YOU ARE SOVEREIGN
YOU ARE THE BANK
WE ARE THE NETWORK
THE NETWORK APPLIES VALUE
Bitcoin Book
1 – 2 – 3 – 4 – 5 – 6 – 7 –8
How Many Bitcoins (BTC) Are Circulating Out There?
3/11/25 There are now about 2 million BTC in circulation.
6/2021 There are currently 18,742,381 Bitcoin in circulation. There’s a maximum supply of 21 million.
In the U.S. Bitcoin is a Commodity
THIS IS NOT FINANCIAL ADVICE!
Buckminster Fuller explains in 1967
Visionary scientist R. Buckminster Fuller (July 12, 1895 – July 1, 1983) shares his insight into what Mass Industrialization really means for society in this rare clip fro, 1967.
What Is Bitcoin?
Bitcoin is digital property. It is a legal tender currency in some countries. It is an unhackable, unconfiscatable digital token, cryptographically engineered, riding on cryptographically engineered secured Bitcoin blockchain, that is located on 10’s of 1000s of computers world wide, which all have the exact same information in real time that can not be destroyed.
Michael Saylor Explains in his Interview
WHAT BITCOIN DOES
Bitcoin advocates and promotes human rights globally.
Bitcoin really isn’t about making billionaires (although it does) – it is really about reaching the billions who are unbanked across the world.
Bitcoin prevents war.
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- GAME THEORY – GAME BEHAVIOR – IT’S DECENTRALIZED
- 21 MILLION ONLY
- THE HASH RATE AND LIQUIDITY IS LARGER THAN ANY OTHER SHIT COIN OUT THERE. IT IS THE ONLY ONE TO OWN.
- PROOF – IT IS THE MOST SECURE NETWORK IN THE WORLD, IT IS AUDIT PROOF.
- YOU CAN VERIFY BITCOIN ON THE BLOCKCHAIN.
- BITCOIN SECURES THE NETWORK AND THAT IS WHAT WE CALL BITCOIN MINING.
- Bitcoin is decentralized, there is no leader.
- Bitcoin stays decentralized because people care and support it by adding nodes and also connecting to the 2nd layer lightning network.
- Crypto Mining Is an Industry: personal mining rigs can get turned into Mining Farms.
- Nodes support decentralization. Individual citizens around the world build their own nodes to help power transactions to make sure they contribute to decentralization.
- THERE IS NO FINANCIAL CENSORSHIP
*Paypal can shut your account down cause they don’t like who / where you spend you money *
Payment intermediaries and financial institutions shutter accounts and refuse to process payments for people and organizations when they haven’t been charged with any crime.
Example 3/10/25 Capital One Shuts Down 300+ Trump Organization Accounts in Move Seen Against Money Laundering
Accounts affiliated w/Trump Org held $ millions belonging to them & affiliates
Trump Org complaint accused bank of “egregious conduct”
*Bitcoin cannot be censored* - Buy it on any exchange give your cold wallet a 24 word recovery phrase.
- Cold wallets have a 10 year lifespan.
- More to learn K12playground.com/projects/National_Security
ICYMI stands for “in case you missed it”
Banks need Bitcoin, Bitcoin doesn’t need a Bank.
3/7/25 BANKS have a GREENLIGHT to USE Crypto!
Office of the Comptroller of the Currency
News Release 2025-16
March 7, 2025
OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency
Activities
https://www.occ.treas.gov/news-issuances/news-releases/2025/nr-occ-2025-16.html
The OCC just published a new Interpretative Letter, setting a new course for federal banks engaging in crypto activities.
– Clears federal banks to custody crypto assets, hold stablecoin reserves, and serve as blockchain verification nodes, without prior OCC nonobjection.
– Simplifies oversight by cutting unnecessary regulatory hurdles, retiring outdated approval requirements.
– Equips banks to innovate, with solid risk management still in place.
An important step for the financial system’s next chapter.
AMERICAN CITIZENS PAY TAXES
IN AMERICA BTC is a commodity and treated as an asset. You never sell an asset. You can use #bitcoin as collateral and give yourself a loan that’s not taxed.
THIS IS NOT FINANCIAL ADVICE!
Some people deposit their currency into a smart contract where it will be held and then receive Fiat currency into your bank account and then you can pay back your loan when you need to. This might be a nice new option for two reasons – it avoids a taxable event, you are taking out a loan and not selling your asset. The other benefit is a hedge against rises in the price of your currency, you will not miss out on any potential price rises as they still remain your property.
- PDF You can buy bitcoin with your self directed IRA
- Pay ZERO Taxes on Your Crypto Gains with The Charitable Remainder Trust video
- Maybe you need to use a IRA LLC? kkoslawyers.com
- People are lending to themselves (so that they effectively have leveraged/borrowed bitcoin) rather than lending to others.
Is this a tax loophole that makes bitcoin very attractive for people trying to keep their money “off-shore”? Is it a tactic to get more bitcoin for the same amount of dollars? - The tax thing is mostly to avoid the taxable event that arises when you sell crypto + keeping exposure to the crypto in question.
- Roughly The way it works is that instead of selling the crypto, you deposit it into a smart contract that then issues you a loan in example stable coins (DAI, USDT), with your crypto locked as collateral.
- Crypto Banks let you put your bitcoin as collateral against a loan in fiat. Borrow Fiat Money With Crypto-Backed Loans
FUD THERE IS NO ENERGY PROBLEM
WITH BITCOIN MINING
FORBES said the same thing about COMPUTERS when that got started “Bitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the #ClimateCrisis is to crack down on environmentally wasteful cryptocurrencies.”
Spreading FUD is part of the coordinated plan that financial institutions use to push the price of a commodity up and down for their own benefit. Anyone working on wall street will tell you that.
New York’s anti-bitcoin mining bill has failed to pass, and is now officially dead in the legislature! A win for renewable energy, electrical workers union and #Bitcoin.
Electrical Workers Union
The worker’s union IBEW, just fought in favor of #Bitcoin mining and the job opportunities it brings to New York citizens. #Bitcoin turns energy into American jobs.
The workers union should buy BTC for their pension fund. That’d be smart and show solidarity. Democrats are supposed to fight for unions right?
@FishinElectrician I have almost 10 years , my dues got top Care for both of my kids to be born and checked when needed. Allowed me to stay working , fought for living wage allowing me to buy my first house. And paid for my schooling to learn a trade most people are scared to touch. Questions ?
We know exactly what the energy costs are which is VERY small.
All the power consumed for bitcoin transactions is nothing in comparison to the destruction of the environment from mining:
– gold
– lithium for batteries
– diamonds
– silver
– rare earth
– clothes dryers
– energy costs for central banks to print and make coins
– fracking which is a government subsidy has no ability to make money after 6 months
– VISA requires 149 KWH of energy to perform 100,000 transactions on its global settlement network. The Bitcoin Lightning Network is over 1 million times more energy-efficient than this outdated network. If you are still using VISA you love wasting energy.
As a payment network, Lightning has higher throughput and consumes less energy than Visa.
AFRICA Camels walked in cell phones and lap top computers over the Silk Road !
Imagine in an African desert, living in a mud floor stick hut using an old smart cell phone with an internet connection using a solar power to connect with a satellite link for internet using a bitcoin phone application and wallet to buy and sell locally and also across the world.
THINK COLONIZATION of these 3rd world countries who have citizens that are smarter than AMERICANS because they already know how to do all this. The boomer generation has no idea how this works, they read the the usual FUD papers and FUD TV channels that are paid to print the FUD that politicians and banks were paid to say and the uneducated want to believe it.
Leaders that understand and work with technology already know what this means to the future of their nation – and the future of money. They want to get away from the petro dollar, the IMF and Central Bankers. Nations who buy bitcoin now will be rich.
The F.B.I.’s recovery of Bitcoins paid in the Colonial Pipeline ransomware attack shows cryptocurrencies and bitcoin are not as hard to track and will get tracked.
https://www.nytimes.com/2021/06/09/technology/bitcoin-untraceable-pipeline-ransomware.html