As a result of the IRS wallet-for-wallet cost basis, people will FEAR self custody. They’ll FEAR trying different wallets.
This BENEFITS custodians and ETFs. It BENEFITS exchanges. It HURTS wallet developers. It HURTS humble self-sovereign Sat stackers.
This is the “then they fight you” phase. The State is actively trying to capture #Bitcoin. Don’t let them.
jimbocoin / jimbocoin 🃏
npub1v9…x9q3h
2025-01-02 16:20:08
Author Public Key
npub1v9qy0ry6uyh36z65pe790qrxfye84ydsgzc877armmwr2l9tpkjsdx9q3hPublished at
2025-01-02 16:20:08Event JSON
{
"id": "8daced35858391562b43c203724109f04d876f4c6223d8b0620970ec2de38574",
"pubkey": "6140478c9ae12f1d0b540e7c57806649327a91b040b07f7ba3dedc357cab0da5",
"created_at": 1735834808,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "As a result of the IRS wallet-for-wallet cost basis, people will FEAR self custody. They’ll FEAR trying different wallets.\n\nThis BENEFITS custodians and ETFs. It BENEFITS exchanges. It HURTS wallet developers. It HURTS humble self-sovereign Sat stackers.\n\nThis is the “then they fight you” phase. The State is actively trying to capture #Bitcoin. Don’t let them.",
"sig": "fbbf3040ebc96040276ae51ff98447dc65f04f678e7f3d026ec3896f7a5641c71c37c6ef4d497d2ff87972fa1858c92a6d4507ed79eec93c5b2a2b6894146a6c"
}