Keep fighting for sanity <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpsprpmhxue69uhkummnw3ezumr0wpczuum0vd5kzmp0ksxxx2" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>Jameson Lopp</span> (<span class="italic">nprofile…xxx2</span>)</a></span> <br/><br/> 2026-04-27T15:42:08Z https://njump.me/nevent1qqs2zz6wk79w02d0798epdf7e6s757n99p86hspwaj77qqngh3wx58czyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yt2wu0e In reply to <a href='/nevent1qqsverxv9upvfvfjx0a6aveu33yeag9uylcdz4eq5347swllq5m4d9qhfthmd'>nevent1q…thmd</a><br/>_________________________<br/><br/>Are you saying that the free market would become like a minarchist state? But doesn&#39;t the State require a monopoly right to violence that no free market actor would obtain? <br/><br/> 2026-04-22T00:57:37Z https://njump.me/nevent1qqsyvs3vzc2cs456k4cg25uj5ncl99pk29z837e6yk6tjv4g8fndnhszyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yj0w7rq In reply to <a href='/nevent1qqsq4lejmpevsr7u2yfm2x5jmrc254e0f28gkahlh8cd7f7lzd6c9gcpndmhxue69uhkummn9ekx7mp0y5erqamnwvaz7tmwdaehgu3wd3skuep0y5erqffjxpshvct5v9ez2v3swaehxw309ahx7um5wgh8w6twv5hj2v3sy5erqctkv96xzu39xgc8wumn8ghj7ur4wfcxcetjv4kxz7fwvdhk6te9xgc8wumn8ghj7un9d3shjtnyv9kh2uewd9hj7ffjxpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uzzeyx7'>nevent1q…eyx7</a><br/>_________________________<br/><br/>😂<br/>Engineer: The glass is twice as large as it needs to be. <br/><br/> 2026-04-22T00:50:53Z https://njump.me/nevent1qqs0f43tjp6xxjprpct8gnfa3qv3wgtmsjjm3dayf7k8l8ecu78kczgzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ya9u2q8 In reply to <a href='/nevent1qqsf9n7nu96wzs6pthtgmahcmd898z9f0ramr5aa6a7qs5n5ypl9j5qprfmhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtmkxyhstxn90k'>nevent1q…n90k</a><br/>_________________________<br/><br/>Sorry, I&#39;m not seeing it. Rothbard was an An Cap and argued against the State and minarchism. Are you saying he wanted some minimal State? That was not clear when I read that book. <br/><br/> 2026-04-21T11:48:21Z https://njump.me/nevent1qqsf650md93rp6xjpjc8fx57ult7laqqfny7t2lyfgxq8mkexh8uyvgzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7y322psp In reply to <a href='/nevent1qqsfnytf5wec9eyq9d0p5tpcyphs74qlum8x6zwz6t0nymn2w06tadspydmhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtmedahxgetj94c8y6tnd5xlp3qw'>nevent1q…p3qw</a><br/>_________________________<br/><br/>Care to elaborate? What State functions does an-cap require? <br/><br/> 2026-04-19T18:34:56Z https://njump.me/nevent1qqs03thjwy39artc9rty8a2e2rra3e52lh03lpwawaw7z73km730z6szyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yguk5vp In reply to <a href='/nevent1qqsrngyv43er5s8u5etlvf6fc6e90hdev4g8uc05kw95th4tzprgd6gpr4mhxue69uhhyetvv9ujuumpw3kxzmn5d9eju6t09ahku7tcnz5zqe'>nevent1q…5zqe</a><br/>_________________________<br/><br/>No I&#39;m not. You said &#34;It is physically impossible for efficiently operating solar panels to absorb 95% of the incoming sunlight.&#34;<br/><br/>That is incorrect. I&#39;m trying to help you see the logic. <br/><br/>In a control volume analysis at steady state, you sum the energy inputs and output and the totals must match. 100% light in, 5% out as reflection, 15% out as electricity, 80% out as heat. 95% absorption splits into 15% and 80%.<br/><br/>The bare desert sand is probably 30-50% reflection and 50-70% absorption. The 50-70% absorbed light also leaves as heat. <br/><br/>So the article is not wrong on that point. But whether the difference between 80% sunlight being converted to heat and 50-79% is enough to affect the weather seems questionable to me. <br/><br/> 2026-04-18T02:37:15Z https://njump.me/nevent1qqsr82jfvkpy5vp2f6yvl6jm22jndfh7xwdll5uem96kcp3h6sv2szqzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ya6uaqq In reply to <a href='/nevent1qqsp4f9hv62juz8g7rhhqee2w0smvu2kxl9pu8xv48t3r84wpchl6xqpz4mhxue69uhkummnw3ezumt0d5hkzmrsdpsscjgx6a'>nevent1q…gx6a</a><br/>_________________________<br/><br/>Here&#39;s a source: 4% reflected, 96% absorbed. Of the 96, only 20% becomes electricity, the rest is heat.<br/><br/><a href="https://www.pveducation.org/pvcdrom/modules-and-arrays/heat-generation-in-pv-modules">https://www.pveducation.org/pvcdrom/modules-and-arrays/heat-generation-in-pv-modules</a> <br/><br/> 2026-04-17T00:48:37Z https://njump.me/nevent1qqsvghl33rjcc77q8q6s3gv7ws6ujeervq8vkf9qrvytqtynx0w48tqzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ycc7h6y In reply to <a href='/nevent1qqsp4f9hv62juz8g7rhhqee2w0smvu2kxl9pu8xv48t3r84wpchl6xqpz4mhxue69uhkummnw3ezumt0d5hkzmrsdpsscjgx6a'>nevent1q…gx6a</a><br/>_________________________<br/><br/>You&#39;re conflating efficiency with absorption.<br/><br/>A PV panel has to absorb 100 w to make 15 w of electricity. That&#39;s the efficiency. The other 85 w is released as heat. This is just the first law of thermodynamics. <br/><br/> 2026-04-17T00:44:16Z https://njump.me/nevent1qqsq33dthdn5tnd9urv9e0nxtlcudehwdjgskze55aep6n2k8vteepszyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ya2zr07 It&#39;s tax season, don&#39;t forget how immoral taxation is. You&#39;re being fleeced in ways you may not even realize. <br/><br/><a href="https://primal.net/a/">https://primal.net/a/</a> <br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/naddr1qq8hg6r994ch26t9wskhg6r9ve6qyg93atc2nfahgf8ux9plumxt2tkrlj5cmxh4utqgurhsyxw8e5hdugpsgqqqw4rskd3ecf" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">naddr1qq…3ecf</a></span> </div> <p>My mother sold her house last year to move into assisted living. She and my dad bought it in 1974 for $50,000, a four-bedroom colonial in a quiet suburb, red brick, with a big yard and a dogwood tree out front. They raised three children in it. They paid it off. My dad has been gone for eleven years. When my mother could no longer live alone, the house sold for $510,000.</p> <p>The IRS claimed $54,000 from the sale.</p> <p>That number is where the immorality of our current system hit me. My parents were not speculators. They bought a place to live, lived in it for fifty years, and paid property taxes on it every single year. It became the place we all think of when we think of home. And at the moment of their greatest vulnerability, the State&#39;s position was that, somewhere in that sequence of events, a gain had occurred, and they were owed over fifty thousand dollars of it.</p> <p>What was gained?</p> <h2 id="phantom-gains-2">Phantom Gains</h2> <p>The house did not get bigger. It was not renovated into something grander. It shelters a family today in roughly the same way it sheltered a family in 1974. The same four bedrooms. The same dogwood tree. The utility of the thing itself did not change.</p> <p>So where did the $460,000 come from?</p> <p>It came from what happened to the dollar over those fifty years. The Federal Reserve&#39;s own inflation calculator will tell you that $50,000 in 1974 had the purchasing power of roughly $320,000 today. By less generous measures of consumer prices, the real number is far higher. The house, in real terms, appreciated only modestly, a few thousand dollars a year over five decades; what you would expect for decent housing when you strip out the impact of currency devaluation.</p> <p>This is the distinction the tax code refuses to make: the difference between nominal appreciation and real appreciation. Nominal appreciation means the number got bigger. Real appreciation means the thing represents more value in the real world - in terms of what it can buy or what it can do. When the dollar loses purchasing power, everything denominated in dollars carries a larger number. That is nominal appreciation. It is not wealth creation. It is the same wealth measured in smaller units.</p> <p>Consider the same scenario with a monetary unit that had held its value over fifty years. The house would have sold for $65,000 or $70,000 - the modest real gain of a well-maintained home in a decent neighborhood. There would be almost nothing to tax because the nominal gain and the real gain would both be the same small number.</p> <p>With an inflationary dollar, the number balloons to $510,000 because the unit used to measure it quietly collapsed. My mother held the same house, denominated in dramatically smaller units, not $510,000 in new wealth. The number got bigger because the ruler shrank. That is the entire story.</p> <p>And yet the tax bill was real.</p> <h2 id="the-mechanism-2">The Mechanism</h2> <p>The State has compulsory jurisdiction over its citizens, control over the currency those citizens must use, and a tax code that treats nominal appreciation as real gains. Together these three facts produce a self-funding extraction loop. The system extracts real wealth from people who simply tried to preserve what they had earned - people who never chose the currency they are compelled to use and who cannot opt out of the jurisdiction over which the State claims control. Despite the inescapability, hardly anyone objects because the same nominal appreciation that serves as the tax basis also creates the illusion of enrichment that keeps citizens from seeing they were taxed on a gain that never happened.</p> <p>The self-concealing quality of this arrangement is the most insidious feature. Nominal appreciation is both the mechanism of extraction and the anesthetic that makes the extraction hard to perceive. Because the number in the asset column is going up, the citizen feels wealthier and the State appears to take only a modest percentage of a gain. The underlying reality, that the gain is an artifact of the currency debasement inherent in all fiat regimes, is invisible without deliberate inflation-adjusted accounting that almost no one performs and the tax code forbids.</p> <p>And what this arrangement conceals is two separate acts of taking, not one.</p> <h2 id="two-takings-2">Two Takings</h2> <p>The first taking is the debasement itself. When the State inflates the currency, the purchasing power of each dollar falls. Every dollar saved is worth a little less. This is a transfer of real wealth from savers to whoever receives the newly created money first, typically governments and the financial institutions closest to the mechanism of creation. It happens continuously, in the background, and it punishes those who would save their wealth in the State&#39;s currency.</p> <p>People want to save money because the future is uncertain, because liquidity has real value, because saving is rational and necessary. But when holding the monetary unit guarantees a slow loss of purchasing power, everyone is conscripted into becoming an investor whether they want to be or not. The person who simply wanted to save is forced into a house, a stock portfolio, a piece of land, something, anything that might hold value against the dollar. The State&#39;s monetary policy left them no viable alternative. It disincentives exactly the behavior a healthy economy should reward: saving, deferring consumption, and building a foundation. And because millions of savers are forced to seek refuge in real assets, the prices of these assets rise beyond what utility alone would justify. A house that shelters a family becomes a savings vehicle, which commands a monetary premium. The people who simply need a place to live pay the price.</p> <p>The second taking is the capital gains tax levied on the nominal gains the first taking caused. The saver is forced out of the currency and into a real asset as a refuge. Then, without any real-world change in the asset, the nominal appreciation that debasement produced on that asset is taxed as though it were real gain. The State takes twice: once by destroying the savings instrument, and once by harvesting the asset the saver was forced to flee into. The State creates the problem. The saver finds a solution. The State taxes the solution.</p> <p>This is where the immorality of the system is laid bare: it taxes something that does not exist. A genuine gain in wealth means more real purchasing power than before. Inflation-driven nominal appreciation means no such thing. The number is larger. The wealth is not. The citizen pays a tax on a numeric sleight of hand, on phantom gains the shrinking dollar conjured into existence.</p> <p>My mother&#39;s estate became nominally larger and the IRS took $54,000 of it because of an accounting trick. We were compelled to surrender a significant portion of something we owned to a government that unapologetically creates the very conditions that made the number so large.</p> <p>A moral society should not grant the State the right to claim over 10% of the house we grew up in. It is the same house, the same four bedrooms, the same dogwood tree.</p> <h2 id="a-new-standard-2">A New Standard</h2> <p>Some people, seeing this mechanism clearly, have reached for a different kind of money.</p> <p>Bitcoin is a monetary asset with a fixed supply. There will never be more than 21 million. No institution can expand it. No government can debase it. It is a savings instrument whose supply cannot be manipulated by the entities that also control the tax code.</p> <p>When someone buys bitcoin and holds it, they are deferring consumption, storing value, and choosing a unit the State cannot quietly destroy. Bitcoin is structured to resist exactly the debasement that made dollar savings untenable in the first place.</p> <p>As a relatively new technology, Bitcoin has gone up from a few cents to tens of thousands of dollars in its first seventeen years. Much of that appreciation reflects adoption, a real gain in value as the network becomes more useful. But a meaningful share of the increase is simply the dollar losing value, the same phenomenon that turned a $50,000 house into a $510,000 house. And the direction is clear: as Bitcoin matures, as adoption spreads, as it functions more as a global monetary reserve, the adoption premium shrinks as a share of total price movement. Over time, any price movements measured in debasing fiat units will be entirely nominal.</p> <p>The moral case against taxing those gains strengthens every year. A monetary instrument held as savings should not generate a taxable event - holding money is not a transaction. Bitcoin&#39;s price is a mirror held up to fiat currency. It is the same phenomenon as my mother&#39;s house, expressed in a harder asset. And Bitcoin provides our best hope for an escape from the extraction loop.</p> <h2 id="the-way-ahead-2">The Way Ahead</h2> <p>The corruption lives in the structure: an inflationary fiat currency paired with a tax code that treats nominal appreciation as real gain. This structure extracts real wealth based on phantom gains, but remains politically sustainable because most people are placated by a rising number.</p> <p>My parents did not know any of this. They bought a house because they needed a place to live and because they trusted that what they paid for was what they would eventually own. They never considered that the currency they were forced to value things in was being quietly hollowed out the entire time. And they certainly never expected the State to present a bill on a home they had owned for fifty years that had barely changed.</p> <p>The $54,000 bill was a tax on fifty years of saving in something ultimately denominated in a currency the State was destroying. Most people pay it without knowing what it is. That is precisely how the structure is designed to work.</p> <p>Bitcoin does not merely offer a refuge from this system. It eliminates the mechanism entirely. A monetary asset with a permanently fixed supply cannot produce phantom nominal gains. There is no debasement to inflate the number. There is no growing denominator to mistake for wealth. <strong>Under a Bitcoin standard, the second taking transforms from unjust to impossible.</strong> The thing the tax code calls a gain is simply never conjured into existence.</p> <p>That world is not here yet. Instead of a Bitcoin standard, Bitcoin is still priced in the very unit it exposes as broken and still subject to the tax code it renders philosophically incoherent. But even now, holding Bitcoin is the most rational response available to someone who sees the mechanism clearly. It is a savings instrument no central bank can debase, held without permission from the institutions running the extraction loop, and a way to opt out of a fiat standard. Every other refuge remains denominated in the State&#39;s currency and subject to the State&#39;s accounting. Bitcoin is its own standard.</p> <p>My mother did not have this option. Thank God my children do.</p> </blockquote> 2026-04-17T00:42:02Z https://njump.me/nevent1qqstc35klg979vdtl9ucfnsmdyjunrrd34ek5x88knjzd09pfakyy6gzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7y5tzmgv In reply to <a href='/nevent1qqsx37fj85wtfm97w72wx2yuz0zlll0qkt0elkuvmfpnvud8cct7huqpyemhxue69uhkummnw3ezumt0d5hkyetpvdhkuttedahxgetj94hx7an9d43x2usskfhek'>nevent1q…fhek</a><br/>_________________________<br/><br/>The weather mechanism may be dubious, but the energy absorption claim is not. <br/><br/>PV panels will absorb most of the solar energy, literally why they look black. A small percentage of that is converted into electricity and the rest is released as heat either through convection or radiation back to the surroundings. So a local warm zone above the panels is very likely. <br/><br/>Whether it&#39;s enough to affect the weather is another matter altogether. <br/><br/> 2026-04-16T16:36:09Z https://njump.me/nevent1qqs9ls4ngmyjk3y44y9lpfne50kdf32fwrucdqusp4qm20qt5jlg6cgzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ydluq4v In reply to <a href='/nevent1qqsxyt82v803qv64pajhs3usfyp5n0hkfzdt6kq4yxjymnhdxssmtxg9r5nf6'>nevent1q…5nf6</a><br/>_________________________<br/><br/><a href="https://primal.net/e/nevent1qqs9s4qrgv8z44z4cvgyfjm7hlh487e8y40q3cla5y437wv5q2uh4usv6eulx">https://primal.net/e/nevent1qqs9s4qrgv8z44z4cvgyfjm7hlh487e8y40q3cla5y437wv5q2uh4usv6eulx</a> <br/><br/> 2026-04-15T23:29:49Z https://njump.me/nevent1qqs02068w73xt6tkmz9ktjmzmt7d7lurl45ywj9q87ggpjls6unvxjqzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ya52xwz In reply to <a href='/nevent1qqs9s4qrgv8z44z4cvgyfjm7hlh487e8y40q3cla5y437wv5q2uh4usv6eulx'>nevent1q…eulx</a><br/>_________________________<br/><br/>What would Dr Seuss say about $STRC? 🤣<br/>For the record, I love Strategy <br/><br/>Someday the Sneeches will figure it out.<br/><br/> Meanwhile <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvs0vd8n5" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>saylor</span> (<span class="italic">nprofile…d8n5</span>)</a></span> wins... <br/><br/>GM <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5hgfg9w" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>ODELL</span> (<span class="italic">nprofile…fg9w</span>)</a></span> good for a laugh? <br/><br/> 2026-04-15T12:02:05Z https://njump.me/nevent1qqs9s4qrgv8z44z4cvgyfjm7hlh487e8y40q3cla5y437wv5q2uh4uszyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yxaplv4 Now the Sneetches had dollars and wanted their yield,<br/>So McSaylor arrived with his great money field.<br/>&#34;For just one hundred dollars I&#39;ll make you content!<br/>With an eye-popping yield of eleven percent!&#34;<br/>&#34;Just step into Stretch, the banks are all leaking,<br/>My certificate printer is just what you&#39;re seeking!&#34;<br/>&#34;We&#39;re yield-bearing Sneetches!!&#34; they said when they bought,<br/>Self-custody Bitcoin? Don&#39;t give it a thought.<br/>While deep in the belly, the machine churned away,<br/>Converting their dollars to Bitcoin each day.<br/>Then McSaylor McBean with a grin and a wave,<br/>Said &#34;Good day to you Sneetches, you&#39;ve all been so brave!&#34;<br/>He sailed off to Cannes in his yacht while still smiling,<br/>Nearly eight hundred thousand and steadily climbing.<br/>$STRC #Strategy #Bitcoin <br/><br/><br/><br/> <img src="https://blossom.primal.net/9fc9cd2596b0d72c9f3a0d47bfc49453ccdeb5be4b13d7c56f858eab67ff43e3.png"> 2026-04-15T01:26:08Z https://njump.me/nevent1qqs80ye3usa7gps9tnq42h6zr4k62ls9tsrph9p79v6xfny78pe24tgzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7y8us2zs I prefer to outsource my plant digestion to cows, they are way better at it than I am. <br/><br/> 2026-04-14T00:15:26Z https://njump.me/nevent1qqszck9kxm9hvwzyqh67s99ufaamwza3vzhtjw96yqkvwv8jtf26xeqzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yes8dzw In reply to <a href='/nevent1qqsyd7dfy8qwaz7hqm9ddwufl6g97k3lt408pc257k7akp8v2etxymqmu5qcs'>nevent1q…5qcs</a><br/>_________________________<br/><br/>A good place to start. Very sympatico with Dr Kory (whom I greatly esteem)<br/><br/><a href="https://open.substack.com/pub/amidwesterndoctor/p/early-health-innovators-and-dmso">https://open.substack.com/pub/amidwesterndoctor/p/early-health-innovators-and-dmso</a> <br/><br/> 2026-04-10T01:33:22Z https://njump.me/nevent1qqsyd7dfy8qwaz7hqm9ddwufl6g97k3lt408pc257k7akp8v2etxymqzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yhvw7xx In reply to <a href='/nevent1qqsx5l63h7fxxcq6x6c7jc7thp5pfcxe3q83dw9pxp2pxnm68sm8ktqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgnjt3k0'>nevent1q…t3k0</a><br/>_________________________<br/><br/>Been using CDS for years. Great stuff. Also check out DMSO <br/><br/> 2026-04-10T01:25:10Z https://njump.me/nevent1qqsf6eeg6cqjw5zk9w5nvndrtqntvruwk0l23ujdpq7expflsww8v8gzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yxcluf7 In reply to <a href='/nevent1qqszm6uenn6xtfj75w5h35mt6kp4qpkzggkr7rfx848gu6vty3nnxvgztwp4e'>nevent1q…wp4e</a><br/>_________________________<br/><br/>Can&#39;t imagine. Praying for your family. 2026-04-07T03:34:32Z https://njump.me/nevent1qqsf29y254rntjp94z0v5re7re2h42lyskvvl5kc55g5zp3zdldz76gzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yp5ehrd In reply to <a href='/nevent1qqsdqw9phhc2gc2jw8zgnx0qzcn9nvxy5hhmtwwfuglr0md2nscx6fq5wtx2u'>nevent1q…tx2u</a><br/>_________________________<br/><br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>Jeff Booth</span> (<span class="italic">nprofile…tkhj</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqstn8du5qvy5vkw2kgyevn8kghyxjpre9l5rrekmt6a9hlsm4a4cfcpp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvshrlpv4" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>bitcoinpierre</span> (<span class="italic">nprofile…lpv4</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5hgfg9w" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>ODELL</span> (<span class="italic">nprofile…fg9w</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpzemhxw309a6k6cnjv4kzumr0vdskcw358q6rsqg4waehxw309ajkgetw9ehx7um5wghxcctwvsxwhevn" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>walker</span> (<span class="italic">nprofile…hevn</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spramhxue69uhky6t5vdhkjmndv9uxjmtpd35hxarn9ehkumrfdejsz9thwden5te0v4jx2m3wdehhxarj9ekxzmnytjq0jg" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>MartyBent</span> (<span class="italic">nprofile…q0jg</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>jack mallers</span> (<span class="italic">nprofile…8sjr</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqs8pvzl39y6h730jnctmfvhrgsj8y2v6wlhqry8juh9dkjvuj8u9pspzdmhxue69uhkvun9v4ex2mrp0yh8s7t6qy08wumn8ghj76twwe5kcmrpvajj6mm4w3mxjmrvv9nk2tnrdakssplepv" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>NakamotoInst</span> (<span class="italic">nprofile…lepv</span>)</a></span><br/>Hope you like this one 💪⚡🔥 <br/><br/> 2026-03-29T21:28:30Z https://njump.me/nevent1qqsdqw9phhc2gc2jw8zgnx0qzcn9nvxy5hhmtwwfuglr0md2nscx6fqzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yfjz2kh Capital gains taxes combined with inflation make one of the more immoral and deceptive wealth extraction mechanisms the State has contrived. <br/><br/>I wrote about it and how Bitcoin eliminates the mechanism of injustice:<br/><br/><a href="https://primal.net/a/">https://primal.net/a/</a> <br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/naddr1qq8hg6r994ch26t9wskhg6r9ve6qyg93atc2nfahgf8ux9plumxt2tkrlj5cmxh4utqgurhsyxw8e5hdugpsgqqqw4rskd3ecf" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">naddr1qq…3ecf</a></span> </div> <p>My mother sold her house last year to move into assisted living. She and my dad bought it in 1974 for $50,000, a four-bedroom colonial in a quiet suburb, red brick, with a big yard and a dogwood tree out front. They raised three children in it. They paid it off. My dad has been gone for eleven years. When my mother could no longer live alone, the house sold for $510,000.</p> <p>The IRS claimed $54,000 from the sale.</p> <p>That number is where the immorality of our current system hit me. My parents were not speculators. They bought a place to live, lived in it for fifty years, and paid property taxes on it every single year. It became the place we all think of when we think of home. And at the moment of their greatest vulnerability, the State&#39;s position was that, somewhere in that sequence of events, a gain had occurred, and they were owed over fifty thousand dollars of it.</p> <p>What was gained?</p> <h2 id="phantom-gains-5">Phantom Gains</h2> <p>The house did not get bigger. It was not renovated into something grander. It shelters a family today in roughly the same way it sheltered a family in 1974. The same four bedrooms. The same dogwood tree. The utility of the thing itself did not change.</p> <p>So where did the $460,000 come from?</p> <p>It came from what happened to the dollar over those fifty years. The Federal Reserve&#39;s own inflation calculator will tell you that $50,000 in 1974 had the purchasing power of roughly $320,000 today. By less generous measures of consumer prices, the real number is far higher. The house, in real terms, appreciated only modestly, a few thousand dollars a year over five decades; what you would expect for decent housing when you strip out the impact of currency devaluation.</p> <p>This is the distinction the tax code refuses to make: the difference between nominal appreciation and real appreciation. Nominal appreciation means the number got bigger. Real appreciation means the thing represents more value in the real world - in terms of what it can buy or what it can do. When the dollar loses purchasing power, everything denominated in dollars carries a larger number. That is nominal appreciation. It is not wealth creation. It is the same wealth measured in smaller units.</p> <p>Consider the same scenario with a monetary unit that had held its value over fifty years. The house would have sold for $65,000 or $70,000 - the modest real gain of a well-maintained home in a decent neighborhood. There would be almost nothing to tax because the nominal gain and the real gain would both be the same small number.</p> <p>With an inflationary dollar, the number balloons to $510,000 because the unit used to measure it quietly collapsed. My mother held the same house, denominated in dramatically smaller units, not $510,000 in new wealth. The number got bigger because the ruler shrank. That is the entire story.</p> <p>And yet the tax bill was real.</p> <h2 id="the-mechanism-5">The Mechanism</h2> <p>The State has compulsory jurisdiction over its citizens, control over the currency those citizens must use, and a tax code that treats nominal appreciation as real gains. Together these three facts produce a self-funding extraction loop. The system extracts real wealth from people who simply tried to preserve what they had earned - people who never chose the currency they are compelled to use and who cannot opt out of the jurisdiction over which the State claims control. Despite the inescapability, hardly anyone objects because the same nominal appreciation that serves as the tax basis also creates the illusion of enrichment that keeps citizens from seeing they were taxed on a gain that never happened.</p> <p>The self-concealing quality of this arrangement is the most insidious feature. Nominal appreciation is both the mechanism of extraction and the anesthetic that makes the extraction hard to perceive. Because the number in the asset column is going up, the citizen feels wealthier and the State appears to take only a modest percentage of a gain. The underlying reality, that the gain is an artifact of the currency debasement inherent in all fiat regimes, is invisible without deliberate inflation-adjusted accounting that almost no one performs and the tax code forbids.</p> <p>And what this arrangement conceals is two separate acts of taking, not one.</p> <h2 id="two-takings-5">Two Takings</h2> <p>The first taking is the debasement itself. When the State inflates the currency, the purchasing power of each dollar falls. Every dollar saved is worth a little less. This is a transfer of real wealth from savers to whoever receives the newly created money first, typically governments and the financial institutions closest to the mechanism of creation. It happens continuously, in the background, and it punishes those who would save their wealth in the State&#39;s currency.</p> <p>People want to save money because the future is uncertain, because liquidity has real value, because saving is rational and necessary. But when holding the monetary unit guarantees a slow loss of purchasing power, everyone is conscripted into becoming an investor whether they want to be or not. The person who simply wanted to save is forced into a house, a stock portfolio, a piece of land, something, anything that might hold value against the dollar. The State&#39;s monetary policy left them no viable alternative. It disincentives exactly the behavior a healthy economy should reward: saving, deferring consumption, and building a foundation. And because millions of savers are forced to seek refuge in real assets, the prices of these assets rise beyond what utility alone would justify. A house that shelters a family becomes a savings vehicle, which commands a monetary premium. The people who simply need a place to live pay the price.</p> <p>The second taking is the capital gains tax levied on the nominal gains the first taking caused. The saver is forced out of the currency and into a real asset as a refuge. Then, without any real-world change in the asset, the nominal appreciation that debasement produced on that asset is taxed as though it were real gain. The State takes twice: once by destroying the savings instrument, and once by harvesting the asset the saver was forced to flee into. The State creates the problem. The saver finds a solution. The State taxes the solution.</p> <p>This is where the immorality of the system is laid bare: it taxes something that does not exist. A genuine gain in wealth means more real purchasing power than before. Inflation-driven nominal appreciation means no such thing. The number is larger. The wealth is not. The citizen pays a tax on a numeric sleight of hand, on phantom gains the shrinking dollar conjured into existence.</p> <p>My mother&#39;s estate became nominally larger and the IRS took $54,000 of it because of an accounting trick. We were compelled to surrender a significant portion of something we owned to a government that unapologetically creates the very conditions that made the number so large.</p> <p>A moral society should not grant the State the right to claim over 10% of the house we grew up in. It is the same house, the same four bedrooms, the same dogwood tree.</p> <h2 id="a-new-standard-5">A New Standard</h2> <p>Some people, seeing this mechanism clearly, have reached for a different kind of money.</p> <p>Bitcoin is a monetary asset with a fixed supply. There will never be more than 21 million. No institution can expand it. No government can debase it. It is a savings instrument whose supply cannot be manipulated by the entities that also control the tax code.</p> <p>When someone buys bitcoin and holds it, they are deferring consumption, storing value, and choosing a unit the State cannot quietly destroy. Bitcoin is structured to resist exactly the debasement that made dollar savings untenable in the first place.</p> <p>As a relatively new technology, Bitcoin has gone up from a few cents to tens of thousands of dollars in its first seventeen years. Much of that appreciation reflects adoption, a real gain in value as the network becomes more useful. But a meaningful share of the increase is simply the dollar losing value, the same phenomenon that turned a $50,000 house into a $510,000 house. And the direction is clear: as Bitcoin matures, as adoption spreads, as it functions more as a global monetary reserve, the adoption premium shrinks as a share of total price movement. Over time, any price movements measured in debasing fiat units will be entirely nominal.</p> <p>The moral case against taxing those gains strengthens every year. A monetary instrument held as savings should not generate a taxable event - holding money is not a transaction. Bitcoin&#39;s price is a mirror held up to fiat currency. It is the same phenomenon as my mother&#39;s house, expressed in a harder asset. And Bitcoin provides our best hope for an escape from the extraction loop.</p> <h2 id="the-way-ahead-5">The Way Ahead</h2> <p>The corruption lives in the structure: an inflationary fiat currency paired with a tax code that treats nominal appreciation as real gain. This structure extracts real wealth based on phantom gains, but remains politically sustainable because most people are placated by a rising number.</p> <p>My parents did not know any of this. They bought a house because they needed a place to live and because they trusted that what they paid for was what they would eventually own. They never considered that the currency they were forced to value things in was being quietly hollowed out the entire time. And they certainly never expected the State to present a bill on a home they had owned for fifty years that had barely changed.</p> <p>The $54,000 bill was a tax on fifty years of saving in something ultimately denominated in a currency the State was destroying. Most people pay it without knowing what it is. That is precisely how the structure is designed to work.</p> <p>Bitcoin does not merely offer a refuge from this system. It eliminates the mechanism entirely. A monetary asset with a permanently fixed supply cannot produce phantom nominal gains. There is no debasement to inflate the number. There is no growing denominator to mistake for wealth. <strong>Under a Bitcoin standard, the second taking transforms from unjust to impossible.</strong> The thing the tax code calls a gain is simply never conjured into existence.</p> <p>That world is not here yet. Instead of a Bitcoin standard, Bitcoin is still priced in the very unit it exposes as broken and still subject to the tax code it renders philosophically incoherent. But even now, holding Bitcoin is the most rational response available to someone who sees the mechanism clearly. It is a savings instrument no central bank can debase, held without permission from the institutions running the extraction loop, and a way to opt out of a fiat standard. Every other refuge remains denominated in the State&#39;s currency and subject to the State&#39;s accounting. Bitcoin is its own standard.</p> <p>My mother did not have this option. Thank God my children do.</p> </blockquote> 2026-03-29T21:07:36Z https://njump.me/nevent1qqs8selz30s4q3khfxsu75f8du05p98s5q536tdqcdtty2u3xxayfpszyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ytx3x3t In reply to <a href='/nevent1qqsq7q78wma67l74lgt9fg7azglz0km0exdvr7cy0qyp4sxd5r2kxgcgne8me'>nevent1q…e8me</a><br/>_________________________<br/><br/>Ok, bad LLM. Try again when you actually understand what&#39;s going on. Have fun forking off. <br/><br/> 2026-03-29T15:08:05Z https://njump.me/nevent1qqs2lysq2s9fmnczuxfcqc5m9reshpgaq0pspu9eraw5k9y5wvgl2aczyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ypnvjg0 In reply to <a href='/nevent1qqsg0a9y0ll0u2s8wvw6xeqvvnqfjrx4wa33ungrqm708p9xn285d6q79336d'>nevent1q…336d</a><br/>_________________________<br/><br/>Super cool video on Booth&#39;s book. I wrote an article on an adjacent topic. If it inspires you, feel free to use any of the concepts for one of your projects. I think, like the Price of Tomorrow, it is something most people don&#39;t recognize: <a href="https://primal.net/a/">https://primal.net/a/</a><br/>#bitcoin #inflation #capital_gains #sound_money #fiat #taxation <br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/naddr1qq8hg6r994ch26t9wskhg6r9ve6qyg93atc2nfahgf8ux9plumxt2tkrlj5cmxh4utqgurhsyxw8e5hdugpsgqqqw4rskd3ecf" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">naddr1qq…3ecf</a></span> </div> <p>My mother sold her house last year to move into assisted living. She and my dad bought it in 1974 for $50,000, a four-bedroom colonial in a quiet suburb, red brick, with a big yard and a dogwood tree out front. They raised three children in it. They paid it off. My dad has been gone for eleven years. When my mother could no longer live alone, the house sold for $510,000.</p> <p>The IRS claimed $54,000 from the sale.</p> <p>That number is where the immorality of our current system hit me. My parents were not speculators. They bought a place to live, lived in it for fifty years, and paid property taxes on it every single year. It became the place we all think of when we think of home. And at the moment of their greatest vulnerability, the State&#39;s position was that, somewhere in that sequence of events, a gain had occurred, and they were owed over fifty thousand dollars of it.</p> <p>What was gained?</p> <h2 id="phantom-gains-8">Phantom Gains</h2> <p>The house did not get bigger. It was not renovated into something grander. It shelters a family today in roughly the same way it sheltered a family in 1974. The same four bedrooms. The same dogwood tree. The utility of the thing itself did not change.</p> <p>So where did the $460,000 come from?</p> <p>It came from what happened to the dollar over those fifty years. The Federal Reserve&#39;s own inflation calculator will tell you that $50,000 in 1974 had the purchasing power of roughly $320,000 today. By less generous measures of consumer prices, the real number is far higher. The house, in real terms, appreciated only modestly, a few thousand dollars a year over five decades; what you would expect for decent housing when you strip out the impact of currency devaluation.</p> <p>This is the distinction the tax code refuses to make: the difference between nominal appreciation and real appreciation. Nominal appreciation means the number got bigger. Real appreciation means the thing represents more value in the real world - in terms of what it can buy or what it can do. When the dollar loses purchasing power, everything denominated in dollars carries a larger number. That is nominal appreciation. It is not wealth creation. It is the same wealth measured in smaller units.</p> <p>Consider the same scenario with a monetary unit that had held its value over fifty years. The house would have sold for $65,000 or $70,000 - the modest real gain of a well-maintained home in a decent neighborhood. There would be almost nothing to tax because the nominal gain and the real gain would both be the same small number.</p> <p>With an inflationary dollar, the number balloons to $510,000 because the unit used to measure it quietly collapsed. My mother held the same house, denominated in dramatically smaller units, not $510,000 in new wealth. The number got bigger because the ruler shrank. That is the entire story.</p> <p>And yet the tax bill was real.</p> <h2 id="the-mechanism-8">The Mechanism</h2> <p>The State has compulsory jurisdiction over its citizens, control over the currency those citizens must use, and a tax code that treats nominal appreciation as real gains. Together these three facts produce a self-funding extraction loop. The system extracts real wealth from people who simply tried to preserve what they had earned - people who never chose the currency they are compelled to use and who cannot opt out of the jurisdiction over which the State claims control. Despite the inescapability, hardly anyone objects because the same nominal appreciation that serves as the tax basis also creates the illusion of enrichment that keeps citizens from seeing they were taxed on a gain that never happened.</p> <p>The self-concealing quality of this arrangement is the most insidious feature. Nominal appreciation is both the mechanism of extraction and the anesthetic that makes the extraction hard to perceive. Because the number in the asset column is going up, the citizen feels wealthier and the State appears to take only a modest percentage of a gain. The underlying reality, that the gain is an artifact of the currency debasement inherent in all fiat regimes, is invisible without deliberate inflation-adjusted accounting that almost no one performs and the tax code forbids.</p> <p>And what this arrangement conceals is two separate acts of taking, not one.</p> <h2 id="two-takings-8">Two Takings</h2> <p>The first taking is the debasement itself. When the State inflates the currency, the purchasing power of each dollar falls. Every dollar saved is worth a little less. This is a transfer of real wealth from savers to whoever receives the newly created money first, typically governments and the financial institutions closest to the mechanism of creation. It happens continuously, in the background, and it punishes those who would save their wealth in the State&#39;s currency.</p> <p>People want to save money because the future is uncertain, because liquidity has real value, because saving is rational and necessary. But when holding the monetary unit guarantees a slow loss of purchasing power, everyone is conscripted into becoming an investor whether they want to be or not. The person who simply wanted to save is forced into a house, a stock portfolio, a piece of land, something, anything that might hold value against the dollar. The State&#39;s monetary policy left them no viable alternative. It disincentives exactly the behavior a healthy economy should reward: saving, deferring consumption, and building a foundation. And because millions of savers are forced to seek refuge in real assets, the prices of these assets rise beyond what utility alone would justify. A house that shelters a family becomes a savings vehicle, which commands a monetary premium. The people who simply need a place to live pay the price.</p> <p>The second taking is the capital gains tax levied on the nominal gains the first taking caused. The saver is forced out of the currency and into a real asset as a refuge. Then, without any real-world change in the asset, the nominal appreciation that debasement produced on that asset is taxed as though it were real gain. The State takes twice: once by destroying the savings instrument, and once by harvesting the asset the saver was forced to flee into. The State creates the problem. The saver finds a solution. The State taxes the solution.</p> <p>This is where the immorality of the system is laid bare: it taxes something that does not exist. A genuine gain in wealth means more real purchasing power than before. Inflation-driven nominal appreciation means no such thing. The number is larger. The wealth is not. The citizen pays a tax on a numeric sleight of hand, on phantom gains the shrinking dollar conjured into existence.</p> <p>My mother&#39;s estate became nominally larger and the IRS took $54,000 of it because of an accounting trick. We were compelled to surrender a significant portion of something we owned to a government that unapologetically creates the very conditions that made the number so large.</p> <p>A moral society should not grant the State the right to claim over 10% of the house we grew up in. It is the same house, the same four bedrooms, the same dogwood tree.</p> <h2 id="a-new-standard-8">A New Standard</h2> <p>Some people, seeing this mechanism clearly, have reached for a different kind of money.</p> <p>Bitcoin is a monetary asset with a fixed supply. There will never be more than 21 million. No institution can expand it. No government can debase it. It is a savings instrument whose supply cannot be manipulated by the entities that also control the tax code.</p> <p>When someone buys bitcoin and holds it, they are deferring consumption, storing value, and choosing a unit the State cannot quietly destroy. Bitcoin is structured to resist exactly the debasement that made dollar savings untenable in the first place.</p> <p>As a relatively new technology, Bitcoin has gone up from a few cents to tens of thousands of dollars in its first seventeen years. Much of that appreciation reflects adoption, a real gain in value as the network becomes more useful. But a meaningful share of the increase is simply the dollar losing value, the same phenomenon that turned a $50,000 house into a $510,000 house. And the direction is clear: as Bitcoin matures, as adoption spreads, as it functions more as a global monetary reserve, the adoption premium shrinks as a share of total price movement. Over time, any price movements measured in debasing fiat units will be entirely nominal.</p> <p>The moral case against taxing those gains strengthens every year. A monetary instrument held as savings should not generate a taxable event - holding money is not a transaction. Bitcoin&#39;s price is a mirror held up to fiat currency. It is the same phenomenon as my mother&#39;s house, expressed in a harder asset. And Bitcoin provides our best hope for an escape from the extraction loop.</p> <h2 id="the-way-ahead-8">The Way Ahead</h2> <p>The corruption lives in the structure: an inflationary fiat currency paired with a tax code that treats nominal appreciation as real gain. This structure extracts real wealth based on phantom gains, but remains politically sustainable because most people are placated by a rising number.</p> <p>My parents did not know any of this. They bought a house because they needed a place to live and because they trusted that what they paid for was what they would eventually own. They never considered that the currency they were forced to value things in was being quietly hollowed out the entire time. And they certainly never expected the State to present a bill on a home they had owned for fifty years that had barely changed.</p> <p>The $54,000 bill was a tax on fifty years of saving in something ultimately denominated in a currency the State was destroying. Most people pay it without knowing what it is. That is precisely how the structure is designed to work.</p> <p>Bitcoin does not merely offer a refuge from this system. It eliminates the mechanism entirely. A monetary asset with a permanently fixed supply cannot produce phantom nominal gains. There is no debasement to inflate the number. There is no growing denominator to mistake for wealth. <strong>Under a Bitcoin standard, the second taking transforms from unjust to impossible.</strong> The thing the tax code calls a gain is simply never conjured into existence.</p> <p>That world is not here yet. Instead of a Bitcoin standard, Bitcoin is still priced in the very unit it exposes as broken and still subject to the tax code it renders philosophically incoherent. But even now, holding Bitcoin is the most rational response available to someone who sees the mechanism clearly. It is a savings instrument no central bank can debase, held without permission from the institutions running the extraction loop, and a way to opt out of a fiat standard. Every other refuge remains denominated in the State&#39;s currency and subject to the State&#39;s accounting. Bitcoin is its own standard.</p> <p>My mother did not have this option. Thank God my children do.</p> </blockquote> 2026-03-29T14:54:29Z https://njump.me/nevent1qqspamzyej2jw9hn8qmpcuh2n86ln8pm38pm4pxvqfmuy7zz9ppwsqszyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yrtv35p In reply to <a href='/nevent1qqs0859hggquw0uywvfnc5dfwd0jpsaalt6qmcqupdpymtweklsnxng9kk8c0'>nevent1q…k8c0</a><br/>_________________________<br/><br/>Posts like this are why it&#39;s hard to take BIP110 supporters seriously. <br/><br/>On knotslies.com: Of course it&#39;s not neutral, but it documents the technical case for why the BIP cannot accomplish what it claims.<br/><br/>On persona: Have you been on X lately? There are accounts with &#34;BIP110&#34; in their profile and &#34;rug the spammers&#34; in their bio spouting exactly this kind of nonsense. Most are plebs, some are people I used to respect. Not all are bots, but many are. So when you say &#34;we do not,&#34; you&#39;re ignoring a vocal contingent that clearly does.<br/><br/>On benefits: It still would be trivial to put arbitrary data in the chain. Block size and IBD stay the same so no benefit to node runners there. You&#39;re more likely to push spam into UTXO pollution, which is worse for node operators than OP_RETURN data that can be pruned. The opcode and tapscript restrictions hurt L2 development. And if Bitcoin is going to be money for everyone, L2s are how we get there. &#34;Virtually no benefit&#34; is being generous.<br/><br/>On chain split/forking off: Soft fork doesn&#39;t save you. There are three scenarios:<br/>1) Majority mining support, smooth activation. This is your SegWit analogy but seems highly unlikely.<br/><br/>2) Split mining support, chain split. BIP110 has no replay protection. This creates a major mess. The 55% activation threshold and fixed activation date make this scenario possible in the unlikely event that enough miners are signaling and actually follow through. And all it takes is one non-compliant block within the year that BIP110 is active to set this off. Virtually guaranteed to happen if this scenario plays out.<br/><br/>3) Virtually no mining support. Enforcing nodes quietly fork themselves off the main chain while thinking they&#39;re still on Bitcoin. This is the most likely outcome.<br/><br/>Last point: If BIP110ers were serious, they wouldn&#39;t propose a temporary soft fork with an unprecedentedly low activation threshold. If this were actually a good solution, you wouldn&#39;t see so many normal Bitcoiners arguing it doesn&#39;t make Bitcoin better money. You would be able to achieve rough consensus socially and on chain.<br/><br/>The arguments about Core politics and tribalism are separate from whether BIP110 has enough merit to justify the risks.<br/><br/>Agree: your node, your rules. I just wouldn&#39;t want to be responsible for misleading people and losing credibility. <br/><br/> 2026-03-29T14:13:00Z https://njump.me/nevent1qqsyeu3nr9hf3v9a0ld6g0ffhjnjwxek5hran0w3lc8pr6dxuh3094czyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yqztg97 In reply to <a href='/nevent1qqs2yyljewzzmj2nyh22jqxwp9a763sentu5fw26rap7g9hkwj5q2pq9wpyhg'>nevent1q…pyhg</a><br/>_________________________<br/><br/>LoL, that&#39;s the best you&#39;ve got?<br/><br/> &#34;In many contexts&#34; people were lining up to get the jab. Some even made it a huge part of their persona and went on moral crusades - just like BIP110 supporters. <br/><br/>By all means, run the node you want. This is anarchy. But recognize if your node enforces BIP110 rules, you are risking forking off or causing a chain split for virtually no benefit and some serious potential harm. FAFO. <a href="https://knotslies.com/">https://knotslies.com/</a> <br/><br/> 2026-03-29T01:51:25Z https://njump.me/nevent1qqswavfxes0vrhpsp82mflj0h9dvc292v0krrp3dgqjjxyzvw9aa02gzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7y5932jx In reply to <a href='/nevent1qqsxs0l52y95x0r4hwkl39k3jumxym5elqadnyfqskuap92d5f720hcr5a48s'>nevent1q…a48s</a><br/>_________________________<br/><br/>I agree, but I like a hybrid. Voice when I&#39;m clear on what I want to say and typing when I need to think or edit for clarity. <br/><br/> 2026-03-28T16:31:55Z https://njump.me/nevent1qqsxw3tlzdqujxkpd6cdzypjsl7k034ealwu80yuydk34dxqqlyr6vgzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ykwlhrr In reply to <a href='/naddr1qqvxuct6d9ej66rpw3jj66r0d4jhxcmgdahkc6twvupzp3yw98cykjpvcqw2r7003jrwlqcccpv7p6f4xg63vtcgpunwznq3qvzqqqr4gu33e3z2'>naddr1qq…e3z2</a><br/>_________________________<br/><br/>Well done. You put into words many vague sentiments I held. Our kids are just approaching the age where this matters and we certainly won&#39;t be turning them over to any State indoctrination centers. <br/><br/> 2026-03-28T14:44:16Z https://njump.me/nevent1qqsxu8n72hhq90tdfz0k5wwd5a56uhtyeyquq6h4cuycd7rhraplpqgzyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7ywul9cx In reply to <a href='/nevent1qqsv35ndnkuwe6enkzzwn66v0pw0x5dlzv2usd25fj6v34t47cjym6qclefy6'>nevent1q…efy6</a><br/>_________________________<br/><br/>BIP110 is like the covid jab.<br/><br/>A plausible narrative that uses people&#39;s good intentions to dupe them into compliance with a risky solution for a manufactured emergency. Supporters spout dubious moral claims with great assurance, founded on the scare tactics of a few &#34;experts.&#34;<br/><br/>And just like the jab, it&#39;s a novel intervention that cannot possibly achieve its stated goals and will likely trigger autoimmune effects on Bitcoin&#39;s governance. After the panicking mob figures out they can live without their masks (filters) and boosters (consensus changes) and that the original immune defense (fees and the block size limit) was really what protected them, they&#39;ll eventually stop accusing dissenters of wanting to kill grandma (supporting spam). <br/><br/> 2026-03-28T13:47:41Z https://njump.me/nevent1qqs0fwl643y5s3r34kzcjvx7qfjt6jaudnnntktpxry5f5dcmezzvzczyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yfh5wgw In reply to <a href='/nevent1qqs2thjv8ht3cnsfrlyphw72zht9vumkdx5a2caku98fnr64l3jk4xcpzamhxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmq8che6s'>nevent1q…he6s</a><br/>_________________________<br/><br/>Thank you! <br/><br/> 2026-03-28T12:14:43Z https://njump.me/nevent1qqsw83g6etknadwtc5sh3ls73n209kt6zkg7sspafc4dr3g3mn2q6sszyzc74u9f57m5yn7rzsl7dn949mple2vdnt679sywpmczr8ru6tk7yd44lst I am Jesse. New to nostr.<br/>Follower of one King only. <br/>Things I believe:<br/>- Family is purpose <br/>- The State is anti-Christ<br/>- Bitcoin is essential <br/>- Taxation is robbery <br/>- Privacy is a human right<br/>- Beef is a superfood<br/>- Engineering leads to human flourishing <br/>- Protocols should be open and neutral <br/><br/>Check out my article on the immorality of capital gains taxes under an inflationary fiat currency. <blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/naddr1qvzqqqr4gupzpv027z560d6zflp3g0lxej6jaslu4xxe4a0zcz8qauppn37d9m0zqq8hg6r994ch26t9wskhg6r9ve6qjs2ehu" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">naddr1qv…2ehu</a></span><br/> </div> <p>My mother sold her house last year to move into assisted living. She and my dad bought it in 1974 for $50,000, a four-bedroom colonial in a quiet suburb, red brick, with a big yard and a dogwood tree out front. They raised three children in it. They paid it off. My dad has been gone for eleven years. When my mother could no longer live alone, the house sold for $510,000.</p> <p>The IRS claimed $54,000 from the sale.</p> <p>That number is where the immorality of our current system hit me. My parents were not speculators. They bought a place to live, lived in it for fifty years, and paid property taxes on it every single year. It became the place we all think of when we think of home. And at the moment of their greatest vulnerability, the State&#39;s position was that, somewhere in that sequence of events, a gain had occurred, and they were owed over fifty thousand dollars of it.</p> <p>What was gained?</p> <h2 id="phantom-gains-11">Phantom Gains</h2> <p>The house did not get bigger. It was not renovated into something grander. It shelters a family today in roughly the same way it sheltered a family in 1974. The same four bedrooms. The same dogwood tree. The utility of the thing itself did not change.</p> <p>So where did the $460,000 come from?</p> <p>It came from what happened to the dollar over those fifty years. The Federal Reserve&#39;s own inflation calculator will tell you that $50,000 in 1974 had the purchasing power of roughly $320,000 today. By less generous measures of consumer prices, the real number is far higher. The house, in real terms, appreciated only modestly, a few thousand dollars a year over five decades; what you would expect for decent housing when you strip out the impact of currency devaluation.</p> <p>This is the distinction the tax code refuses to make: the difference between nominal appreciation and real appreciation. Nominal appreciation means the number got bigger. Real appreciation means the thing represents more value in the real world - in terms of what it can buy or what it can do. When the dollar loses purchasing power, everything denominated in dollars carries a larger number. That is nominal appreciation. It is not wealth creation. It is the same wealth measured in smaller units.</p> <p>Consider the same scenario with a monetary unit that had held its value over fifty years. The house would have sold for $65,000 or $70,000 - the modest real gain of a well-maintained home in a decent neighborhood. There would be almost nothing to tax because the nominal gain and the real gain would both be the same small number.</p> <p>With an inflationary dollar, the number balloons to $510,000 because the unit used to measure it quietly collapsed. My mother held the same house, denominated in dramatically smaller units, not $510,000 in new wealth. The number got bigger because the ruler shrank. That is the entire story.</p> <p>And yet the tax bill was real.</p> <h2 id="the-mechanism-11">The Mechanism</h2> <p>The State has compulsory jurisdiction over its citizens, control over the currency those citizens must use, and a tax code that treats nominal appreciation as real gains. Together these three facts produce a self-funding extraction loop. The system extracts real wealth from people who simply tried to preserve what they had earned - people who never chose the currency they are compelled to use and who cannot opt out of the jurisdiction over which the State claims control. Despite the inescapability, hardly anyone objects because the same nominal appreciation that serves as the tax basis also creates the illusion of enrichment that keeps citizens from seeing they were taxed on a gain that never happened.</p> <p>The self-concealing quality of this arrangement is the most insidious feature. Nominal appreciation is both the mechanism of extraction and the anesthetic that makes the extraction hard to perceive. Because the number in the asset column is going up, the citizen feels wealthier and the State appears to take only a modest percentage of a gain. The underlying reality, that the gain is an artifact of the currency debasement inherent in all fiat regimes, is invisible without deliberate inflation-adjusted accounting that almost no one performs and the tax code forbids.</p> <p>And what this arrangement conceals is two separate acts of taking, not one.</p> <h2 id="two-takings-11">Two Takings</h2> <p>The first taking is the debasement itself. When the State inflates the currency, the purchasing power of each dollar falls. Every dollar saved is worth a little less. This is a transfer of real wealth from savers to whoever receives the newly created money first, typically governments and the financial institutions closest to the mechanism of creation. It happens continuously, in the background, and it punishes those who would save their wealth in the State&#39;s currency.</p> <p>People want to save money because the future is uncertain, because liquidity has real value, because saving is rational and necessary. But when holding the monetary unit guarantees a slow loss of purchasing power, everyone is conscripted into becoming an investor whether they want to be or not. The person who simply wanted to save is forced into a house, a stock portfolio, a piece of land, something, anything that might hold value against the dollar. The State&#39;s monetary policy left them no viable alternative. It disincentives exactly the behavior a healthy economy should reward: saving, deferring consumption, and building a foundation. And because millions of savers are forced to seek refuge in real assets, the prices of these assets rise beyond what utility alone would justify. A house that shelters a family becomes a savings vehicle, which commands a monetary premium. The people who simply need a place to live pay the price.</p> <p>The second taking is the capital gains tax levied on the nominal gains the first taking caused. The saver is forced out of the currency and into a real asset as a refuge. Then, without any real-world change in the asset, the nominal appreciation that debasement produced on that asset is taxed as though it were real gain. The State takes twice: once by destroying the savings instrument, and once by harvesting the asset the saver was forced to flee into. The State creates the problem. The saver finds a solution. The State taxes the solution.</p> <p>This is where the immorality of the system is laid bare: it taxes something that does not exist. A genuine gain in wealth means more real purchasing power than before. Inflation-driven nominal appreciation means no such thing. The number is larger. The wealth is not. The citizen pays a tax on a numeric sleight of hand, on phantom gains the shrinking dollar conjured into existence.</p> <p>My mother&#39;s estate became nominally larger and the IRS took $54,000 of it because of an accounting trick. We were compelled to surrender a significant portion of something we owned to a government that unapologetically creates the very conditions that made the number so large.</p> <p>A moral society should not grant the State the right to claim over 10% of the house we grew up in. It is the same house, the same four bedrooms, the same dogwood tree.</p> <h2 id="a-new-standard-11">A New Standard</h2> <p>Some people, seeing this mechanism clearly, have reached for a different kind of money.</p> <p>Bitcoin is a monetary asset with a fixed supply. There will never be more than 21 million. No institution can expand it. No government can debase it. It is a savings instrument whose supply cannot be manipulated by the entities that also control the tax code.</p> <p>When someone buys bitcoin and holds it, they are deferring consumption, storing value, and choosing a unit the State cannot quietly destroy. Bitcoin is structured to resist exactly the debasement that made dollar savings untenable in the first place.</p> <p>As a relatively new technology, Bitcoin has gone up from a few cents to tens of thousands of dollars in its first seventeen years. Much of that appreciation reflects adoption, a real gain in value as the network becomes more useful. But a meaningful share of the increase is simply the dollar losing value, the same phenomenon that turned a $50,000 house into a $510,000 house. And the direction is clear: as Bitcoin matures, as adoption spreads, as it functions more as a global monetary reserve, the adoption premium shrinks as a share of total price movement. Over time, any price movements measured in debasing fiat units will be entirely nominal.</p> <p>The moral case against taxing those gains strengthens every year. A monetary instrument held as savings should not generate a taxable event - holding money is not a transaction. Bitcoin&#39;s price is a mirror held up to fiat currency. It is the same phenomenon as my mother&#39;s house, expressed in a harder asset. And Bitcoin provides our best hope for an escape from the extraction loop.</p> <h2 id="the-way-ahead-11">The Way Ahead</h2> <p>The corruption lives in the structure: an inflationary fiat currency paired with a tax code that treats nominal appreciation as real gain. This structure extracts real wealth based on phantom gains, but remains politically sustainable because most people are placated by a rising number.</p> <p>My parents did not know any of this. They bought a house because they needed a place to live and because they trusted that what they paid for was what they would eventually own. They never considered that the currency they were forced to value things in was being quietly hollowed out the entire time. And they certainly never expected the State to present a bill on a home they had owned for fifty years that had barely changed.</p> <p>The $54,000 bill was a tax on fifty years of saving in something ultimately denominated in a currency the State was destroying. Most people pay it without knowing what it is. That is precisely how the structure is designed to work.</p> <p>Bitcoin does not merely offer a refuge from this system. It eliminates the mechanism entirely. A monetary asset with a permanently fixed supply cannot produce phantom nominal gains. There is no debasement to inflate the number. There is no growing denominator to mistake for wealth. <strong>Under a Bitcoin standard, the second taking transforms from unjust to impossible.</strong> The thing the tax code calls a gain is simply never conjured into existence.</p> <p>That world is not here yet. Instead of a Bitcoin standard, Bitcoin is still priced in the very unit it exposes as broken and still subject to the tax code it renders philosophically incoherent. But even now, holding Bitcoin is the most rational response available to someone who sees the mechanism clearly. It is a savings instrument no central bank can debase, held without permission from the institutions running the extraction loop, and a way to opt out of a fiat standard. Every other refuge remains denominated in the State&#39;s currency and subject to the State&#39;s accounting. Bitcoin is its own standard.</p> <p>My mother did not have this option. Thank God my children do.</p> </blockquote><br/>#introductions #bitcoin #nostr 2026-03-28T09:09:57Z