Lukas Kirchbaumer

0/ Mit 1.3.2022 treten in Österreich neue Steuerregeln für Kryptowährungen in Kraft.🧵 tl;dr: - PoS wird im Vergleich zu PoW und DPoS deutlich begünstigt - Gewinnrealisierungen zu Stablecoins stellen kein "taxable event" dar - Steuersatz: 27,5% statt progressiver Besteuerung 👇

I'll repeat: "Code is Law" is a warning, not a slogan. Ethereum fixes this.

Technically, Ethereum is a spreadsheet

On track to be the first trillionaire

you're going to see a lot of crazy degenerate and semi-desperate RWA plays a lot of it will mostly be some combination of stupid and illegal and people will be asking us lawyers "how can they do that?" well, they can't, and it won't be sustainable, but they need headlines & need to be 'first' pay attention to those building for the longer-term

“Code is law” is Lessig’s warning. “Code must not be law” is what enables the Internet financial system —and the rule of law within it—in the first place. 👇 Censorship resistance at the base layer isn’t vulgar libertarianism. It’s a constitutional necessity for digital society. The protocols we build today create reality and divide power. If we hardwire censorship into them, we don’t get neutrality, we get embedded tyranny. The separation of powers must exist within the fabric of our systems: base layers that resist coercion; intermediaries that apply policy; and law that governs through institutions, not through code. Censorship resistance ensures that legislation doesn’t govern through infrastructure. It ensures that law remains law—not an opaque set of protocol rules enforced without due process. This isn’t ideological maximalism but design realism. And the new wave of pragmatists must understand it before they optimize it away.

two things are true 1) if your blockchain can be deleted, it probably should be deleted 2) as long as the EU doesn’t acknowledge the existence of sovereign, decentralized chains, assets and our exchange thereof, it will regulate itself into irrelevance with unenforceable laws

ten years ago today i published my first post on crypto and law 👇🏼 i was at the very beginning of the journey i’m still on today. kinda wild

When you truly work for yourself, you won’t have hobbies, you won’t have weekends, and you won’t have vacations, but you won’t have work either.

You can’t put “real world assets” on a blockchain. You can only put IOUs for RWAs that need to be enforced by courts.

"Don’t do things that you know are morally wrong. Not because someone is watching, but because you are. Self-esteem is just the reputation that you have with yourself. You’ll always know." @naval

According to the VIX, the worst market events of our lives were the 2008 financial crisis, COVID, and the Bank of Japan raising interest rates by a quarter percentage point.

For the most part, the largest multiples are behind us for this expansion, but the most exciting product development, and intoxicating social froth, is ahead of us - keep your feet on the ground, happy weekend 🫡

Despite being most vocal about $SOL in the last bear given its distressed levels, and the already known problems being highlighted re: #Ethereum UX, I'm still very long $ETH and a major believer in the ecosystem. Being a settlement layer isn't a path to success, it's the result of success. Ethereum atm is the only credible settlement layer for cryptoassets that crypto has, and that advantage will likely reinforce itself over time.

Dencun is both the most complex fork we've shipped since the Merge, and tied for "most total EIPs in a fork" with Byzantium. There were more teams than ever involved in the process, and it somehow all worked out smoothly...! Grateful to work with all of them, onto the next one🫡!

1) You are responsible for every investing decision you make. If you blindly follow what other people say, with no opinion or critical thinking of your own, you're playing a fool's game. Not only will you not hone your practice, but you’ll likely lose money in the coming yrs 🧵

so the market really did wipe out sbf, kwon, 3ac and then it went shooting for all time highs? like, not as a joke, but for real? so luna really did go to 0, sbf really is in a prison cell, kwon is getting extradited, zhu had to drop every last one of his shitcoin logos from his display name and kyle is in a shed somewhere chopping wood? the cryptocurrency saga moves like poetry. how is this real? when you experience something like this you need to take it in with every fiber in your body. every hair should be standing on your skin

Good investors don’t sell investment advice.

Good Morning from #Austria, where the equity culture is even less pronounced than in Germany. All Austrian stocks are worth just $146bn. This would put Austria in 90th place in the world ranking of individual companies by market capitalization. Siemens is larger than Austria's entire stock market. Austria is also a stock market dwarf in terms of econ performance. Its market capitalization corresponds to 31% of its GDP; even Germany is larger here w/a ratio of 57%, not to mention the US, where all shares are worth 206% of its GDP.

Good Morning from #Austria where the Austrian Euro is 16% overvalued vs. the German Euro when measured by Nutella purchasing power parity (Price for homogeneous product Nutella): The 700g jar costs €7.13 per kg in Austria vs €6.12/kg in Germany, so the Austrian Euro is 16% overvalued vs the German Euro. Apart from dairy products, food prices in Austria are more expensive than in Germany. Red Bull costs after the recent price increase €1.39 in Germany, but €1.59 in the country where the energy drink is produced.

BREAKING: SOMEONE SENT ~26.9 $BTC (~$1.18M) TO SATOSHI NAKAMOTO