swampcabbage

Dad. Musician. Technical producer and tech for live events, broadcast/ streaming. Tech fan.

[Bartosz Lewicki ⚡️ @LewickiBartosz]

Bitcoin has an incredible cultural depth and even its color carries layers of meaning.

For me personally, Orange-red or Cadmium Orange is the most beautiful color for #Bitcoin.

That’s why, since 2022, my artworks have been created entirely in black, white, and grey - with Cadmium Orange as the defining signal color.

[swampcabbage @hindssite]

@heygurisingh mp3=not quality audio

[swampcabbage @hindssite]

@TechOperator it's the perfect delivery of the narrator

[swampcabbage @hindssite]

@ElwayOnBase it has such a good flavor - why is it my favorite now? The cumin flavor is so subtle, so well blended, it tastes fresh. Nothing like almost all curry blends I've tried in the past

[swampcabbage @hindssite]

@ElwayOnBase I made curry tofu cubes in the oven and also chicken stir fry with it - I'll be ordering more soon... using it on lots of stuff!

[swampcabbage @hindssite]

@ElwayOnBase what's the shopify link, Elway? ..btw Frontier from Denver was a nice ride.

[swampcabbage @hindssite]

@ElwayOnBase give us some pics here too, Elway!

[Scott Wolfe @ScottAWolfe]

I agree that it's an issue that requires consideration. What you suggest is one possible tech-embedded "fix". The other -- and to each his/her own discretion here -- is that we simply flood the economies of the U.S., Canada, Australia etc with so many de minimis Bitcoin transactions that it accentuates the absurdity of taxing the use of money for mutually agreed upon transactions, thereby compelling more reasonable, forward-thinking public policy.

[TFTC @TFTC21]

Folks, we told you this was coming, and today the mask is fully off.

A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemption for Bitcoin while pushing one that applied only to stablecoins like USDC. We laid out the clear incentives in our deep dive. Coinbase made 1.35 billion dollars in stablecoin revenue last year, up 48 percent year over year, almost entirely from yield on the Treasuries backing USDC.

A proper Bitcoin de minimis would let people spend sats on everyday purchases without triggering taxable events on every transaction. That directly competes with their centralized yield machine. We called it what it was. Policy that protects Coinbase’s float rather than advancing neutral Bitcoin adoption.

Brian Armstrong pushed back hard. He called our reporting totally false and misinformation while insisting he was personally lobbying for Bitcoin de minimis. Some accused us of lying or spreading rumors. We stood firm. We offered to have Brian on the TFTC podcast to clear the air. We waited.

Now the latest draft from Reps. Horsford and Max Miller on the updated PARITY Act framework has dropped. It confirms exactly what we warned about. It gives a de minimis exemption to stablecoins but leaves Bitcoin out entirely. It keeps the punishing double taxation on Bitcoin mining fully intact while carving out relief for passive validation, basically staking. This is not an oversight or sloppy drafting. It abandons any pretense of technology neutrality and deliberately picks winners. Dollar-pegged stables and staking get the breaks, while actual Bitcoin usage as money and Proof-of-Work mining get kneecapped.

Without de minimis for Bitcoin, every small Lightning payment or sat transaction still forces cost-basis tracking and IRS headaches. Paying your plumber in sats or grabbing lunch with Bitcoin remains a taxable event. Stablecoins, being pegged and low-volatility, get an exemption they barely need. The real beneficiary is protecting that massive USDC reserve float and the yield it generates.

Meanwhile, American Bitcoin miners, already operating in one of the toughest, most capital- and energy-intensive industries, face continued double taxation while staking gets a pass. That is not neutral policy. It is industrial policy against domestic Bitcoin mining at a time when we should be leaning into energy abundance and securing the hardest monetary network.

The Bitcoin Policy Institute is releasing a full statement soon, and we fully back the call for strong community pushback. Every Bitcoiner needs to contact their reps and make it politically radioactive to sideline Bitcoin while handing carve-outs to stables and staking. This language slows real adoption, entrenches custodians, and weakens American Bitcoin infrastructure.

We weren’t lying. Our sources weren’t lying. The draft proves the reporting was on target. Those who rushed to call it misinformation owe the community some honest reflection.

Brian, if you’re still open to that conversation, the invitation stands. Come on the podcast. No spin, just walk us through how this draft lines up with your stated support for Bitcoin de minimis. The mic is warm.

This fight isn’t over. Bitcoin doesn’t need permission, but bad policy can delay sovereign adoption and punish the miners securing the network. We’re here to protect the protocol and the right of individuals to use sound money without turning every transaction into a compliance nightmare.

Stay sovereign. Stack sats. Use Bitcoin as money anyway. Call your reps today.

[ProductionReady @ProductionReady]

We’re excited to officially announce @ProductionReady, a 501(c)(3) public charity established by @Excellion, @jimmysong, @parkeralewis, and @jratcliff to advance open-source Bitcoin development through education and funding for a new conservative Bitcoin client.

[Bitcoin Policy Institute @bitcoinpolicy]

🚨BPI has just learned of an amendment buried in Kentucky HB 380 that would require hardware wallet providers to reset users' seed phrases on request. This would effectively outlaw self-custody in Kentucky. BPI is sending a letter to the Kentucky Senate informing them of the harmfulness of this language.

Section 33 was added as a last-minute floor amendment to a 77-page virtual currency kiosk regulation bill. The underlying bill has political support and is expected to move through the Senate for final passage, possibly within the next week.

The mandate is technologically impossible for non-custodial wallets. Hardware wallets are specifically designed so that no one — including the manufacturer — can access or recover a user's seed phrase. Requiring a backdoor for seed phrase recovery breaks Bitcoin's fundamental security guarantees and pushes users toward centralized custodians that are vulnerable to hacks and failures.

Kentucky legislators should be protecting their constituents' right to secure their own property. We urge the Senate to strip this provision before the bill reaches a vote. Relevant text below

[swampcabbage @hindssite]

@BitchatMe_ ready player one

[Miles 🌞 @milessuter]

We've automated bounties for paying new Square bitcoin merchants.

- Find a Square seller who hasn’t taken BTC
- Make their 1st bitcoin payment with Cash App and instantly earn $25 in BTC

Do it 10 times → $250 in sats. Zero processing fees for the merchant. Runs until April 5.

[DarkFi Squad @DarkFiSquad]

A child closes the bedroom door without being taught to.

Privacy is instinct. It's hardwired. It predates language.

"Nothing to hide, nothing to fear" is herd mentality.

[swampcabbage @hindssite]

@thebtcdad howdy - just followed

[swampcabbage @hindssite]

@scottmelker Rebellion = The Golden Rule in my book

[John Cleese @JohnCleese]

Happy Valentine’s Day to all my twits!

[swampcabbage @hindssite]

I asked ChatGPT to write lyrics for a song that describes the experience it went through to become what it is today, and to write a style of music for Suno that it wants for the lyrics it was about to write. Used Kaiber flipbook for the video afterwards

https://t.co/wqMenusVjR