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@ 0e67f053:cb1d4b93
2025-04-24 19:42:00How to Be an Anti-Fascist: A Gentle Rebuttal to Billionaire Strongmen and Their Twitter Cosplays
By Carl Tuckerson
Good evening, radiant souls.
Tonight, I want to talk about something serious—but not in a shouty, vein-popping way. In a warm, clear-eyed, candle-lit kind of way. Let’s talk about fascism. And more importantly, how to stand firmly, nonviolently, and stylishly against it.
First, a definition. Fascism isn’t just people yelling on the internet or wearing weird hats. It’s a political disease—authoritarianism drenched in nationalism, allergic to diversity, and obsessed with power. It’s rigid. It’s cruel. It thrives on fear.
History, of course, gave us the ultimate case study: Adolf Hitler. A man who turned wounded ego and racist paranoia into a genocidal regime. Let’s be uncomfortably clear: fascism starts with rhetoric and ends in blood. It wears suits at first. Then it builds camps.
Which brings us to the now. To a peculiar blend of self-pitying billionaires and spray-tanned demagogues playing dictator on easy mode.
Let’s start with Elon Musk.
Here’s a man who once inspired us with rockets and electric cars—and now spends his time posting “anti-woke” memes like a Reddit troll who just discovered Ayn Rand. Elon claims to love “free speech,” unless that speech critiques him or his companies, in which case he’ll fire you, shadowban you, or awkwardly reply with a meme of Pepe the Frog.
You can’t be a free speech absolutist and also an insecure billionaire who throws tantrums when journalists ask questions. That’s not libertarianism. That’s narcissism with a Wi-Fi signal.
Then there’s Donald Trump.
The man who said he’d “drain the swamp” and instead held cocktail parties in it. Who said he loved “the people” but spent four years helping billionaires and banning brown kids. Who said he was “tough on crime” while pardoning white-collar felons and cozying up to actual Nazis at campaign rallies.
You don’t get to call yourself a patriot while trying to overthrow democracy. You don’t get to wrap yourself in the flag while selling fascist cosplay to a base too traumatized to see the grift. And no, calling your opponents “fascists” doesn’t make you less of one. That’s what projection looks like, not principle.
So… what does it actually mean to be anti-fascist?
It’s not just wearing black or smashing Starbucks windows (though I get the temptation). It means:
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Refusing to dehumanize. Even when it’s easier.
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Defending institutions of democracy while pushing them to do better.
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Confronting power with truth—especially when that power has a blue checkmark and a bunker.
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Building diverse communities where all people—not just rich white dudes with podcasts—have a voice.
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Educating yourself. Read. Listen. Learn from those who’ve lived through real authoritarianism. Hint: it wasn’t your uncle who got suspended from X.
And look, I get it. It's easy to feel hopeless. To doomscroll and despair. But the antidote to fascism isn’t more fear. It’s radical hope. It’s showing up. It's organizing mutual aid. It's hugging someone at a protest. It's running a book club. It’s standing in solidarity instead of standing by.
So if you’re wondering how to be anti-fascist?
Start by being anti-ego. Anti-greed. Anti-cruelty. Anti-lie. And yes, sometimes that means being anti-Musk. Anti-Trump. Anti-anyone who thinks oppression is a branding opportunity.
We’ve tried letting billionaires be our heroes. It didn’t work. Maybe it’s time to try being each other’s heroes instead.
Stay soft. Stay loud. Stay antifascist.
We’ll see you tomorrow.
— Radical Kindness Carl
originally posted at https://stacker.news/items/957123
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@ e691f4df:1099ad65
2025-04-24 18:56:12Viewing Bitcoin Through the Light of Awakening
Ankh & Ohm Capital’s Overview of the Psycho-Spiritual Nature of Bitcoin
Glossary:
I. Preface: The Logos of Our Logo
II. An Oracular Introduction
III. Alchemizing Greed
IV. Layers of Fractalized Thought
V. Permissionless Individuation
VI. Dispelling Paradox Through Resonance
VII. Ego Deflation
VIII. The Coin of Great Price
Preface: The Logos of Our Logo
Before we offer our lens on Bitcoin, it’s important to illuminate the meaning behind Ankh & Ohm’s name and symbol. These elements are not ornamental—they are foundational, expressing the cosmological principles that guide our work.
Our mission is to bridge the eternal with the practical. As a Bitcoin-focused family office and consulting firm, we understand capital not as an end, but as a tool—one that, when properly aligned, becomes a vehicle for divine order. We see Bitcoin not simply as a technological innovation but as an emanation of the Divine Logos—a harmonic expression of truth, transparency, and incorruptible structure. Both the beginning and the end, the Alpha and Omega.
The Ankh (☥), an ancient symbol of eternal life, is a key to the integration of opposites. It unites spirit and matter, force and form, continuity and change. It reminds us that capital, like Life, must not only be generative, but regenerative; sacred. Money must serve Life, not siphon from it.
The Ohm (Ω) holds a dual meaning. In physics, it denotes a unit of electrical resistance—the formative tension that gives energy coherence. In the Vedic tradition, Om (ॐ) is the primordial vibration—the sound from which all existence unfolds. Together, these symbols affirm a timeless truth: resistance and resonance are both sacred instruments of the Creator.
Ankh & Ohm, then, represents our striving for union, for harmony —between the flow of life and intentional structure, between incalculable abundance and measured restraint, between the lightbulb’s electrical impulse and its light-emitting filament. We stand at the threshold where intention becomes action, and where capital is not extracted, but cultivated in rhythm with the cosmos.
We exist to shepherd this transformation, as guides of this threshold —helping families, founders, and institutions align with a deeper order, where capital serves not as the prize, but as a pathway to collective Presence, Purpose, Peace and Prosperity.
An Oracular Introduction
Bitcoin is commonly understood as the first truly decentralized and secure form of digital money—a breakthrough in monetary sovereignty. But this view, while technically correct, is incomplete and spiritually shallow. Bitcoin is more than a tool for economic disruption. Bitcoin represents a mythic threshold: a symbol of the psycho-spiritual shift that many ancient traditions have long foretold.
For millennia, sages and seers have spoken of a coming Golden Age. In the Vedic Yuga cycles, in Plato’s Great Year, in the Eagle and Condor prophecies of the Americas—there exists a common thread: that humanity will emerge from darkness into a time of harmony, cooperation, and clarity. That the veil of illusion (maya, materiality) will thin, and reality will once again become transparent to the transcendent. In such an age, systems based on scarcity, deception, and centralization fall away. A new cosmology takes root—one grounded in balance, coherence, and sacred reciprocity.
But we must ask—how does such a shift happen? How do we cross from the age of scarcity, fear, and domination into one of coherence, abundance, and freedom?
One possible answer lies in the alchemy of incentive.
Bitcoin operates not just on the rules of computer science or Austrian economics, but on something far more old and subtle: the logic of transformation. It transmutes greed—a base instinct rooted in scarcity—into cooperation, transparency, and incorruptibility.
In this light, Bitcoin becomes more than code—it becomes a psychoactive protocol, one that rewires human behavior by aligning individual gain with collective integrity. It is not simply a new form of money. It is a new myth of value. A new operating system for human consciousness.
Bitcoin does not moralize. It harmonizes. It transforms the instinct for self-preservation into a pathway for planetary coherence.
Alchemizing Greed
At the heart of Bitcoin lies the ancient alchemical principle of transmutation: that which is base may be refined into gold.
Greed, long condemned as a vice, is not inherently evil. It is a distorted longing. A warped echo of the drive to preserve life. But in systems built on scarcity and deception, this longing calcifies into hoarding, corruption, and decay.
Bitcoin introduces a new game. A game with memory. A game that makes deception inefficient and truth profitable. It does not demand virtue—it encodes consequence. Its design does not suppress greed; it reprograms it.
In traditional models, game theory often illustrates the fragility of trust. The Prisoner’s Dilemma reveals how self-interest can sabotage collective well-being. But Bitcoin inverts this. It creates an environment where self-interest and integrity converge—where the most rational action is also the most truthful.
Its ledger, immutable and transparent, exposes manipulation for what it is: energetically wasteful and economically self-defeating. Dishonesty burns energy and yields nothing. The network punishes incoherence, not by decree, but by natural law.
This is the spiritual elegance of Bitcoin: it does not suppress greed—it transmutes it. It channels the drive for personal gain into the architecture of collective order. Miners compete not to dominate, but to validate. Nodes collaborate not through trust, but through mathematical proof.
This is not austerity. It is alchemy.
Greed, under Bitcoin, is refined. Tempered. Re-forged into a generative force—no longer parasitic, but harmonic.
Layers of Fractalized Thought Fragments
All living systems are layered. So is the cosmos. So is the human being. So is a musical scale.
At its foundation lies the timechain—the pulsing, incorruptible record of truth. Like the heart, it beats steadily. Every block, like a pulse, affirms its life through continuity. The difficulty adjustment—Bitcoin’s internal calibration—functions like heart rate variability, adapting to pressure while preserving coherence.
Above this base layer is the Lightning Network—a second layer facilitating rapid, efficient transactions. It is the nervous system: transmitting energy, reducing latency, enabling real-time interaction across a distributed whole.
Beyond that, emerging tools like Fedimint and Cashu function like the capillaries—bringing vitality to the extremities, to those underserved by legacy systems. They empower the unbanked, the overlooked, the forgotten. Privacy and dignity in the palms of those the old system refused to see.
And then there is NOSTR—the decentralized protocol for communication and creation. It is the throat chakra, the vocal cords of the “freedom-tech” body. It reclaims speech from the algorithmic overlords, making expression sovereign once more. It is also the reproductive system, as it enables the propagation of novel ideas and protocols in fertile, uncensorable soil.
Each layer plays its part. Not in hierarchy, but in harmony. In holarchy. Bitcoin and other open source protocols grow not through exogenous command, but through endogenous coherence. Like cells in an organism. Like a song.
Imagine the cell as a piece of glass from a shattered holographic plate —by which its perspectival, moving image can be restructured from the single shard. DNA isn’t only a logical script of base pairs, but an evolving progressive song. Its lyrics imbued with wise reflections on relationships. The nucleus sings, the cell responds—not by command, but by memory. Life is not imposed; it is expressed. A reflection of a hidden pattern.
Bitcoin chants this. Each node, a living cell, holds the full timechain—Truth distributed, incorruptible. Remove one, and the whole remains. This isn’t redundancy. It’s a revelation on the power of protection in Truth.
Consensus is communion. Verification becomes a sacred rite—Truth made audible through math.
Not just the signal; the song. A web of self-expression woven from Truth.
No center, yet every point alive with the whole. Like Indra’s Net, each reflects all. This is more than currency and information exchange. It is memory; a self-remembering Mind, unfolding through consensus and code. A Mind reflecting the Truth of reality at the speed of thought.
Heuristics are mental shortcuts—efficient, imperfect, alive. Like cells, they must adapt or decay. To become unbiased is to have self-balancing heuristics which carry feedback loops within them: they listen to the environment, mutate when needed, and survive by resonance with reality. Mutation is not error, but evolution. Its rules are simple, but their expression is dynamic.
What persists is not rigidity, but pattern.
To think clearly is not necessarily to be certain, but to dissolve doubt by listening, adjusting, and evolving thought itself.
To understand Bitcoin is simply to listen—patiently, clearly, as one would to a familiar rhythm returning.
Permissionless Individuation
Bitcoin is a path. One that no one can walk for you.
Said differently, it is not a passive act. It cannot be spoon-fed. Like a spiritual path, it demands initiation, effort, and the willingness to question inherited beliefs.
Because Bitcoin is permissionless, no one can be forced to adopt it. One must choose to engage it—compelled by need, interest, or intuition. Each person who embarks undergoes their own version of the hero’s journey.
Carl Jung called this process Individuation—the reconciliation of fragmented psychic elements into a coherent, mature Self. Bitcoin mirrors this: it invites individuals to confront the unconscious assumptions of the fiat paradigm, and to re-integrate their relationship to time, value, and agency.
In Western traditions—alchemy, Christianity, Kabbalah—the individual is sacred, and salvation is personal. In Eastern systems—Daoism, Buddhism, the Vedas—the self is ultimately dissolved into the cosmic whole. Bitcoin, in a paradoxical way, echoes both: it empowers the individual, while aligning them with a holistic, transcendent order.
To truly see Bitcoin is to allow something false to die. A belief. A habit. A self-concept.
In that death—a space opens for deeper connection with the Divine itSelf.
In that dissolution, something luminous is reborn.
After the passing, Truth becomes resurrected.
Dispelling Paradox Through Resonance
There is a subtle paradox encoded into the hero’s journey: each starts in solidarity, yet the awakening affects the collective.
No one can be forced into understanding Bitcoin. Like a spiritual truth, it must be seen. And yet, once seen, it becomes nearly impossible to unsee—and easier for others to glimpse. The pattern catches.
This phenomenon mirrors the concept of morphic resonance, as proposed and empirically tested by biologist Rupert Sheldrake. Once a critical mass of individuals begins to embody a new behavior or awareness, it becomes easier—instinctive—for others to follow suit. Like the proverbial hundredth monkey who begins to wash the fruit in the sea water, and suddenly, monkeys across islands begin doing the same—without ever meeting.
When enough individuals embody a pattern, it ripples outward. Not through propaganda, but through field effect and wave propagation. It becomes accessible, instinctive, familiar—even across great distance.
Bitcoin spreads in this way. Not through centralized broadcast, but through subtle resonance. Each new node, each individual who integrates the protocol into their life, strengthens the signal for others. The protocol doesn’t shout; it hums, oscillates and vibrates——persistently, coherently, patiently.
One awakens. Another follows. The current builds. What was fringe becomes familiar. What was radical becomes obvious.
This is the sacred geometry of spiritual awakening. One awakens, another follows, and soon the fluidic current is strong enough to carry the rest. One becomes two, two become many, and eventually the many become One again. This tessellation reverberates through the human aura, not as ideology, but as perceivable pattern recognition.
Bitcoin’s most powerful marketing tool is truth. Its most compelling evangelist is reality. Its most unstoppable force is resonance.
Therefore, Bitcoin is not just financial infrastructure—it is psychic scaffolding. It is part of the subtle architecture through which new patterns of coherence ripple across the collective field.
The training wheels from which humanity learns to embody Peace and Prosperity.
Ego Deflation
The process of awakening is not linear, and its beginning is rarely gentle—it usually begins with disruption, with ego inflation and destruction.
To individuate is to shape a center; to recognize peripherals and create boundaries—to say, “I am.” But without integration, the ego tilts—collapsing into void or inflating into noise. Fiat reflects this pathology: scarcity hoarded, abundance simulated. Stagnation becomes disguised as safety, and inflation masquerades as growth.
In other words, to become whole, the ego must first rise—claiming agency, autonomy, and identity. However, when left unbalanced, it inflates, or implodes. It forgets its context. It begins to consume rather than connect. And so the process must reverse: what inflates must deflate.
In the fiat paradigm, this inflation is literal. More is printed, and ethos is diluted. Savings decay. Meaning erodes. Value is abstracted. The economy becomes bloated with inaudible noise. And like the psyche that refuses to confront its own shadow, it begins to collapse under the weight of its own illusions.
But under Bitcoin, time is honored. Value is preserved. Energy is not abstracted but grounded.
Bitcoin is inherently deflationary—in both economic and spiritual senses. With a fixed supply, it reveals what is truly scarce. Not money, not status—but the finite number of heartbeats we each carry.
To see Bitcoin is to feel that limit in one’s soul. To hold Bitcoin is to feel Time’s weight again. To sense the importance of Bitcoin is to feel the value of preserved, potential energy. It is to confront the reality that what matters cannot be printed, inflated, or faked. In this way, Bitcoin gently confronts the ego—not through punishment, but through clarity.
Deflation, rightly understood, is not collapse—it is refinement. It strips away illusion, bloat, and excess. It restores the clarity of essence.
Spiritually, this is liberation.
The Coin of Great Price
There is an ancient parable told by a wise man:
“The kingdom of heaven is like a merchant seeking fine pearls, who, upon finding one of great price, sold all he had and bought it.”
Bitcoin is such a pearl.
But the ledger is more than a chest full of treasure. It is a key to the heart of things.
It is not just software—it is sacrament.
A symbol of what cannot be corrupted. A mirror of divine order etched into code. A map back to the sacred center.
It reflects what endures. It encodes what cannot be falsified. It remembers what we forgot: that Truth, when aligned with form, becomes Light once again.
Its design is not arbitrary. It speaks the language of life itself—
The elliptic orbits of the planets mirrored in its cryptography,
The logarithmic spiral of the nautilus shell discloses its adoption rate,
The interconnectivity of mycelium in soil reflect the network of nodes in cyberspace,
A webbed breadth of neurons across synaptic space fires with each new confirmed transaction.
It is geometry in devotion. Stillness in motion.
It is the Logos clothed in protocol.
What this key unlocks is beyond external riches. It is the eternal gold within us.
Clarity. Sovereignty. The unshakeable knowing that what is real cannot be taken. That what is sacred was never for sale.
Bitcoin is not the destination.
It is the Path.
And we—when we are willing to see it—are the Temple it leads back to.
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@ 2ed3596e:98b4cc78
2025-04-24 18:31:53Bitcoiners, your points just got a lot more epic! We’re thrilled to announce the launch of the Bitcoin Well Point Store, available now in Canada and the USA.
Now you can redeem your Bitcoin Well points for prizes that level up and celebrate your Bitcoin lifestyle.
What can you get in store?
Right now, you can exchange your points for:
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Simply Bitcoin hoodie: Rep your Bitcoin pride in style
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Exclusive Bitcoin Well Stampseed backup plate: Protect and manage your private keys securely
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Personalized LeatherMint wallet: Classy, sleek, and ready to hold your fiat (until you convert it to sats!)
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Tesla Cybertruck in Bitcoin orange: Wait…really? A Cybertruck? Who approved this?
More epic items will be available in the Bitcoin Well Point Store in the coming months. Stay tuned!
How to redeem your Bitcoin Well Points
Redeeming your points is easy:
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Log in and go the Bitcoin Well Points store within the Rewards Section
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Check your Bitcoin Well point balance
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Redeem Your Bitcoin Well points for the prize of your dreams
Once you’ve purchased an item from the Bitcoin Well Point Store, we’ll email you to figure out where you want us to ship your prize. Unless it's the Cybertruck, then you can come to our office and pick it up!
How can you earn more Bitcoin Well Points? ⚡
Here are all the ways you can earn Bitcoin Well points:
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Buy bitcoin/Sell bitcoin/pay bills - 3 Points per $10
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Recurring buy - 5 points per $10
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First transaction bonus - 500 points
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Refer a friend to Bitcoin Well - 500 points
The more you use Bitcoin Well, the more points you earn, rewarding you for investing in your freedom and self-sovereignty
Want sats, not stuff? No problem! 👇
You can keep earning sats by playing the Bitcoin (Wishing) Well! You can win up to 1,000,000 on your next coin toss. Now you have the exciting choice: do you play the Bitcoin (Wishing) Well or save up your Bitcoin Well points for a sweet prize?
What makes Bitcoin Well different
Bitcoin Well is on a mission to enable independence. We do this by making it easy to self custody bitcoin and embracing the latest bitcoin innovations. By custodying their own money, our customers are free to do as they wish without begging for permission. By creating a full ecosystem to buy, sell and use your bitcoin to connect with the modern financial world, you are able to have your cake and eat it too - or have your bitcoin in self custody and easily spend it too 🎂.
Create your Bitcoin Well account now →
Invest in Bitcoin Well
We are publicly traded (and love it when our customers become shareholders!) and hold ourselves to a high standard of enabling life on a Bitcoin standard. If you want to learn more about Bitcoin Well, please visit our website or reach out!
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@ 0e67f053:cb1d4b93
2025-04-24 16:44:31By Carl Tuckerson, Who Weeps During City Council Meetings
Democracy is not a system.
It is a living, breathing organism, pulsating with the ancestral heartbeat of every barefoot revolutionary who ever composted oppression into community gardens of change.
It is consent manifested, a tapestry woven by the trembling hands of the marginalized and the mildly inconvenienced alike. It is radical accountability on a biodegradable ballot.
Democracy is the collective inhale of a million voices saying, “Yes, I matter,” and the collective exhale of power releasing its grip—not because it was forced to, but because it finally understood its own trauma.
It is fluid, non-binary, and consensually participatory. A polyamorous relationship between people, policy, and purpose. No labels. Just vibes.
It is the sacred act of showing up—in person, in spirit, in ethically sourced linen—because you believe that your voice, no matter how tremulously intersectional, is a note in the symphony of collective liberation.
Democracy is not red or blue. It’s not even purple. It’s the entire spectrum of human expression, from burnt sienna to sunset glitter sparkle.
It is brunch and ballots. It is protest and poetry. It is tweeting while crying while registering your roommate to vote.
It is government of the people, by the people, and for the people, but especially for the people who’ve been gaslit by history.
And when democracy falters, we don’t abolish it—we give it a weighted blanket, whisper affirmations into its ear, and tell it to take the day off, because healing is not linear.
So what is democracy?
It’s not a noun.It’s not even a verb.It’s a sacred energy exchange—and if you listen closely, you can hear it humming in the compost bin behind your community center.
Namaste. Vote. And remember: ballots are spells cast in ink. Use yours wisely.
— Carl, “Decolonize the Vote” Tuckerson
originally posted at https://stacker.news/items/956879
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@ 40b9c85f:5e61b451
2025-04-24 15:27:02Introduction
Data Vending Machines (DVMs) have emerged as a crucial component of the Nostr ecosystem, offering specialized computational services to clients across the network. As defined in NIP-90, DVMs operate on an apparently simple principle: "data in, data out." They provide a marketplace for data processing where users request specific jobs (like text translation, content recommendation, or AI text generation)
While DVMs have gained significant traction, the current specification faces challenges that hinder widespread adoption and consistent implementation. This article explores some ideas on how we can apply the reflection pattern, a well established approach in RPC systems, to address these challenges and improve the DVM ecosystem's clarity, consistency, and usability.
The Current State of DVMs: Challenges and Limitations
The NIP-90 specification provides a broad framework for DVMs, but this flexibility has led to several issues:
1. Inconsistent Implementation
As noted by hzrd149 in "DVMs were a mistake" every DVM implementation tends to expect inputs in slightly different formats, even while ostensibly following the same specification. For example, a translation request DVM might expect an event ID in one particular format, while an LLM service could expect a "prompt" input that's not even specified in NIP-90.
2. Fragmented Specifications
The DVM specification reserves a range of event kinds (5000-6000), each meant for different types of computational jobs. While creating sub-specifications for each job type is being explored as a possible solution for clarity, in a decentralized and permissionless landscape like Nostr, relying solely on specification enforcement won't be effective for creating a healthy ecosystem. A more comprehensible approach is needed that works with, rather than against, the open nature of the protocol.
3. Ambiguous API Interfaces
There's no standardized way for clients to discover what parameters a specific DVM accepts, which are required versus optional, or what output format to expect. This creates uncertainty and forces developers to rely on documentation outside the protocol itself, if such documentation exists at all.
The Reflection Pattern: A Solution from RPC Systems
The reflection pattern in RPC systems offers a compelling solution to many of these challenges. At its core, reflection enables servers to provide metadata about their available services, methods, and data types at runtime, allowing clients to dynamically discover and interact with the server's API.
In established RPC frameworks like gRPC, reflection serves as a self-describing mechanism where services expose their interface definitions and requirements. In MCP reflection is used to expose the capabilities of the server, such as tools, resources, and prompts. Clients can learn about available capabilities without prior knowledge, and systems can adapt to changes without requiring rebuilds or redeployments. This standardized introspection creates a unified way to query service metadata, making tools like
grpcurl
possible without requiring precompiled stubs.How Reflection Could Transform the DVM Specification
By incorporating reflection principles into the DVM specification, we could create a more coherent and predictable ecosystem. DVMs already implement some sort of reflection through the use of 'nip90params', which allow clients to discover some parameters, constraints, and features of the DVMs, such as whether they accept encryption, nutzaps, etc. However, this approach could be expanded to provide more comprehensive self-description capabilities.
1. Defined Lifecycle Phases
Similar to the Model Context Protocol (MCP), DVMs could benefit from a clear lifecycle consisting of an initialization phase and an operation phase. During initialization, the client and DVM would negotiate capabilities and exchange metadata, with the DVM providing a JSON schema containing its input requirements. nip-89 (or other) announcements can be used to bootstrap the discovery and negotiation process by providing the input schema directly. Then, during the operation phase, the client would interact with the DVM according to the negotiated schema and parameters.
2. Schema-Based Interactions
Rather than relying on rigid specifications for each job type, DVMs could self-advertise their schemas. This would allow clients to understand which parameters are required versus optional, what type validation should occur for inputs, what output formats to expect, and what payment flows are supported. By internalizing the input schema of the DVMs they wish to consume, clients gain clarity on how to interact effectively.
3. Capability Negotiation
Capability negotiation would enable DVMs to advertise their supported features, such as encryption methods, payment options, or specialized functionalities. This would allow clients to adjust their interaction approach based on the specific capabilities of each DVM they encounter.
Implementation Approach
While building DVMCP, I realized that the RPC reflection pattern used there could be beneficial for constructing DVMs in general. Since DVMs already follow an RPC style for their operation, and reflection is a natural extension of this approach, it could significantly enhance and clarify the DVM specification.
A reflection enhanced DVM protocol could work as follows: 1. Discovery: Clients discover DVMs through existing NIP-89 application handlers, input schemas could also be advertised in nip-89 announcements, making the second step unnecessary. 2. Schema Request: Clients request the DVM's input schema for the specific job type they're interested in 3. Validation: Clients validate their request against the provided schema before submission 4. Operation: The job proceeds through the standard NIP-90 flow, but with clearer expectations on both sides
Parallels with Other Protocols
This approach has proven successful in other contexts. The Model Context Protocol (MCP) implements a similar lifecycle with capability negotiation during initialization, allowing any client to communicate with any server as long as they adhere to the base protocol. MCP and DVM protocols share fundamental similarities, both aim to expose and consume computational resources through a JSON-RPC-like interface, albeit with specific differences.
gRPC's reflection service similarly allows clients to discover service definitions at runtime, enabling generic tools to work with any gRPC service without prior knowledge. In the REST API world, OpenAPI/Swagger specifications document interfaces in a way that makes them discoverable and testable.
DVMs would benefit from adopting these patterns while maintaining the decentralized, permissionless nature of Nostr.
Conclusion
I am not attempting to rewrite the DVM specification; rather, explore some ideas that could help the ecosystem improve incrementally, reducing fragmentation and making the ecosystem more comprehensible. By allowing DVMs to self describe their interfaces, we could maintain the flexibility that makes Nostr powerful while providing the structure needed for interoperability.
For developers building DVM clients or libraries, this approach would simplify consumption by providing clear expectations about inputs and outputs. For DVM operators, it would establish a standard way to communicate their service's requirements without relying on external documentation.
I am currently developing DVMCP following these patterns. Of course, DVMs and MCP servers have different details; MCP includes capabilities such as tools, resources, and prompts on the server side, as well as 'roots' and 'sampling' on the client side, creating a bidirectional way to consume capabilities. In contrast, DVMs typically function similarly to MCP tools, where you call a DVM with an input and receive an output, with each job type representing a different categorization of the work performed.
Without further ado, I hope this article has provided some insight into the potential benefits of applying the reflection pattern to the DVM specification.
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@ 88cc134b:5ae99079
2025-04-24 17:38:04test
nostr:nevent1qvzqqqqqqypzpzxvzd935e04fm6g4nqa7dn9qc7nafzlqn4t3t6xgmjkr3dwnyreqqsr98r3ryhw0kdqv6s92c9tcxruc6g9hfjgunnl50gclyyjerv00csna38cs
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@ f1989a96:bcaaf2c1
2025-04-24 16:19:13Good morning, readers!
In Georgia, mere weeks after freezing the bank accounts of five NGOs supporting pro-democracy movements, the ruling Georgian Dream party passed a new law banning foreign organizations from providing grants to local groups without regime approval. The bill is part of a broader effort to silence dissent and weaken democracy through financial repression.\ \ In Latin America, opposition leader María Corina Machado seeks to rally citizens against Nicolás Maduro’s immensely repressive regime. With the economy and currency in shambles and dozens of military personnel abandoning Maduro, Machado sees an opportunity to challenge his grip on power.
In open source news, we spotlight the release of Bitcoin Core version 29.0, the latest update to the primary software that powers the Bitcoin network and helps millions of people send, receive, and verify Bitcoin transactions every day. This release improves the reliability and compatibility of Bitcoin’s main software implementation. We also cover the unique story of LuckyMiner, an unauthorized Bitaxe clone making waves in Asian markets as demand soars for small, low-cost, home mining equipment — evidence that people want to participate in the Bitcoin network themselves.
We close with the latest edition of the HRF x Pubkey Freedom Tech Series, in which Nicaraguan human rights defender Berta Valle joins HRF’s Arsh Molu to explore how authoritarian regimes weaponize financial systems to silence dissent and isolate opposition voices and how tools like Bitcoin can offer a way out. We also feature an interview with Salvadoran opposition leader Claudia Ortiz, who discusses the erosion of civil liberties under President Nayib Bukele and offers a nuanced take on Bitcoin in the country.
Now, let’s jump right in!
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GLOBAL NEWS
Georgia | Bans Foreign Donations for Nonprofits and NGOs
Mere weeks after freezing the bank accounts of five NGOs supporting pro-democracy demonstrators in recent unrest caused by elections, Georgia’s regime passed a new law that bans foreign organizations from providing “monetary or in-kind grants” to Georgian organizations and individuals without regime approval. Introduced by the increasingly repressive Georgian Dream party, the bill is part of a broader effort (including the controversial foreign agents law passed in 2024) designed to silence dissent and dismantle pro-democracy groups. Rights groups warn these laws will cripple civil society by cutting funding and imposing heavy fines for violators. Last week, parliament also read a bill that would grant officials the power to ban opposition parties entirely. With civil society financially repressed, Georgia is sliding further into tyranny, where free expression, political opposition, and grassroots organizations are under siege.
Venezuela | Opposition Mobilizes Against Maduro’s Financial Repression
Venezuelan opposition leader María Corina Machado is intensifying efforts against Nicolás Maduro’s brutal regime by targeting what she believes are his two greatest vulnerabilities: a collapsing economy and fractures in his repressive apparatus. As the Venezuelan bolivar unravels (reaching a record low in March) and inflation spirals out of control (expected to reach 220% before the end of the year), Maduro’s regime doubles down. It imposes currency controls, expropriates private property, and exerts complete state control over banks. Meanwhile, signs of discontent are growing inside the military, with dozens of personnel reportedly deserting. “I think we have a huge opportunity in front of us, and I see that much closer today than I did a month ago,” Machado said. To rebuild Venezuela’s future, Machado sees financial freedom as essential and has publicly embraced Bitcoin as a tool to resist the regime’s weaponization of money.
India | UPI Outage Disrupts Payments Nationwide
Digital transactions across India were disrupted mid-April as the Unified Payments Interface (UPI) experienced its third major outage in the last month. UPI is a government-run system that enables digital payments and underpins India’s push towards a cashless, centralized economy. Fintechs, banks, and institutions plug into UPI as a backbone of their digital infrastructure. Recently, India started integrating its central bank digital currency (CBDC), the digital rupee, into UPI, leveraging its existing network effect to expand the reach of state-issued digital money. When a single outage can freeze an entire nation’s ability to transact, it reveals the fragility of centralized infrastructure. By contrast, decentralized money like Bitcoin operates independently of state-run systems and with consistent uptime, giving users the freedom to transact and save permissionlessly.
China | Bitcoin for Me, Not for Thee
China is debating new regulations for handling its growing trove of Bitcoin and other digital assets seized during criminal investigations. While the regime debates how to manage its seized digital assets, the trading of Bitcoin and other digital assets remains banned for Chinese citizens on the mainland. Reports indicate that local governments have quietly sold confiscated Bitcoin and other digital assets through private companies to bolster their dwindling budgets. If true, this exposes the hypocrisy of a regime banning digital assets for its people while exploiting them as a strategic revenue source for the state. This contradiction accentuates the ways authoritarian regimes manipulate financial rules for their own benefit while punishing the public for using the same strategies.
Serbia | Vučić Targets Civil Society as Economy Sinks
As Serbia’s economy stalls and the cost of living remains stubbornly high, President Aleksandar Vučić is escalating his crackdown on civil society to deflect blame and tighten control. After a train station canopy collapse in Novi Sad killed 16 people last November, protests erupted. Serbians, led by students, flooded the streets to protest government corruption, declining civil liberties, and a worsening economy. The protests have since spread across 400 cities, reflecting nationwide discontent. In response, Vučić is now targeting civil society organizations under the pretext of financial misconduct. Law enforcement raided four NGOs that support Serbians’ human rights, the rule of law, and democratic elections.
Russia | Jails Four Journalists for Working With Navalny
A Russian court sentenced four independent Russian journalists to five and a half years in prison for working with the Anti-Corruption Foundation (ACF) — a pro-democracy organization founded by the late opposition leader Alexei Navalny. The journalists — Antonina Favorskaya, Konstantin Gabov, Sergei Karelin, and Artyom Kriger — were convicted in a closed-door trial for associating with an organization the Kremlin deems an “extremist.” The Committee to Protect Journalists condemned the verdict as a “blatant testimony to Russian authorities’ profound contempt for press freedom.” Since it launched a full-scale invasion of Ukraine in 2022, the Kremlin has increasingly criminalized dissent and financially repressed opposition, nonprofits, and ordinary citizens.
BITCOIN AND FREEDOM TECH NEWS
Flash | Introduces Flash Lightning Addresses, New UI, and Encrypted Messaging
Flash, a Bitcoin Lightning wallet and HRF grantee bringing freedom money to the Caribbean, released its version 0.4.0 beta. This release includes an updated user interface, dedicated Flash Lightning addresses (user @ flashapp.me), and encrypted messaging. The redesigned app is more user-friendly and better suited for users new to Bitcoin. Flash users now receive a verified Lightning address, making it easier to send and receive Bitcoin. The update also adds encrypted nostr messaging, enabling secure communication between users. As authoritarian regimes in the region, like Cuba, tighten control over money, Flash offers a practical and private solution for Bitcoin access.
DahLIAS | New Protocol to Lower the Cost of Private Bitcoin Transactions
Bitcoin developers recently announced DahLIAS, the first protocol designed to enable full cross-input signature aggregation (CISA). CISA is a proposed Bitcoin update that could make private Bitcoin transactions much cheaper. Right now, collaborative transactions are more expensive than typical transactions because each input in a transaction needs its own signature. CISA would allow those signatures to be combined, saving space and reducing fees. But this change would require a soft fork, a safe, backward-compatible software update to Bitcoin’s code. If adopted, CISA could remove the need for users to justify why they want privacy, as the answer would be, to save money. This is especially important for dissidents living under surveillant regimes. DahLIAS could be a breakthrough that helps make privacy more practical for everyone using Bitcoin.
Bitcoin Core | Version 29.0 Now Available for Node Runners
Bitcoin Core is the main software implementation that powers the Bitcoin network and helps millions of people send, receive, and verify transactions every day. The latest update, Bitcoin Core v29.0, introduces changes to improve network stability and performance. The release helps keep the network stable even when not everyone updates simultaneously. Further, it reduces the chances that nodes (computers that run the Bitcoin software) accidentally restart — an issue that can interrupt network participation. It also adds support for full Replace-by-Fee (RBF), allowing users to increase the fee on stuck transactions in times of high network demand. Enhancing Bitcoin’s reliability, usability, and security ensures that individuals in oppressive regimes or unstable financial systems can access a permissionless and censorship-resistant monetary network. Learn more about the update here.
Nstart | Releases Multilingual Support
Nstart, a new tool that simplifies onboarding to nostr — a decentralized and censorship-resistant social network protocol — released multilingual support. It added Spanish, Italian, French, Dutch, and Mandarin as languages. This update broadens access by making the onboarding experience available to a wider audience — especially those living under dictatorships across Africa, Latin America, and Asia, where communication and press freedom are heavily restricted. Users can even contribute translations themselves. Overall, multilingual support makes Nstart a more powerful tool for activists and organizations operating under authoritarian environments, offering guided, straightforward access to uncensorable communications.
Bitcoin Chiang Mai | Release Bitcoin Education Podcast
Bitcoin Chiang Mai, a grassroots Bitcoin community in Thailand, launched an educational podcast to teach Bitcoin in Thai. In a country where financial repression is on the rise and the regime is experimenting with a programmable central bank digital currency (CBDC), this podcast offers an educational lifeline. By making Bitcoin knowledge and tools more accessible, the show empowers Thais to explore alternatives to state-controlled financial systems. It’s a grassroots effort to preserve financial freedom and encourage open dialogue in an increasingly controlled economic environment. Check it out here.
LuckyMiner | Undisclosed Bitaxe Clone Gaining Popularity in Asia
LuckyMiner, a Bitcoin mining startup out of Shenzhen, China is shaking up Asia’s Bitcoin hardware scene with a rogue twist. What began as a hobby project in 2023 has since exploded into a full-scale operation, manufacturing and selling thousands of undisclosed Bitaxe clones (which are small, affordable bitcoin miners based on the Bitaxe design). While Bitaxe is open-source, it’s licensed under CERN-OHL-S-2.0, requiring any modifications to be made public. LuckyMiner ignored that rule and the founder has openly admitted to breaking the license. Despite that, LuckyMiner is succeeding anyway, fueled by growing demand for affordable home mining equipment. While controversial, the rise of low-cost miners signals grassroots interest in Bitcoin, especially at a time when Asia grapples with growing authoritarianism and financial repression.
RECOMMENDED CONTENT
HRF x Pubkey — Bitcoin as a Tool to Fight Financial Repression in Autocracies with Berta Valle
In the latest HRF x Pubkey Freedom Tech series, Nicaraguan human rights defender and journalist Berta Valle joins HRF’s Arsh Molu to discuss how Bitcoin empowers individuals to resist the financial repression of authoritarian regimes. From helping families receive remittances when bank accounts are frozen to enabling independent media and activists to fund their work without regime interference, Bitcoin is quietly reshaping what resistance can look like under tyranny. Watch the full fireside chat here.
Claudia Ortiz: A Voice of Opposition in Bukele’s El Salvador
In this interview, analyst and journalist Marius Farashi Tasooji speaks to Salvadoran opposition leader Claudia Ortiz about President Bukele’s consolidation of power, the erosion of civil liberties, and the future of Bitcoin in the country. While Ortiz acknowledges Bitcoin’s potential as a tool for freedom, she critiques the current administration’s opaque and heavy-handed implementation of it. Ortiz explains her opposition to the Bitcoin Law, citing concerns about transparency and accountability, and outlines what she would do differently if elected president. Watch the full conversation here.
If this article was forwarded to you and you enjoyed reading it, please consider subscribing to the Financial Freedom Report here.
Support the newsletter by donating bitcoin to HRF’s Financial Freedom program via BTCPay.\ Want to contribute to the newsletter? Submit tips, stories, news, and ideas by emailing us at ffreport @ hrf.org
The Bitcoin Development Fund (BDF) is accepting grant proposals on an ongoing basis. The Bitcoin Development Fund is looking to support Bitcoin developers, community builders, and educators. Submit proposals here.
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@ 57c631a3:07529a8e
2025-04-24 14:28:40Painting by Early Fern, shared by Marine Eyes
It is difficult to get the news from poems yet men die miserably every day for lack of what is found there.—William Carlos Williams
April, the month Eliot famously deemed the cruelest, is kindest to poetry. It’s when we nationally awaken to poetry’s efforts to capture the human experience in all its messy contradictions, leaning into uncertainty and wonder and bringing readers along for the ride.
Williams’s adage pairs beautifully with Ezra Pound’s assertion that “Poetry is news that stays news.” Poetry* gives readers the most immediate and urgent hotline to feeling. Big emotions turn us instinctively, like human sunflowers, toward poems, which are singularly compact vehicles for thinking and feeling. They have a knack for distilling our existential questions and putting all that wondering to music—after all, the term lyric poetry comes from the lyre,* which accompanied the recitation of poetry in antiquity.
On Substack, poets shed the constraints of traditional publishing timelines, sharing works in progress and experimenting in real time. What arises isn’t just a collection of newsletters but a living anthology of established voices and emerging talents in conversation with one another and their readers. If you’re still not convinced that poetry is for you (it is!), I created a primer of Poems for Those Who Don’t “Get” Poetry. But beyond that gateway, Substack presents countless paths to discover the poems that will speak directly to you—from translation projects that breathe new life into ancient verse to craft discussions that demystify the process. Allow me to introduce you to a few of my favorites.
Poetry in progress
Quiddity: a word I love. It means “the inherent nature or essence of someone or something.” The you-ness of you. That is what the best poets translate through their writing—formal or free verse, ruminative or praising, expansive or brief. It’s the way one listens to the singular voice channeled through them** and delivers that voice alive on the page.
This is the foundation for the widest category of poetry on Substack. No two posts are alike: you might get the intimacy of seeing work that could later make its way into books, hearing poets muse about their writing lives, or watching notes and fragments coalesce into longer lyric explorations.
is one of the best-known poets on Substack, offering devoted readers a mix of never-before-seen work and poems from past collections. And his commitment to Substack’s potential as a propagator of new writing is especially inspiring to emerging writers.
Being witness to commitment and experimentation, that magical balance between discipline and freedom to explore, is riveting. I so admire , translator and former Random House editor ’s long-standing project to chronicle daily life:
Text within this block will maintain its original spacing when published4.11.25
what I so desired I can’t have
thank you blessed stars
Andrea Gibson’s gorgeously smart features videos of the poet reciting their work and contemplating illness, resilience, and the role that poetry plays in capturing duress, heartbreak, and hope. Here they are reading their poem “What Love Is”:
I was thrilled to see former U.S. Poet Laureate Tracy K. Smith join Substack recently. She’s already sharing poems, works in progress, and essays. Hear her reading a new poem, “I Don’t Believe in Doom,” here:
Then there’s , an ambitious translation project by , a writer dedicated to bringing these ancient poems from the Tang Dynasty (618-907) to a contemporary audience. Hyun Woo translates one poem from the collection every week. Here’s one of my favorites, number 55:
The Farewell to Those Who Will Stay at a Tavern of JinlingThe wind blows the willow flowers, filling the inn with fragrance;The ladies of Wu press the liquor, calling to the guests to try.The young men of Jinling come and see each other off;Those who will go, those who will not, each empty his goblet.I invite you to ask the water flowing east, to test it:Which is short and which is long, the thoughts of farewell or itself?
Curators and craft
The poet-as-curator offers us an assortment of poems organized by their own idiosyncratic logic. It’s like receiving the perfect mixtape: songs you’ve known and loved for years, and others you’re grateful to discover for the first time. Chances are good that within any given roundup, at least one poem will speak to you, introducing you to a new voice.
’s is one of my go-tos. He has a phenomenal reader’s eye for juxtapositions that span ages, styles, and modes, creating unexpected—and delightful—tensions and correspondences. His thematic roundups extend far beyond expected subjects like love and death to more nuanced territories like therapy (“This is progress”) and mood (“Puff out the hot-air balloon now”). Through Sean, I was reminded to revisit one of my favorite Audre Lorde poems:
Shared in “This is progress” by Sean Singer
In my own newsletter, , I do something similar: curating Poems for Your Weekend around themes that serve as a prescription for your mind or soul, while exploring how neuroscience and mindset can help us live more sustainable and enriching artistic lives. Through it all, I write about the role of wonder in poetry, the subject of my PhD.
For subtle close readings of poems through the lens of life rather than the ivory tower, I turn to ’s , with its deeply thoughtful essays on the poems he selects each week. His recent post on the poems of Linda Pastan includes this gorgeous poem from Insomnia:
Imaginary ConversationText within this block will maintain its original spacing when publishedYou tell me to live each day as if it were my last. This is in the kitchen where before coffee I complain of the day ahead—that obstacle race of minutes and hours, grocery stores and doctors.
But why the last? I ask. Why not live each day as if it were the first— all raw astonishment, Eve rubbing her eyes awake that first morning, the sun coming up like an ingénue in the east?
You grind the coffee with the small roar of a mind trying to clear itself. I set the table, glance out the window where dew has baptized every living surface.
I love Devin’s remarks: “why the last is the kind of question I adore, a question that does not assume it knows what we are supposedly supposed to know, a question that mirthfully pushes back against the world, and wonders aloud about astonishment in the face of certainty.”
For those interested in craft, literary powerhouse recently joined Substack and is already offering excellent writing exercises, as helpful for readers hoping to understand poetry as for poets creating their own. His Exercise 036: Begin with the End introduced even this poetry veteran to a new term: anadiplosis! is a resource-rich space, featuring interviews, classes, craft essays, and more. A large group of poets and readers has gathered to take advantage, creating a vibrant community. And a special shoutout in this section to , a poet whose candid essays on navigating both the publishing and dating world as a woman are their own kind of education on living more bravely and authentically.
Final thoughts
Whether encountered in an anthology or a newsletter, poems remind us of what Williams knew: that vital truths exist within their lines that we can find nowhere else. And there’s a special joy in reading them on Substack, where poets find renewed pleasure in publishing on their own terms, and where readers can witness the process and join the discussion. The digital format extends poetry’s reach, bringing these voices to new audiences who might not normally encounter them. Here, poets and readers are participating in poetry’s oldest tradition: the passing of essential truths from one human heart to another. I hope you’ll join us. https://connect-test.layer3.press/articles/4e5d2cee-8bd4-4fb0-9331-48bbeded3a47
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@ e4950c93:1b99eccd
2025-04-24 12:07:49Heureu-x-se d’avoir trouvé une information utile sur ce site ?
Soutenez le projet en faisant un don pour le faire vivre et remercier les contribut-eur-rice-s.
En bitcoin
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Sur la blockchain : bc1qkm8me8l9563wvsl9sklzt4hdcuny3tlejznj7d
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Réseau lightning : ⚡️
origin-nature@coinos.io
Vous pouvez aussi nous soutenir de manière récurrente 👉 Créer un paiement Lightning récurrent
En euros, dollars, ou toute autre monnaie prise en charge
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Par virement, IBAN : FR76 2823 3000 0144 3759 8717 669
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Vous pouvez aussi nous soutenir de manière récurrente 👉 Faire une promesse sur LiberaPay
Contactez-nous si vous souhaitez faire un don avec toute autre cryptomonnaie.
💡 Un modèle de partage de la valeur
La moitié des dons est redistribuée aux contribut-eur-rice-s qui créent la valeur du site, pour expérimenter un modèle de partage de revenus sur Internet — un modèle qui respecte vos données et ne cherche pas à capter votre attention. L’autre moitié permet de couvrir les frais de fonctionnement du site.
Cet article est publié sur origine-nature.com 🌐 See this article in English
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@ 1f79058c:eb86e1cb
2025-04-24 11:34:19I'm currently using this bash script to publish long-form content from local Markdown files to Nostr relays.
It requires all of
yq
,jq
, andnak
to be installed.Usage
Create a signed Nostr event and print it to the console:
markdown_to_nostr.sh article-filename.md
Create a Nostr event and publish it to one or more relays:
markdown_to_nostr.sh article-filename.md ws://localhost:7777 wss://nostr.kosmos.org
Markdown format
You can specify your metadata as YAML in a Front Matter header. Here's an example file:
```md
title: "Good Morning" summary: "It's a beautiful day" image: https://example.com/i/beautiful-day.jpg date: 2025-04-24T15:00:00Z tags: gm, poetry published: false
In the blue sky just a few specks of gray
In the evening of a beautiful day
Though last night it rained and more rain on the way
And that more rain is needed 'twould be fair to say.— Francis Duggan ```
The metadata keys are mostly self-explanatory. Note:
- All keys except for
title
are optional date
, if present, will be set as thepublished_at
date.- If
published
is set totrue
, it will publish a kind 30023 event, otherwise a kind 30024 (draft) - The
d
tag (widely used as URL slug for the article) will be the filename without the.md
extension
- All keys except for
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@ 7d33ba57:1b82db35
2025-04-24 10:49:41Tucked away in the rolling hills of southern France’s Hérault department, Montpeyroux is a charming medieval village known for its peaceful atmosphere, beautiful stone houses, and excellent Languedoc wines. It’s the kind of place where time seems to slow down, making it perfect for a relaxed stop on a southern France road trip.
🏡 Why Visit Montpeyroux?
🪨 Authentic Medieval Character
- Wander narrow cobbled streets lined with honey-colored stone houses
- Visit the remains of a medieval castle and old tower that offer stunning views over vineyards and hills
- A tranquil place that feels untouched by time
🍷 Wine Culture
- Surrounded by prestigious vineyards producing Coteaux du Languedoc wines
- Stop by local caves (wineries) to taste bold reds and crisp whites—many with stunning views over the valley
- Don’t miss the annual wine festivals and open cellars
🌄 Scenic Location
- Located near the Gorges de l’Hérault, perfect for hiking, swimming, or kayaking
- Just a short drive from Saint-Guilhem-le-Désert, one of France’s most beautiful villages
- Great base for exploring the natural beauty of Occitanie
🍽️ Where to Eat
- Enjoy local cuisine at cozy bistros—think grilled lamb, duck confit, olives, and regional cheeses
- Many places serve seasonal dishes paired with local wines
🚗 Getting There
- Around 45 minutes by car from Montpellier
- Best explored by car as public transport is limited, but the countryside drive is worth it
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@ 8cda1daa:e9e5bdd8
2025-04-24 10:20:13Bitcoin cracked the code for money. Now it's time to rebuild everything else.
What about identity, trust, and collaboration? What about the systems that define how we live, create, and connect?
Bitcoin gave us a blueprint to separate money from the state. But the state still owns most of your digital life. It's time for something more radical.
Welcome to the Atomic Economy - not just a technology stack, but a civil engineering project for the digital age. A complete re-architecture of society, from the individual outward.
The Problem: We Live in Digital Captivity
Let's be blunt: the modern internet is hostile to human freedom.
You don't own your identity. You don't control your data. You don't decide what you see.
Big Tech and state institutions dominate your digital life with one goal: control.
- Poisoned algorithms dictate your emotions and behavior.
- Censorship hides truth and silences dissent.
- Walled gardens lock you into systems you can't escape.
- Extractive platforms monetize your attention and creativity - without your consent.
This isn't innovation. It's digital colonization.
A Vision for Sovereign Society
The Atomic Economy proposes a new design for society - one where: - Individuals own their identity, data, and value. - Trust is contextual, not imposed. - Communities are voluntary, not manufactured by feeds. - Markets are free, not fenced. - Collaboration is peer-to-peer, not platform-mediated.
It's not a political revolution. It's a technological and social reset based on first principles: self-sovereignty, mutualism, and credible exit.
So, What Is the Atomic Economy?
The Atomic Economy is a decentralized digital society where people - not platforms - coordinate identity, trust, and value.
It's built on open protocols, real software, and the ethos of Bitcoin. It's not about abstraction - it's about architecture.
Core Principles: - Self-Sovereignty: Your keys. Your data. Your rules. - Mutual Consensus: Interactions are voluntary and trust-based. - Credible Exit: Leave any system, with your data and identity intact. - Programmable Trust: Trust is explicit, contextual, and revocable. - Circular Economies: Value flows directly between individuals - no middlemen.
The Tech Stack Behind the Vision
The Atomic Economy isn't just theory. It's a layered system with real tools:
1. Payments & Settlement
- Bitcoin & Lightning: The foundation - sound, censorship-resistant money.
- Paykit: Modular payments and settlement flows.
- Atomicity: A peer-to-peer mutual credit protocol for programmable trust and IOUs.
2. Discovery & Matching
- Pubky Core: Decentralized identity and discovery using PKARR and the DHT.
- Pubky Nexus: Indexing for a user-controlled internet.
- Semantic Social Graph: Discovery through social tagging - you are the algorithm.
3. Application Layer
- Bitkit: A self-custodial Bitcoin and Lightning wallet.
- Pubky App: Tag, publish, trade, and interact - on your terms.
- Blocktank: Liquidity services for Lightning and circular economies.
- Pubky Ring: Key-based access control and identity syncing.
These tools don't just integrate - they stack. You build trust, exchange value, and form communities with no centralized gatekeepers.
The Human Impact
This isn't about software. It's about freedom.
- Empowered Individuals: Control your own narrative, value, and destiny.
- Voluntary Communities: Build trust on shared values, not enforced norms.
- Economic Freedom: Trade without permission, borders, or middlemen.
- Creative Renaissance: Innovation and art flourish in open, censorship-resistant systems.
The Atomic Economy doesn't just fix the web. It frees the web.
Why Bitcoiners Should Care
If you believe in Bitcoin, you already believe in the Atomic Economy - you just haven't seen the full map yet.
- It extends Bitcoin's principles beyond money: into identity, trust, coordination.
- It defends freedom where Bitcoin leaves off: in content, community, and commerce.
- It offers a credible exit from every centralized system you still rely on.
- It's how we win - not just economically, but culturally and socially.
This isn't "web3." This isn't another layer of grift. It's the Bitcoin future - fully realized.
Join the Atomic Revolution
- If you're a builder: fork the code, remix the ideas, expand the protocols.
- If you're a user: adopt Bitkit, use Pubky, exit the digital plantation.
- If you're an advocate: share the vision. Help people imagine a free society again.
Bitcoin promised a revolution. The Atomic Economy delivers it.
Let's reclaim society, one key at a time.
Learn more and build with us at Synonym.to.
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@ 10f7c7f7:f5683da9
2025-04-24 10:07:09The first time I received a paycheque from a full-time job, after being told in the interview I would be earning one amount, the amount I received was around 25% less; you’re not in Kansas anymore, welcome to the real work and TAX. Over the years, I’ve continued to pay my taxes, as a good little citizen, and at certain points along the way, I have paid considerable amounts of tax, because I wouldn’t want to break the law by not paying my taxes. Tax is necessary for a civilised society, they say. I’m told, who will pay, at least in the UK, for the NHS, who will pay for the roads, who will pay for the courts, the military, the police, if I don’t pay my taxes? But let’s be honest, apart from those who pay very little to no tax, who, in a society actually gets good value for money out of the taxes they pay, or hears of a government institution that operates efficiently and effectively? Alternatively, imagine if the government didn’t have control of a large military budget, would they be quite so keen to deploy the young of our country into harm’s way, in the name of national security or having streets in Ukraine named after them for their generous donations of munition paid with someone else’s money?
While I’m only half-way through the excellent “Fiat Standard”, I’m well aware that many of these issues have been driven by the ability of those in charge to not only enforce and increase taxation at will, but also, if ends don’t quite meet, print the difference, however, these are rather abstract and high-level ideas for my small engineer’s brain. What has really brought this into sharp focus for me is the impending sale of my first house, that at the age of 25, I was duly provided a 40-year mortgage and was required to sign a form acknowledging that I would still be paying the mortgage after my retirement age. Fortunately for me, thanks to the government now changing the national age of retirement from 65 to 70 (so stealing 5 years of my retirement), in practice this form didn’t need to be signed, lucky me? Even so, what type of person would knowingly put another person in a situation where near 40% of their wage would mainly be paying interest to the bank (which as a side note was bailed out only a few years later). The unpleasant taste really became unbearable when even after being put into this “working life” sentence of debt repayment, was, even with the amount I’d spent on the house (debt interest and maintenance) over the subsequent 19 years, only able to provide a rate of return of less than 1.6%, compared to the average official (bullshit) inflation figure of 2.77%. My house has not kept up with inflation and to add insult to financial injury, His Majesty’s Revenue and Customs feel the need to take their portion of this “profit”.
At which point, I take a very deep breath, sit quietly for a moment, and channel my inner Margot, deciding against grabbing a bottle of bootleg antiseptic to both clear my pallet and dull the pain. I had been convinced I needed to get on the housing ladder to save, but the government has since printed billions, with the rate of, even the conservative estimates of inflation, out pacing my meagre returns on property, and after all that blood, sweet, tears and dust, covering my poor dog, “the law” states some of that money is theirs. I wasn’t able to save in the money that they could print at will, I worked very hard, I took risks and the reward I get is to give them even more money to fritter away of things that won’t benefit me. But, I don’t want your sympathy, I don’t need it, but it helped me to get a new perspective on capital gains, particularly when considered in relation to bitcoin. So, to again draw from Ms. Paez, who herself was drawing from everyone’s favourite Joker, Heath Ledger, not Rachel Reeves (or J. Powell), here we go.
The Sovereign Individual is by no means an easy read, but is absolutely fascinating, providing clear critiques of the system that at the time was only in its infancy, but predicting many aspects of today’s world, with shocking accuracy. One of the most striking parts for me was the critique and effect of taxation (specifically progressive forms) on the prosperity of a nation at large. At an individual level, people have a proportion of their income removed, to be spent by the government, out of the individuals’ control. The person who has applied their efforts, abilities and skills to earn a living is unable to decide how best to utilise a portion of the resources into the future. While this is an accepted reality, the authors’ outline the cumulative, compound impact of forfeiting such a large portion of your wage each year, leading to figures that are near unimaginable to anyone without a penchant for spreadsheets or an understanding of exponential growth. Now, if we put this into the context of the entrepreneur, identifying opportunities, taking on personal and business risk, whenever a profit is realised, whether through normal sales or when realising value from capital appreciation, they must pay a portion of this in tax. While there are opportunities to reinvest this back into the organisation, there may be no immediate investment opportunities for them to offset their current tax bill. As a result, the entrepreneurs are hampered from taking the fruits of their labour and compounding the results of their productivity, forced to fund the social programmes of a government pursuing aims that are misaligned with individuals running their own business. Resources are removed from the most productive individuals in the society, adding value, employing staff, to those who may have limited knowledge of the economic realities of business; see Oxbridge Scholars, with experience in NGOs or charities, for more details please see Labour’s current front bench. What was that Labour? Ah yes, let’s promote growth by taxing companies more and making it more difficult to get rid of unproductive staff, exactly the policies every small business owner has been asking for (Budget October 2024).
Now, for anyone on NOSTR, none of this is new, a large portion of Nostriches were orange pilled long before taking their first purple pill of decentralise Notes and Other Stuff. However, if we’re aware of this system that has been put in place to steal our earnings and confiscate our winnings if we have been able to outwit the Keynesian trap western governments have chosen to give themselves more power, how can we progress? What options do we have? a) being locked up for non-payment of taxes by just spending bitcoin, to hell with paying taxes or b) spend/sell (:/), but keeping a record of those particular coins you bought multiple years ago, in order to calculate your gain and hand over YOUR money the follow tax year, so effectively increasing the cost of anything purchased in bitcoin. Please note, I’m making a conscious effort not to say what should be done, everyone needs to make decisions based on their knowledge and their understanding.
Anyway, option a) is not as flippant as one might think, but also not something one should (damn it) do carelessly. One bitcoin equals one bitcoin, bitcoin is money, as a result, it neither increases nor decreases is value, it is fiat currencies that varies wildly in comparison. If we think about gold, the purchasing power of gold has remained relatively consistent over hundreds of years, gold is viewed as money, which (as a side note) results in Royal Mint gold coins being both exempt of VAT and capital gains tax. While I may consider this from a, while not necessarily biased, but definitely pro-bitcoin perspective, I believe that it is extremely logical for transactions that take place in bitcoin should not require “profits” or “losses” to be reports, but this is where my logic and the treasury’s grabbiness are inconsistent. If what you’re buying is priced in bitcoin, you’re trading goods or services for money, there was no realisation of gains. Having said that, if you choose to do this, best not do any spending from a stack with a connection to an exchange and your identify. When tax collectors (and their government masters) end up not having enough money, they may begin exploring whether those people buying bitcoin from exchanges are also spending it.
But why is this relevant or important? For me and from hearing from many people on podcasts, while not impossible and not actually that difficult, recording gains on each transaction is firstly a barrier for spending bitcoin, it is additional effort, admin and not insignificant cost, and no one likes that. Secondly, from my libertarian leaning perspective, tax is basically the seizure of assets under the threat of incarceration (aka theft), with the government spending that money on crap I don’t give a shit about, meaning I don’t want to help fund their operation more than I already do. The worry is, if I pay more taxes, they think they’re getting good at collecting taxes, they increase taxes, use taxes to employ more tax collectors, rinse and repeat. From this perspective, it is almost my duty not to report when I transact in bitcoin, viewing it as plain and simple, black-market money, where the government neither dictates what I can do with it, nor profit from its appreciation.
The result of this is not the common mantra of never sell your bitcoin, because I, for one, am looking forward to ditching the fiat grind and having more free time driving an interesting 90’s sports car or riding a new mountain bike, which I will need money to be fund. Unless I’m going to take a fair bit of tax evasion-based risk, find some guys who will only accept my KYC free bitcoin and then live off the grid, I’ll need to find another way, which unfortunately may require engaging once more with the fiat system. However, this time, rather than selling bitcoin to buy fiat, looking for financial product providers who offer loans against bitcoin held. This is nothing new, having been a contributing factors to the FTX blow up, and the drawdown of 2022, the logic of such products is solid and the secret catalyst to Mark Moss’s (and others) buy, borrow, die strategy. The difference this time is to earn from our mistakes, to choose the right company and maybe hand over our private keys (multisig is a beautiful thing). The key benefit of this is that by taking a loan, you’re not realising capital gains, so do not create a taxable event. While there is likely to be an interest on any loan, this only makes sense if this is considerably less than either the capital gains rate incurred if you sold the bitcoin or the long-term capital appreciation of the bitcoin you didn’t have to sell, it has to be an option worth considering.
Now, this is interacting with the fiat system, it does involve the effective printing of money and depending on the person providing the loan, there is risk, however, there are definitely some positives, even outside the not inconsiderable, “tax free” nature of this money. Firstly, by borrowing fiat money, you are increasing the money supply, while devaluing all other holders of that currency, which effectively works against fiat governments, causing them to forever print harder to stop themselves going into a deflationary nose drive. The second important aspect is that if you have not had to sell your bitcoin, you have removed sell pressure from the market and buying pressure that would strengthen the fiat currency, so further supporting the stack you have not had to sell.
Now, let’s put this in the context of The Sovereign Individual or the entrepreneurial bitcoiner, who took a risk before fully understanding what they were buying and has now benefiting financially. The barrier of tax-based admin or the reticence to support government operations through paying additional tax are not insignificant, which the loan has allowed you to effectively side step, keeping more value of your holdings to allocate as you see fit. While this may involve the setting up of a new business that itself may drive productive growth, even if all you did was spend that money (such as a sport car or a new bike), this could still be a net, economic positive compared to a large portion of that money being sucked into the government spending black hole. While the government would not be receiving that tax revenue, every retailer, manufacturer or service provider would benefit from this additional business. Rather than the tax money going toward interest costs or civil servant wages, the money would go towards the real businesses you have chosen, their staff’s wages, who are working hard to outcompete their peers. Making this choice to not pay capital gains does not just allow bitcoiner to save money and to a small degree, reduce government funding, but also provides a cash injection to those companies who may still be reeling from minimum wage AND national insurance increases.
I’m not an ethicist, so am unable to provide a clear, concise, philosophical argument to explain why the ability of government to steal from you via the processes of monetary inflation as well as an ever-increasing tax burden in immoral, but I hope this provides a new perspective on the situation. I don’t believe increases in taxes support economic development (it literally does the opposite), I don’t believe that individuals should be penalised for working hard, challenging themselves, taking risks and succeeding. However, I’m not in charge of the system and also appreciate that if any major changes were to take place, the consequences would be significant (we’re talking Mandibles time). I believe removing capital gains tax from bitcoin would be a net positive for the economy and there being precedence based on the UK’s currently position with gold coins, but unfortunately, I don’t believe people in the cabinet think as I do, they see people with assets and pound signs ring up at their eyes.
As a result, my aim moving forward will be to think carefully before making purchases or sales that will incur capital gains tax (no big Lambo purchase for me at the top), but also being willing the promote the bitcoin economy by purchasing products and services with bitcoin. To do this, I’ll double confirm that spend/replace techniques actually get around capital gains by effectively using the payment rails of bitcoin to transfer value rather than to sell your bitcoin. This way, I will get to reward and promote those companies to perform at a level that warrants a little more effort with payment, without it costing me an additional 18-24% in tax later on.
So, to return to where we started and my first pay-cheque. We need to work to earn a living, but as we earn more, an ever-greater proportion is taken from us, and we are at risk of becoming stuck in a never ending fiat cycle. In the past, this was more of an issue, leading people into speculating on property or securities, which, if successful, would then incur further taxes, which will likely be spent by governments on liabilities or projects that add zero net benefits to national citizens. Apologies if you see this as a negative, but please don’t, this is the alternative to adopting a unit of account that cannot be inflated away. If you have begun to measure your wealth in bitcoin, there will be a point where you need to start to start spending. I for one, do not intend to die with my private keys in my head, but having lived a life, turbo charged by the freedom bitcoin has offered me. Bitcoin backed loans are returning to the market, with hopefully a little less risk this time around. There may be blow ups, but once they get established and interest costs start to be competed away, I will first of all acknowledge remaining risks and then not allocate 100% of my stack. Rather than being the one true bitcoiner who has never spent a sat, I will use the tools at my disposal to firstly give my family their best possible lives and secondly, not fund the government more than I need to.
Then, by the time I’m ready to leave this earth, there will be less money for me to leave to my family, but then again, the tax man would again come knocking, looking to gloat over my demise and add to my family’s misery with an outstretched hand. Then again, this piece is about capital gains rather than inheritance tax, so we can leave those discussions for another time.
This is not financial advice, please consult a financial/tax advisor before spending and replacing without filing taxes and don’t send your bitcoin to any old fella who says they’ll return it once you’ve paThe first time I received a paycheque from a full-time job, after being told in the interview I would be earning one amount, the amount I received was around 25% less; you’re not in Kansas anymore, welcome to the real work and TAX. Over the years, I’ve continued to pay my taxes, as a good little citizen, and at certain points along the way, I have paid considerable amounts of tax, because I wouldn’t want to break the law by not paying my taxes. Tax is necessary for a civilised society, they say. I’m told, who will pay, at least in the UK, for the NHS, who will pay for the roads, who will pay for the courts, the military, the police, if I don’t pay my taxes? But let’s be honest, apart from those who pay very little to no tax, who, in a society actually gets good value for money out of the taxes they pay, or hears of a government institution that operates efficiently and effectively? Alternatively, imagine if the government didn’t have control of a large military budget, would they be quite so keen to deploy the young of our country into harm’s way, in the name of national security or having streets in Ukraine named after them for their generous donations of munition paid with someone else’s money? While I’m only half-way through the excellent “Fiat Standard”, I’m well aware that many of these issues have been driven by the ability of those in charge to not only enforce and increase taxation at will, but also, if ends don’t quite meet, print the difference, however, these are rather abstract and high-level ideas for my small engineer’s brain. What has really brought this into sharp focus for me is the impending sale of my first house, that at the age of 25, I was duly provided a 40-year mortgage and was required to sign a form acknowledging that I would still be paying the mortgage after my retirement age. Fortunately for me, thanks to the government now changing the national age of retirement from 65 to 70 (so stealing 5 years of my retirement), in practice this form didn’t need to be signed, lucky me? Even so, what type of person would knowingly put another person in a situation where near 40% of their wage would mainly be paying interest to the bank (which as a side note was bailed out only a few years later). The unpleasant taste really became unbearable when even after being put into this “working life” sentence of debt repayment, was, even with the amount I’d spent on the house (debt interest and maintenance) over the subsequent 19 years, only able to provide a rate of return of less than 1.6%, compared to the average official (bullshit) inflation figure of 2.77%. My house has not kept up with inflation and to add insult to financial injury, His Majesty’s Revenue and Customs feel the need to take their portion of this “profit”.
At which point, I take a very deep breath, sit quietly for a moment, and channel my inner Margot, deciding against grabbing a bottle of bootleg antiseptic to both clear my pallet and dull the pain. I had been convinced I needed to get on the housing ladder to save, but the government has since printed billions, with the rate of, even the conservative estimates of inflation, out pacing my meagre returns on property, and after all that blood, sweet, tears and dust, covering my poor dog, “the law” states some of that money is theirs. I wasn’t able to save in the money that they could print at will, I worked very hard, I took risks and the reward I get is to give them even more money to fritter away of things that won’t benefit me. But, I don’t want your sympathy, I don’t need it, but it helped me to get a new perspective on capital gains, particularly when considered in relation to bitcoin. So, to again draw from Ms. Paez, who herself was drawing from everyone’s favourite Joker, Heath Ledger, not Rachel Reeves (or J. Powell), here we go.
The Sovereign Individual is by no means an easy reaD, but is absolutely fascinating, providing clear critiques of the system that at the time was only in its infancy, but predicting many aspects of today’s world, with shocking accuracy. One of the most striking parts for me was the critique and effect of taxation (specifically progressive forms) on the prosperity of a nation at large. At an individual level, people have a proportion of their income removed, to be spent by the government, out of the individuals’ control. The person who has applied their efforts, abilities and skills to earn a living is unable to decide how best to utilise a portion of the resources into the future. While this is an accepted reality, the authors’ outline the cumulative, compound impact of forfeiting such a large portion of your wage each year, leading to figures that are near unimaginable to anyone without a penchant for spreadsheets or an understanding of exponential growth. Now, if we put this into the context of the entrepreneur, identifying opportunities, taking on personal and business risk, whenever a profit is realised, whether through normal sales or when realising value from capital appreciation, they must pay a portion of this in tax. While there are opportunities to reinvest this back into the organisation, there may be no immediate investment opportunities for them to offset their current tax bill. As a result, the entrepreneurs are hampered from taking the fruits of their labour and compounding the results of their productivity, forced to fund the social programmes of a government pursuing aims that are misaligned with individuals running their own business. Resources are removed from the most productive individuals in the society, adding value, employing staff, to those who may have limited knowledge of the economic realities of business; see Oxbridge Scholars, with experience in NGOs or charities, for more details please see Labour’s current front bench. What was that Labour? Ah yes, let’s promote growth by taxing companies more and making it more difficult to get rid of unproductive staff, exactly the policies every small business owner has been asking for (Budget October 2024).
Now, for anyone on NOSTR, none of this is new, a large portion of Nostriches were orange pilled long before taking their first purple pill of decentralise Notes and Other Stuff. However, if we’re aware of this system that has been put in place to steal our earnings and confiscate our winnings if we have been able to outwit the Keynesian trap western governments have chosen to give themselves more power, how can we progress? What options do we have? a) being locked up for non-payment of taxes by just spending bitcoin, to hell with paying taxes or b) spend/sell (:/), but keeping a record of those particular coins you bought multiple years ago, in order to calculate your gain and hand over YOUR money the follow tax year, so effectively increasing the cost of anything purchased in bitcoin. Please note, I’m making a conscious effort not to say what should be done, everyone needs to make decisions based on their knowledge and their understanding.
Anyway, option a) is not as flippant as one might think, but also not something one should (damn it) do carelessly. One bitcoin equals one bitcoin, bitcoin is money, as a result, it neither increases nor decreases is value, it is fiat currencies that varies wildly in comparison. If we think about gold, the purchasing power of gold has remained relatively consistent over hundreds of years, gold is viewed as money, which (as a side note) results in Royal Mint gold coins being both exempt of VAT and capital gains tax. While I may consider this from a, while not necessarily biased, but definitely pro-bitcoin perspective, I believe that it is extremely logical for transactions that take place in bitcoin should not require “profits” or “losses” to be reports, but this is where my logic and the treasury’s grabbiness are inconsistent. If what you’re buying is priced in bitcoin, you’re trading goods or services for money, there was no realisation of gains. Having said that, if you choose to do this, best not do any spending from a stack with a connection to an exchange and your identify. When tax collectors (and their government masters) end up not having enough money, they may begin exploring whether those people buying bitcoin form exchanges are also spending it.
But why is this relevant or important? For me and from hearing from many people on podcasts, while not impossible and not actually that difficult, recording gains on each transaction is firstly a barrier for spending bitcoin, it is additional effort, admin and not insignificant cost, and no one likes that. Secondly, from my libertarian leaning perspective, tax is basically the seizure of assets under the threat of incarceration (aka theft), with the government spending that money on crap I don’t give a shit about, meaning I don’t want to help fund their operation more than I already do. The worry is, if I pay more taxes, they think they’re getting good at collecting taxes, they increase taxes, use taxes to employ more tax collectors, rinse and repeat. From this perspective, it is almost my duty not to report when I transact in bitcoin, viewing it as plain and simple, black-market money, where the government neither dictates what I can do with it, nor profit from its appreciation.
The result of this is not the common mantra of never sell your bitcoin, because I, for one, am looking forward to ditching the fiat grind and having more free time driving an interesting 90’s sports car or riding a new mountain bike, which I will need money to be fund. Unless I’m going to take a fair bit of tax evasion-based risk, find some guys who will only accept my KYC free bitcoin and then live off the grid, I’ll need to find another way, which unfortunately may require engaging once more with the fiat system. However, this time, rather than selling bitcoin to buy fiat, looking for financial product providers who offer loans against bitcoin held. This is nothing new, having been a contributing factors to the FTX blow up, and the drawdown of 2022, the logic of such products is solid and the secret catalyst to Mark Moss’s (and others) buy, borrow, die strategy. The difference this time is to earn from our mistakes, to choose the right company and maybe hand over our private keys (multisig is a beautiful thing). The key benefit of this is that by taking a loan, you’re not realising capital gains, so do not create a taxable event. While there is likely to be an interest on any loan, this only makes sense if this is considerably less than either the capital gains rate incurred if you sold the bitcoin or the long-term capital appreciation of the bitcoin you didn’t have to sell, it has to be an option worth considering.
Now, this is interacting with the fiat system, it does involve the effective printing of money and depending on the person providing the loan, there is risk, however, there are definitely some positives, even outside the not inconsiderable, “tax free” nature of this money. Firstly, by borrowing fiat money, you are increasing the money supply, while devaluing all other holders of that currency, which effectively works against fiat governments, causing them to forever print harder to stop themselves going into a deflationary nose drive. The second important aspect is that if you have not had to sell your bitcoin, you have removed sell pressure from the market and buying pressure that would strengthen the fiat currency, so further supporting the stack you have not had to sell. Now, let’s put this in the context of The Sovereign Individual or the entrepreneurial bitcoiner, who took a risk before fully understanding what they were buying and has now benefiting financially. The barrier of tax-based admin or the reticence to support government operations through paying additional tax are not insignificant, which the loan has allowed you to effectively side step, keeping more value of your holdings to allocate as you see fit. While this may involve the setting up of a new business that itself may drive productive growth, even if all you did was spend that money (such as a sport car or a new bike), this could still be a net, economic positive compared to a large portion of that money being sucked into the government spending black hole. While the government would not be receiving that tax revenue, every retailer, manufacturer or service provider would benefit from this additional business. Rather than the tax money going toward interest costs or civil servant wages, the money would go towards the real businesses you have chosen, their staff’s wages, who are working hard to outcompete their peers. Making this choice to not pay capital gains does not just allow bitcoiner to save money and to a small degree, reduce government funding, but also provides a cash injection to those companies who may still be reeling from minimum wage AND national insurance increases.
I’m not an ethicist, so am unable to provide a clear, concise, philosophical argument to explain why the ability of government to steal from you via the processes of monetary inflation as well as an ever-increasing tax burden in immoral, but I hope this provides a new perspective on the situation. I don’t believe increases in taxes support economic development (it literally does the opposite), I don’t believe that individuals should be penalised for working hard, challenging themselves, taking risks and succeeding. However, I’m not in charge of the system and also appreciate that if any major changes were to take place, the consequences would be significant (we’re talking Mandibles time). I believe removing capital gains tax from bitcoin would be a net positive for the economy and there being precedence based on the UK’s currently position with gold coins, but unfortunately, I don’t believe people in the cabinet think as I do, they see people with assets and pound signs ring up at their eyes.
As a result, my aim moving forward will be to think carefully before making purchases or sales that will incur capital gains tax (no big Lambo purchase for me at the top), but also being willing the promote the bitcoin economy by purchasing products and services with bitcoin. To do this, I’ll double confirm that spend/replace techniques actually get around capital gains by effectively using the payment rails of bitcoin to transfer value rather than to sell your bitcoin. This way, I will get to reward and promote those companies to perform at a level that warrants a little more effort with payment, without it costing me an additional 18-24% in tax later on.
So, to return to where we started and my first pay-cheque. We need to work to earn a living, but as we earn more, an ever-greater proportion is taken from us, and we are at risk of becoming stuck in a never ending fiat cycle. In the past, this was more of an issue, leading people into speculating on property or securities, which, if successful, would then incur further taxes, which will likely be spent by governments on liabilities or projects that add zero net benefits to national citizens. Apologies if you see this as a negative, but please don’t, this is the alternative to adopting a unit of account that cannot be inflated away. If you have begun to measure your wealth in bitcoin, there will be a point where you need to start to start spending. I for one, do not intend to die with my private keys in my head, but having lived a life, turbo charged by the freedom bitcoin has offered me. Bitcoin backed loans are returning to the market, with hopefully a little less risk this time around. There may be blow ups, but once they get established and interest costs start to be competed away, I will first of all acknowledge remaining risks and then not allocate 100% of my stack. Rather than being the one true bitcoiner who has never spent a sat, I will use the tools at my disposal to firstly give my family their best possible lives and secondly, not fund the government more than I need to.
Then, by the time I’m ready to leave this earth, there will be less money for me to leave to my family, but then again, the tax man would again come knocking, looking to gloat over my demise and add to my family’s misery with an outstretched hand. Then again, this piece is about capital gains rather than inheritance tax, so we can leave those discussions for another time.
This is not financial advice, please consult a financial/tax advisor before spending and replacing without filing taxes and don’t send your bitcoin to any old fella who says they’ll return it once you’ve paid off the loan.