OostLog

People look down on office work, but I’ve always enjoyed it. As long as you’re in there suffering together with likeminded and energetic people it builds a sort of camaraderie that’s quite special

Bitcoin is higher than when the Iran attacks began, btw.

Patiently waiting for all the tradmedia articles highlighting Bitcoin’s relative strength compared to everything else and how we’re going back to 100k. They must be coming any moment now (crickets)

99% of people think of Bitcoin as an investment. But the real story is that it's off the grid digital money. Wealth that is outside of their system. I own a property in Europe, knowing full well that if I ever sell it (7 figures), I will not be able to take that money and do what I want with it without talking to 10 compliance people or being treated like a criminal. I also know that if I don't sell, the government is coming to milk me for the house for eternity (because god forbid you own a house whose value has gone up exponentially due to infinite money printing, you absolute capitalist criminal swine), as well as for whatever I have stashed away in stocks and so on. Wealth taxes, exit taxes, international taxes, unrealised capital gains taxes and other forms of confiscation await all of us. If you don't understand how that relates to Bitcoin and why you should care about it beyond oh muh god the number went up or muh ETF flows and mah DeFi, then i truly can't help you. You're being played by the system.

Removed Bitcoin price from my stocks app, my Bloomberg, the ticker I used to have on top of my desktop. In disgust. I refuse to buy or sell anything and we could literally be at zero tomorrow for all I care. This odd autistic behaviour usually marks the bottom.

Used these last months to restructure and recalibrate my BTC stack for an unfriendlier world.

I really don’t mind the bitcoin volatility and drawdowns. -80% is par for the course. But what I could never find peace with were the manipulative wicks before/after close of a timeframe. If you’re participating in this, fuck you.

We’re exit taxing - has my citizen got hidden bitcoins? Soon coming to a western European government near you

The boring reality of AI in the workplace is you just need to make sure to utilise it in such a way that keeps you ahead of the curve. If the majority of your colleagues are like “wow I can have it write my emails” and gain 1.2% productivity with that, then if you’re having it summarise research that makes you 10% more productive you’re in a safe spot. If you’re using it to build tools that up your output 100%, you’re likely safe for at least a decade to come.

How hard is it to imagine that in the age of AI and exponential tech advances a digital currency emerges from a non-traditional origin? To me it’s very odd that this thing which came up in harmony and synchrony with the above gets denied even when staring people in the eyes at $67k.

The “4m Bitcoin will get dumped because of quantum” story neatly separates investors/traders from the people who deeply understand bitcoin. I shed no tears for this being the latest hurdle that will throw a bunch of the former off the rodeo

The Netherlands is implementing a tax on "unrealised capital gains". They’ll sugar‑coat it, and after public outrage will no doubt implement a bunch of exemptions for the cattle, but this is the trajectory we are now on. An exit‑tax is already in the works too, and I would be very surprised if an international taxation regime does not come into place within five years for all the crabs in the bucket who will now try to emigrate. It will be all‑encompassing. Keep in mind as well that the Netherlands is often a trendsetter / testing ground for such policies as it effectively functions as a WEF colony. All of this has to be done because it is important that the permanent underclass taking shape due to AI includes the vast majority of the population. If you are not in their club, if you are a mere peasant, you have no right to try and escape it. When the tanks rolled into certain countries in 1939‑1940, you could cry about it, or you could start thinking long and hard about how you could cope and position yourself. That's where we are today in Europe. And in fact I am even somewhat hopeful, for two reasons: 1 - Europe has been ruined in many ways, particularly economically and through mass immigration, by a perfidious elite who serve someone but not the people of Europe. The response of the average European has been apathy. A near‑communist system may finally bring them to their senses. Over‑taxation has a way of waking people up like nothing else. 2 - If you've read the book “The Sovereign Individual”, you will know that a predicted end state of this game is one where governments become servers and citizens clients. We are currently not there yet, governments are clinging on to the old power dynamics and going full Soviet in the process. But more and more governments will start to do this in a more positive way; there is light at the end of the tunnel. Now as for how to actually position yourself? I've always thought about government policy – on any topic, including taxes – as falling into two distinct groups: moral or immoral. I personally prefer no taxation at all, but I understand a degree of taxation is accepted by most, and if I am free to move around then it is an acceptable choice to live under such a system. I consider modest taxation annoying, but not immoral. Here, however, the Dutch government is very clearly moving into immoral territory. I cannot specify exactly what that means or how you should cope. That would be unwise. But what I will say is: * Think very long and hard about whether you own enough Bitcoin, whether you own it all in self‑custody. * Structure it in a way that makes sense in this new and dangerous world; if you were early to Bitcoin, you now have an opportunity to do so with MAXIMUM OPTIONALITY for you and your family. * Ensure that what you own in stocks, real estate and other real‑world assets is an amount you'd be okay with paying excessive taxes on. They will come after it. * If you have the capacity to move to a more free place, I would not argue against it. However, keep in mind they will come after everyone on a global scale. You'll save some time but won't escape. Saying this mostly for those who will have to stay back. Don't despair.

To me the obvious market event that needs to happen here before price goes anywhere again, is for shitcoins to die. Now is the moment. It’s the natural thing that needs to play out to truly cleanse things, as it all got utterly absurd in 2020 and beyond. At several moments the last few months I went back to the Bitcoin chart wondering “is this dump over”, then went back to shitcoins still in the billions and realised “nah”. A few hundred billion $ in shitcoin value destruction still to go. LFG