Replace IRS with flat tax. Everyone pays the same rate above 50k. Your first 50k is not taxed, over 50k is taxed at 15%. Zero deductions, zero loopholes. Tax form is 4 lines:
@coryswan If Luna has a similar price decline to Fantom or some of these other hard-hit cryptos, the UST peg would be at risk.
If the UST peg becomes at risk, the LFG would be selling bitcoin reserves into an already soft market. That type of event could mark a cycle capitulation.
IMF Director sums it up:
- We printed too much money and didn’t think of unintended consequences
- We are acting like 8 year olds playing soccer chasing the ball
WTF is Tokenomics??
Lots of people reach out to me to ask me about tokenomics, what it is, and how to get started in it. So I thought to put this out publicly so it’s easy for people to reference.
Here are my foundational takes on the topic.
1/ On the EU Giving Up
I watched a panel on AI (machine learning) at a conference hosted by the European Commission.
9 people on the panel
Everyone agreed that the USA was 100 miles ahead of EU in machine learning and China was 99 miles ahead except for those who believed...
The Ontario Superior Court of Justice asked self-custody wallet provider @nunchuk_io to disclose user information and freeze user’s bitcoin.
This was the team’s response.
The dollar is a pure confidence game. It is backed by nothing but the public’s faith in those who are managing the dollar. As more people become aware of this faith will decline at an accelerating pace and so will the dollar.
Got Bitcoin?