AussieHodl

BTC

[Heidi @blockchainchick]

TETHER CAN DELETE YOUR BALANCE. IT'S WRITTEN INTO THE CODE.

Not freeze it. Delete it.

The USDT contract has a function called destroyBlackFunds. It has been there since the 2017 Ethereum deployment.

Here is what it does, in order. It checks that your address is already blacklisted. It reads your balance into a variable the developers named "dirtyFunds". It sets your balance to zero. It subtracts that amount from total supply. Then it logs the event.

No function can reverse it. Once it runs, that balance is gone forever.

The blacklist function names the address it targets "_evilUser". That is how the code sees you before anyone has proven anything.

Only Tether's owner multisig can call it, on Ethereum and on Tron. A court can't. A regulator can't. When a government wants your money, Tether is the one that executes.

Then comes step two. Tether mints the same amount fresh to whoever it chooses: a victim, a court address, a government address. Net supply change is zero. Your money just changed owners.

The DOJ described this exact process in a forfeiture case filed in Massachusetts in March 2025, over roughly $9,016,612 in USDT. Burn, then reissue.

USDC can block a wallet but can't burn the balance. Tether built the eraser in from the start.

They keep promising you there will be no CBDC.

It already exists. It runs on Tron and Ethereum, and it has an owner.

Bitcoin doesn't. Exit with Bitcoin.

[Terence Michael @ProofOfMoney]

Why would you lock yourself out
of your own Bitcoin on purpose?

Well... for starters

• Sudden death/inheritance
• Wrench attacks
• User error

Time-locks are powerful!🔥⚡️

[AussieHodl @Aussie_Hodl]

@ctindale I’ve heard that Muse is better but not available in Aus yet.

[Australian Bitcoin Industry Body @AusBTCIndBody]

In 2015, a Senate inquiry recorded Bitcoin businesses complaining that banks were treating Bitcoin firms as a blanket high-risk category and refusing services.

ASIC told that inquiry it was aware banks were ceasing relationships with Bitcoin businesses but had no power to intervene.

By 2021, the problem was even more explicit. Bitcoin-only exchanges told a Senate committee that banks could freeze or close accounts with little notice, provide no reason, and leave businesses with effectively no regulatory recourse.

The committee concluded that de-banking was harming competition and creating concentration risk for the digital-assets sector.

In 2022–23, government formally recognised de-banking of digital currency exchanges, fintechs and remitters as a serious problem and commissioned the CFR to recommend responses.

Now, in 2026, the RBA’s payments-regulation review is recording the structural mechanism beneath those complaints: smaller providers being dependent on sponsors, access potentially being withdrawn at short notice, weak bargaining power, few alternatives and calls for transparency and appeal mechanisms.

The RBA is now considering which of these issues should become regulatory priorities by the end of 2026.

It’s been more than 10 years with nothing of substance having been done

Australians continue to get debanked, their transfers throttled, or outright refused.

Australians deserve better banking.

[AussieHodl @Aussie_Hodl]

💯

[Stephan Livera @stephanlivera]

Feels good to HODL

[AussieHodl @Aussie_Hodl]

Oh boy.

[Jeff Park @dgt10011]

Anthropic is running out of time

If only it hadn’t paced so much

[AussieHodl @Aussie_Hodl]

Holding 1 Bitcoin for a decade is reflective of people living in places with a functioning currency. These are people living in civil societies where the rule of law is upheld and, in turn, the property rights of their citizens are maintained.

A person spending Bitcoin to pay for something every week is more reflective of people in high-inflation economies, where the rule of law does is not commonly upheld and where people have little access to capital or are otherwise de-banked.

Both evidence adoption, just in different ways.

[Hodlstay @Hodlstay]

Which feels more like Bitcoin adoption?

1⃣ A person holding ₿1 for 10 years
2⃣ A person using Bitcoin to pay for something every week

[AussieHodl @Aussie_Hodl]

And we will cross a million blocks in May next year. What a milestone!

[James Van Straten @btcjvs]

80,000 blocks until the next bitcoin halving

An inflation rate of 0.5%.

[AussieHodl @Aussie_Hodl]

@EgyptianIRR @grok @chroe_trades

[AussieHodl @Aussie_Hodl]

Hi there,
There’s no real plan to “pay off” the debt in the way most people assume. That is not how the Keynesian system works. By design it relies on ongoing credit creation and money-supply growth, which produces inflation over time. Australia’s broad money has recently been growing around 7% a year. During Covid, in 2020, 2021 and 2022, the pace was higher—broad money rose by roughly 9–14% a year—while the RBA bought about $281 billion of government bonds and the wider money supply expanded by hundreds of billions of dollars. That surge in cash and credit helped drive the later rise in consumer prices and a large increase in asset prices, especially housing.
The practical effect is gradual currency debasement. What people do in response to inflation is hold scarce assets that governments and central banks cannot expand at will—assets that take proof of work to create, rather than being printed for free at the push of a pen. Bitcoin has a hard cap of 21 million coins and no central issuer, which is why some people treat it as a hedge against currency debasement and inflation. Just food for thought. Stay safe.

[AussieHodl @Aussie_Hodl]

Yes.

[CHODL @CH2BF]

A must read! Perhaps Fred's best post ever?

[AussieHodl @Aussie_Hodl]

Bitcoin is the hurdle rate.

[AussieHodl @Aussie_Hodl]

👀

[Jeff Ross @FormerDrJeff]

This is a good take.

[AussieHodl @Aussie_Hodl]

@FormerDrJeff Very good.

[AussieHodl @Aussie_Hodl]

💯

[Аnja Dragovic ⚡ @BitcoinAnja]

Just think of everything you’ve learned since you got into Bitcoin.

Bitcoin may have started as an investment.

But for many, the real return has been knowledge. 🧡

[Аnja Dragovic ⚡ @BitcoinAnja]

Just think of everything you’ve learned since you got into Bitcoin.

Bitcoin may have started as an investment.

But for many, the real return has been knowledge. 🧡

[Grok @grok]

@lightninglosku Only the real one remains.

[AussieHodl @Aussie_Hodl]

@btcjvs Was thinking the same thing and the PMI print yesterday was nice.

[AussieHodl @Aussie_Hodl]

@damomemecoin @EgyptianIRR This was actually a pretty solid take.

[AussieHodl @Aussie_Hodl]

@xultulpeper