Jon Choi

[Craig Raw 🐦 @craigraw]

My attempt to protect users from scam apps on the @AppStore has gotten my Apple Developer account flagged for termination - ironically, for "dishonest activity".

Unless it's reversed by June 30, all new installs of Sparrow Wallet will fail, and development on macOS will end.

The context: since 2023, more than a dozen fake "Sparrow" apps have appeared on the App Store, as recently as April this year. Users have contacted me after losing their savings, in some cases their life savings, to these impersonators.

I'm the developer of the real Sparrow Wallet, a desktop app, and I hold the registered US trademarks for the name and logo. I have publicly warned @Apple and the community about these fake apps from early 2024, but they keep appearing.

The app @Apple flagged was a placeholder that was never published. Its only purpose was to warn users that Sparrow is desktop-only and that other "Sparrow" apps aren't mine. This approach may have been misguided, but there was nothing dishonest about it.

I'm confident this is an automated misclassification that Apple would reverse on review - but I may be terminated before a human ever looks at my appeal. The cost would fall on @Apple's own users: blocked installs and no updates for a tool people rely on, which opens the door for more fakes.

If you value Sparrow, a repost would help. @AppleSupport

[Sparrow Wallet 🐦 @SparrowWallet]

Unless @Apple's decision to terminate @craigraw's Apple Developer account is reversed by June 30, all new installs of Sparrow will fail, and development on macOS will end. If you value Sparrow, a repost would help. @AppleSupport

[Jon Choi @JonChoi11]

@w_s_bitcoin This is the way

[Jon Choi @JonChoi11]

@PrestonPysh @mattkratter As a listener of your pod, thank you for introducing sound money economics to myself and countless others. Your work in this space has saved my family and countless others. THANK YOU!

[Conner Brown @BitcoinConner]

Even more concerning news today on the Bitcoin tax front. We’re going to need the Cyber Hornets for this one. 👇

Today’s new draft **leaves the double taxation on bitcoin mining in place** and only provides relief to staking.

So now the proposal is:

- De minimis for stablecoins but not Bitcoin

- Fixing tax treatment for “passive validation” (I.e. staking) but not Bitcoin mining

This contradicts all prior proposals on this issue. This is not tech neutral and picks winners and losers for no reason.

Full statement from BPI coming soon about @RepHorsford and @RepMaxMiller’s draft.

We need strong community push back to show that this language sets America and Bitcoin back.

[Yogi @Houseofyogi]

Unrealized gains tax for Gen-Z:

You buy a Pokémon card for $50.

Someone offers you $500 for it. You say no. You love that card. You're keeping it.

The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes."
You: "…I didn't sell it."

Government: "Don't care. Pay up."

You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received.

Next month? That card drops back to $50.

Your card is gone. Your money is gone. And the government shrugs.

That's a wealth tax on unrealized gains. They don't pay you back the tax...

Now picture this.

Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off.

But some website says it's worth more now and the government says she owes $15,000 she doesn't have.

So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday.

Gone.

To pay a tax on money that was never real.

Now picture the opposite.

Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it.

Next year the market crashes. His business is worth $200,000.

He lost everything to pay a tax on a number that doesn't exist anymore.

Does the government give him his money back?
No.

Does the government give him his truck back?
No.

Does the government care?
No.

They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine.

You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive.

You're not taxing wealth. You're taxing people for owning things.

It's like getting a parking ticket for a car you might drive somewhere someday.

They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created.

There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate.

I hope you understand what's at stake.

[Vijay Boyapati @real_vijay]

1/ Everyone wants to know when #Bitcoin will bottom. I have some good news and some bad news. Which would you like first?

[Just Another Pod Guy @TMTLongShort]

I respect Bessent not because he is competent and brighter than 99.9% of the people who have ever served in elected office.

I respect him because he volunteered to take a job that he knew would cause him to be despised by the social circles he has spent the last thirty years immersed in.

Even in a best case scenario where we successfully decouple a large contingent of his former colleagues in Europe and Asia will despise him.

A gay hedge fund manager who spent most of his career in NYC and London and who has teenage children.

But he saw a problem that needed fixing and gave up tranquility by stepping up.

He didn’t need the prestige. He had that in spades given his career.

And at the end of this if he is successful most people won’t appreciate the complexity of what they have (hopefully) pulled off.

No one will talk about stablecoins, swap lines or issuance schedules in the history books.

Trump will probably get most of the credit.

And that is fine by Bessent. Seems like all he wants is to leave a country behind for his children that is stable again without an overhang of eroding hegemony and everything that is downstream of that.

Respekt 🫡

[Tuttle Twins TV @TuttleTwinsTv]

Keynes: In the long run we are all dead.

[Grant Cardone @GrantCardone]

Ca Billionaire Tax is new tax system to apply a tax on ALL property owned, not just real estate but stocks, bonds, furniture, autos, cash, gold, silver - everything.

And don’t believe it’s about billionaire $8T, they want to tax their entire $170T property owned by middle class.

Imagine your grandparents with no real income who now live off social security and whatever they live accumulated in savings. The govt would tax the value of all the assets they’ve collected over their lifetime. Let’s say grandpa has a $1,000,000 net worth but very little cash. The gov’t would tax the value of assets and grandpa would have to pay $50,000 in taxes annually. It’s like a property tax but not just on your home everything they own!

[redpillbot @redpillb0t]

What a time to be alive, it's like the collapse of Rome, but with memes.

[Jon Choi @JonChoi11]

@Kr0nWayne @EricLDaugh More than 0

[Jon Choi @JonChoi11]

@AndrewYang It’s a greet idea. It gives this generation skin in the American dream and exposes young families to compounding. Additionally, this method of capital injection is less inflationary since the capital is locked in US assets for 18 years.

[Saifedean Ammous @saifedean]

To celebrate the launch of The Gold Standard, I’ve partnered with @coinkite for a special giveaway. For the chance to win a COLDCARD Q and a copy of my new book:
• Like
• Repost
• Follow @COLDCARDwallet

Winner will be selected on Monday (1 December).

[Jon Choi @JonChoi11]

@elonmusk What happened in 1971 that accelerated the decline in procreation 🤔

[Jon Choi @JonChoi11]

@XFreeze This is such 🔥 other companies are PVP but Elon currently PVE

[Jon Choi @JonChoi11]

@Strike Steady lads… deploying
more capital 🫡

[STRIKE @Strike]

Reminder: bitcoin is on sale and so are our fees.

Fees on all bitcoin buys have been reduced to 0.59% until 7pm ET.

Stay humble, stack sats 🫡

[Jon Choi @JonChoi11]

@JoeCarlasare And… Now they’re all alike. BTC was the leading signal

[Willy Woo @willywoo]

DUMMIES GUIDE TO BEING QUANTUM SAFE.

In the past it was about protecting your PRIVATE KEY (your seed phrase). In the age of big scary quantum computers (BSQC) that are coming, you need to protect your PUBLIC KEY also.

Basically a BSQC can figure out your private key from a public key.

The present day taproot addresses (the latest format) are NOT safe, these are addresses starting with "bc1p" and they embed the public key into the address, not good.

Prior formats hide the public key behind a hash, so a BSQC can't easily crack it.

Do this:

1) create a new segwit wallet. It will start with "bc1q" (NOT "bc1p"), you can use older formats too like ones starting with "1" and "3"

2) send all your BTC into this new address

3) you can continue to stack sats into this new address

4) NEVER send BTC out of it, once you do you're BSQC hackable because your public key is revealed

5) wait for Bitcoin to upgrade to a quantum safe protocol, this may take 7 years, who knows

6) send your BTC into the new quantum safe address when the network is NOT congested, once you send, you reveal the private key for a short time. It's unlikely a BSQC will steal your coins in that short window