ferry ananta

[PixelRealm @PixelRealmlabs]

🕞 2 DAYS LEFT!
@PrimeSkillX's Airdrop Snapshot is coming closer! 🔫

📌 Ensure you meet the eligibility and requirements
https://t.co/Ub7I6qQZfO

🔗 Explore the incubator
https://t.co/VwrT14dVic

Here’s a quick look at how the NFT Paris community enjoyed playing PrimeSkill 👇🏻

[STEPH IS CRYPTO @Steph_iscrypto]

Bullish consolidation for #Hbar before a new all time high

[AJ⛩️ @CryptoAJ_eth]

Slowly then all at once. $moodeng

Binance this month. 🤫

[pangboy.hl @pangb0y]

GM

Week 2 $100k to $10M buy & hold portfolio

Status: + 36%

$SIGMA
#RETARDIO
$MUMU
$LOCKIN

Wallet: 5YGEd38MyHfq23sZQxtVadisQV4Ehm6hxsaKsqFoYXwR

[Em 🏴‍☠️Tezos TX 🇺🇸 @TezosTexas]

👇⬇️⬇️ that’s the spirit

#Tezos $XTZ #Quebec

[DexBet.win @dexbet_win]

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[ferry ananta @FerryLivan]

Do you know what ferry ananta is up to?

[Jonny 👾 @Hustlepedia]

Huge win today on $SKAI token launch.

Another day in the @NexusLabsGG offices. Was happy to have the opportunity to get this one for our top holders🤝

One of many cooks upcoming for the NexusPad 🔥

[ferry ananta @FerryLivan]

De quoi ferry ananta parle-t-il?

[ferry ananta @FerryLivan]

Greetings, it's ferry ananta at your service

[ferry ananta @FerryLivan]

Whoop whoop – it's ferry ananta!

[Joel Valenzuela @TheDesertLynx]

Is Bitcoin going to introduce a fee for hodling?! 👀

A new Bitcoin magazine article suggests just that! Yes, it's controversial right now, but the fact that it's even being talked about shows a major shift.

⚠️Controversial take at the end, bookmark this so you can come back to it and see I was right! ⚠️

First, I (and others) called this years ago. Someone will have to pay the security budget if people aren't transacting!

"iS tHe SeCuRiTy BuDgEt In ThE rOoM wItH uS nOw?"

Yes. Yes it is. 😏

Bitcoin is secured by miners, who spend a lot on equipment and electricity. They do this because the network pays them. So far it's been mostly the money printer (which prints less and less until 21 million total supply gets reach), but it's supposed to transition to fees.

Now, in order to remain sustainable, Satoshi envisioned large numbers of transactions paying small fees each. But, as Bitcoin transitioned to a more institutional asset (read @HijackingBTC on how), now they NEED other ways of paying the miners, such as:

⚡️Super-high individual transaction fees
⚡️A tail emission (small but infinite money printing)
⚡️L2s where fees are low but still contribute to L1 miners

We saw insanely high fees recently with the whole Ordinals and BRC-20 stuff. It didn't last. It did break Lightning, which was fun to watch 😆 but people quickly decided that they won't pay fees that high sustainably.

A tail emission (like Monero has) makes sense to some degree, but it would ruin the 21 million meme of ultimate scarcity, so it won't happen. At least, I think it's the least likely solution.

In my mind, Drivechains as championed by @Truthcoin are the only realistic solution without simply making the blocks bigger, because it lets you build easy sidechains that work as well as if Bitcoin had scaled to begin with, and actually contribute fees back to miners. But there's lots of resistance to this idea (probably because it makes too much sense).

So now we have the hodl tax idea.

🌶️SPICY TAKE!!!🌶️

Bitcoin will get a hodl tax. Unless it scales (or adopts drivechains), it's either that, it gets a tail emission, or the network collapses and everyone loses all their money. Of all those outcomes, a hodl tax is the most likely.

HOWEVER!

I don't believe that a hodl tax will be implemented at the protocol level, as that's far too controversial, and opens up a giant can of worms in creating money that "rots" or could be de facto confiscated, both of which are super antithetical to the entire Bitcoin ethos.

I think that institutions (which are largely how people will use Bitcoin moving forward) will pass the fees on to the consumer. Buy from Swan or Coinbase? They'll charge a holding fee, because they do actually have to pay on-chain fees (or even if not, subsidize mining).

This is how it may likely shake out:

⚡️Miners, instead of going broke, choose to reject transactions that don't pay large fees

⚡️Fees spike, institutions can still afford them, everyone else gets priced out

⚡️It still costs institutions money, so they pass that cost on to the consumer (hodl tax)

⚡️With fees so high, no one can actually afford to self-custody Bitcoin anymore, so they're forced to use a custodial institution, and therefore pay their hodl taxes

Are we just back at recreating the banking system?

Yes! Yes we are, sadly.

This has been the ultimate direction of Bitcoin ever since it shied away from on-chain scaling and pursued a pro-institution path. Digital gold standard behind the new banking. Yes, an improvement over the current fiat scam, but a marginal one.

Yes, I know it's just one "Bob" guy writing an op ed. No, I don't think we're seeing a hodl tax very soon. But something has to give eventually.

Just wait until hashrate starts plummeting, and bagholders start begging to pay the tax to save their investment.

[PancakeSwap @PancakeSwap]

If you had a time-skip button 🔜, where in the future would you jump to?

[Telcoin Daily Info ℡ @TelcoinDaily]

$TEL

[Black Flag DAO 🏴 @BlackFlagDAO]

Capital Allocation with Kevin Owocki https://t.co/gtNgLAJA0H

[John Morgan @johnmorganFL]

Hamster Kombat hits 239M users in 81 days — Telegram’s Durov

https://t.co/l19VDVpmrc