Hello Humble Bitcoiners!
Another day and yet another blast of signal straight into your inbox!
It is only the middle of the week, but we are just getting started! |
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| 📝 Today's Rundown Tax Exemption: U.S. Senators introduce a bill to provide tax exemption on bitcoin transactions for less than $50 or trades netting a gain of less than $50. Maintaining Privacy: Mixing bitcoin using Whirpool can help users achieve anonymity. Here are a few tools to help maintain that privacy benefit when spending. Private Payments: pLN is a new wallet project that aims to make it easy for users to follow the “happy path” of making bitcoin payments privately on Lightning. |
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U.S Senators Introduce Bill For Tax Exemption On Small Bitcoin Transactions
By Shawn Amick The Virtual Currency Tax Fairness Act was introduced yesterday by Senator Patrick Toomey (R-AZ) and democratic Senator Krysten Sinema (D-AZ) with the aim of providing tax exemption for bitcoin transactions up to $50 or trades which net a gain up to $50.
This come as great news, since up until now, bitcoin has fallen under the classification of property, making every transaction a taxable event. While some may be of the opinion "bitcoin is open money, we shouldn't be asking for permission," the consequences of breaking the law are real.
Having an allowed threshold will likely help to incentivize the circular economy and even the increase adoption. |
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How To Maintain Privacy When Spending Mixed Bitcoin
By Econoalchemist Bitcoiners cannot stress enough the importance of privacy when it comes to sound money. Without it, money can not be transacted freely since coercion and censorship could easily impact anyone considered objectionable by an authoritarian regime.
Fortunately, Bitcoin can be as private as its users want it to be. There are tools that can help Bitcoin users to achieve anonymity. Whirlpool, for example, is a bitcoin mixing mechanism that breaks deterministic links to past transactions and provides forward-looking anonymity so that users can preserve the censorship-resistant and permissionless attributes of Bitcoin.
However, it is also very important to maintain the privacy achieved after mixing your bitcoin and while spending them. There are transaction tools that help users to spend post-mixed bitcoin and maintain anonymity. This article explores some basic concepts related to the wallet structure around Whirlpool and demonstrates the post-mix spending tools built into two very well known wallets focused on privacy: Samurai and Sparrow Wallet. |
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1. ZEBEDEE partnered with mobile game developer VIKER to enable play-to-earn bitcoin rewards on three classic video games: Solitaire, Sudoku and Missing Letters.
2. A developer and an entrepreneur hope to bring community-based custody for Bitcoin to billions of people around the world through Fedimints
3. If you do not withdraw and hold your bitcoin private keys, you are not in control of your own money.
4. Bitcoin is a CDS on the Fed. With rampant inflation and institutional unease in the air, bitcoin is prepared to gain exponentially.
5. As Bitcoiners witness the monetary revolution at hand, a spiritual revolution is underway in the same fashion.
6. Globalization has occurred to people, products and corporations — but what about our money? |
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Making Lightning Payments Private Again With pLN
By Adam Anderson Contrary to what most people might think, Bitcoin and the Lightning Network are by no means private by default. The average Bitcoin user needs to be educated on the matter, not just so that they acknowledge the importance of privacy when it comes to freedom and sound money, but also so that they learn about the tools and mechanisms that can be used to achieve anonymity when using Bitcoin.
This article is an introduction to pLN, a new wallet project that is still in a very early stage but with a clear and important use case. The developers of pLN are working to achieve private payments through Bitcoin’s second layer, the Lightning Network. The pLN wallet is an exciting project that should help both with educating users about privacy and allowing them to use Lightning in a straightforward manner. |
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By Varchava
A big argument for bitcoin deniers is the proposed scenario: "What if someone bought at $69,000?"
Well I for one bought some around the top.
Once you understand what bitcoin is here to change, then the purchases become recurring ...
Some of us will buy every top, every bottom, through every accumulation phase until we reach hyperbitcoinization.
There is no alternative.
Stack harder,
Bam |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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