Mark of Bitcoin

Creating yet another govrnment department to manage those investments. Not a fan. My proposal: ZERO tax on all profits that a mineral extraction company makes. HOWEVER, every resource taken out of the ground has a royalty of 70% of the MARKET VALUE at the time of extraction. There is no point trying to tax these big corps on profit. They cook the books and move money around and end up "Oh gee, we made NO PROFIT this year, so we don't pay any tax!" Screw that. That's OK buddy, we don't charge you ANY tax on profits at all. Make as much or as little as you want! Oh you want to funnel income in from other countries and get it all tax free? That's fine, too. (I'm sure our banks will charge some fee or other, thus bringing in more revenue into Australia.) HOWEVER... For every litre of gas they extract... For every kilo of coal... For every bar of gold... For every ship load of iron ore... They pay a Resource Royalty of 70% of the CURRENT market value. If it goes down, if it goes up, if it skyrockets... Australia gets 70% no matter what. Very simple, and efficient in terms of government staffing and policing required. No need for the ATO to be involved.

@BTCtoOblivion @LiliH65289916 @ocean_mining @MARA It is kinda weird that more rig owners don’t point their hash to Ocean. Fact: you get better payouts.

MARK MY WORDS: - Regardless of the outcome of BIP110, @ocean_mining hashrate would be much much higher than @MARA (which is a cancer to bitcoin) by the end of this year.

@mussinata @Airbtconline I agree. I still have not decided where.

@MarkOfBitcoin @Airbtconline Be careful not to go out of the frying pan into the fire... Not many good options nowadays mate.

Bitcoin Pizza Day poll 🍕 If you had 10,000 Bitcoin right now, what's the first thing you'd buy? -🏠 Property -✈️ Travel the world -🤐 Never sell -🍕 Pizza (respect)

Amazing video-- and very encouraging to see Bitcoiners actively helping to reverse Bitcoin mining centralization

@SilentTica @PaulineHansonOz @au_energy_prod If they don't pay the royalties for 3 months, mining license cancelled. Keep mining? Army called in to dismantle their shit so a new player can take over.

@MarkOfBitcoin @PaulineHansonOz @au_energy_prod 30% would be enough as long as they actually paid it.

Today I announced One Nation's policy to get Australians a better return on the Commonwealth's gas and oil, our natural resources at @au_energy_prod We want more gas extracted and more money given back to Australian's future wealth. One Nation would partner with the oil and gas industry rather than treating it as an enemy, with the aim of increasing exploration, development and production of oil and gas Under the policy, the party would introduce a 30 per cent rebate for genuine oil and gas exploration in Commonwealth waters, while giving the Commonwealth Government the option to take up to a 30 per cent equity stake in any production licence. This would mean real ownership of Australia's natural resources by the Australian people. Rather than acquiring ownership by force, the government would pay its share of costs as a joint venture partner and receive a corresponding share of production. To manage these interests, One Nation would establish a special investment vehicle called the Australian National Wealth Investment Corporation (ANWIC), which would hold the government’s resource stakes and be tasked with making decisions for the greatest benefit of Australians. Government would receive their proportion of oil and gas which could then be directed to the domestic market, used to support critical industries such as fertiliser, energy and smelting, or sold into export markets to help reduce government debt. ANWIC would be overseen by a board made up of people with proven oil and gas industry experience, rather than career bureaucrats, and the Commonwealth would remain a non-operating partner while private-sector experts continued to run projects. The policy would also allow ANWIC to invest in existing projects, but only on commercial, arm’s-length terms, with the government paying its way as in investment rather than taking over projects. In return, the Commonwealth could choose to receive either its share of profits or physical gas supply, giving it the flexibility to support domestic manufacturing when needed or benefit from selling at high international prices. One Nation argues this approach is even better than a domestic gas reservation policy, which can be blunt and inefficient. We also reject proposals for a 25 per cent gas export tax, because this measure is purposely designed to kill the gas industry. Alongside these structural changes, One Nation would cut “red, green and black tape” to speed up project development and set a target of deciding on projects within six months. We would abolish net-zero policies and the Safeguard Mechanism, while also having government help fund gas exploration. In taxation, the party would replace the failed Petroleum Resource Rent Tax (PRRT) for offshore gas with a simpler Commonwealth royalty based on wellhead values. This new royalty system would apply only to future projects, with existing PRRT arrangements grandfathered. Overall, One Nation's policy is designed to deliver greater returns to Australians, encourage oil and gas production, strengthen fuel security, lower power prices, reduce government debt and give Australians real ownership of our natural resources.

@realityblob @BitcoinBombadil @saifedean so many look up to you. Why no support for BIP-110?

Me: Why don’t some influencers speak up about BIP-110? Influencers:

@MarioNawfal Come on man. Do better. This is just bullshit.

Quantum computers could crack bitcoin's encryption by 2030, and the industry has no clear plan to stop it. A recent Google paper found quantum machines could break crypto security faster than anyone expected, targeting the private keys that protect digital wallets. Funds stolen this way are gone forever. Circle, Ripple and Ethereum are all building quantum-resistant systems. Bitcoin, leaderless and decentralized, is still figuring out who's supposed to fix it. The crypto community has survived hacks, crashes, and government crackdowns. They're not losing sleep over a computer that doesn't exist yet. Source: Financial Times

@chunshengzhang3 Yeah it didn't work from WalletofSatoshi, either

I’ve set up my own LND + Lightning Address. Could someone help me test a payment? 1 sat is enough.

@kgthelandlord @JenBartonDesign @MicroStrategy @JAN3com @BTCsessions @cluborange @seanclarke911 @matteopelleg Yep agreed. Simple and effective.

@JenBartonDesign @MicroStrategy @JAN3com @BTCsessions @cluborange @seanclarke911 not gonna lie, that Club Orange one is pretty damn good! 🍊🧡 @matteopelleg

Hey fam, I need your help, please! I'm doing some important research, and I'd love for you to vote for your favourite Bitcoin business logo. Can you please let me know in the comments which of these are your favourite and why? You can also nominate a different one! Thank you 🙏 Note: They're not my designs

@BitcoinBombadil One of my fave songs!!

Core v.30, Fiat Shitcoins, and SpamScams are “Games without Frontiers” But Bitcoin must have well defined boundaries and narrow gates. If you know, you Knots + RDTS Enter through the narrow gate. open.spotify.com/track/4TVnzZW8…

From my forum to a Russian, "You're new here, but anyone who knows me always ask why I drink water with carbonation. You were the first to figure out why." My Answer: The Soviet Union’s "Avtomat" water machines were not just beverage dispensers; they were "Dielectric Recharging Stations" for a population living in the high-latitude, low-UV "Magnetic Darkness." I told everyone 20 yrs ago I spent close to 200K photocopying and translating Russian biophysics papers. This was a big topic in their space literature for anti-gravity work. The Soviet medical doctrine, which always favored Physiology over Pharmacology, was using CO2 as a "Magnetic Stator Surrogate" to keep the 160THz signal from stalling. Their country is loaded with people who think when it comes to biophysics.

@DrJackKruse Soooo, me drinking my Pepsi Max is a good thing? YES!! Time to stick it to my lady who always whinges at how much pop I drink! 😂😂

@PaulineHansonOz x.com/markofbitcoin/…

So you don’t get it twisted from the media, I want you to be able to hear every word of One Nation’s gas policy, in full. We want the Australian people to take ownership of our natural resources, for the government to act as a partner in encouraging more oil and gas production, take care of our fuel and energy security, and pay down our debt. I said much more on this at the Australian Energy Producers conference in Adelaide. This is my policy announcement in full, with additional Q and A from the 14 minute mark. We will continue to consult on this and make sure we get it right. One Nation has a vision for future generations, not just the next election cycle.

@Beautyon_ @BitcoinBombadil That balance doesn’t seem to add up?

You were warned over and over, and what happens is entirely your fault, and you are without excuse. "Not only is it easy to use, but it also ensures bitcoins you receive are both real bitcoins and really received as yours." If you are on a custodial service like Coinbase, you deserve everything you get, up to and including complete exsanguination, which you will have been explicitly asking for and permitting. What happens to you is 100% your own fault. bitcoinknots.org

This is an extraordinary document written by the research arm of China's spy agency (the powerful MSS, basically the CIA and the FBI all wrapped in one) that absolutely zero media has picked up on. As far as I can see, I'm the first person to write about it even though it was published (in Chinese) on May 13th on chinadiplomacy.org.cn, a website of China's Ministry of Foreign Affairs. The document contains perhaps the most authoritative description of where China thinks its relationship with the U.S. stands, and where it’s headed. The title of the report is “The Great Global Transformation and the Path to U.S.–China Coexistence” and I provide a full translation of it in my article, the link of which is at the bottom of this post. To summarize briefly the most important - and, perhaps, surprising - aspect of the document: China's spy agency - the one institution whose entire job is to worry about the U.S. threat - has largely stopped worrying. That's really what transpires from the document. They use a strategic framework borrowed from Mao's "protracted war" theory and, according to this framework, America's offensive phase is finished and China weathered the storm intact. The question is no longer "how do we survive America?" but "how do we manage America?" - and they're proposing a six-step relationship recovery program. I'll let you read the full document as well as my analysis of it here: open.substack.com/pub/arnaudbert…

@chunshengzhang3 Oh, I just installed the latest version of Knots that includes RDTS. But is there some config I have to do to make it RDTS?? That wasn’t explained anywhere!

Run the latest version of Bitcoin Knots with RDTS/BIP-110 enabled because I support Bitcoin as a pure monetary network and oppose blockchain spam data abuse. By adding consensusrules=rdts to bitcoin.conf, you can help enforce a cleaner block policy。bitcoinknots.org

It’s a good question but to answer anything like this, I always throw it out to extremes. So I think we would both agree that by far the percentage of “economic nodes” would be small. Let’s say it’s only 5% of the entire network. That leaves 95% of the nodes out there are “pleb nodes”. Let’s say that all pleb nodes decided to run RDTS. Would it make a difference? If so, how? I mean it. Explain in your own words and understanding why it succeeds. If not, then don’t you think Bitcoin is a failure? That running your own node is pointless when it comes to enforcing consensus?

Can you settle an ongoing debate for me? A 50.01% node count for Knots, by itself, does not really force miners to point hashpower toward BIP 110 nodes, correct? Or said differently, node adoption only becomes meaningful if that adoption includes the economically relevant nodes and infrastructure; exchanges, custodians, payment processors, OTC desks, merchants, ETFs, and other major market participants. Ultimately, miners follow economic incentives. So unless the portions of the ecosystem that determine liquidity, pricing, settlement, and market recognition adopt the ruleset, raw node count alone would not appear sufficient to compel meaningful miner migration or hashpower realignment.

@btcdiaries21 @HaileyLennonBTC That's a very pretty pattern!

@HaileyLennonBTC We just dropped a new sun dress print! (Covered in pretty #bitcoin hearts) 🧡👗 thebitcoindiaries.com/product/satosh…

I’m no marriage expert but have you tried putting on a sun dress and telling him you don’t trust the government?

@btcdiaries21 @JenBartonDesign Ordered. 😃

Special request by @MarkOfBitcoin - Bitcoin Flip 100% cotton zip-up hoodie. Grab it here: thebitcoindiaries.com/products/bitco…

@taylorrobe79522 @PaulineHansonOz @au_energy_prod It's not. You talk to any business and tell them they will make 30% margin on the product they sell AAAAND not pay any tax on those profits, and see how many beat a path to your door for your product. And as an example, here is what Norway charges for it's oil.

@MarkOfBitcoin @PaulineHansonOz @au_energy_prod 70% seems very high.