pstarfush retweeted
Capitalism started in 1602 in the Netherlands with the world’s first stock exchange.
Capitalism just died in the Netherlands in 2026 with the first unrealized gains tax.
Neofeudalism is here.
We are all serfs now.
NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work.
Here is a more detailed example:
Step 1. Starting position
You own 500 shares.
Value on Jan 1, 2028: €50,000
Value on Jan 1, 2029: €100,000
So the paper gain is:
€100,000 − €50,000 = €50,000 unrealized profit
You did not sell. But for tax purposes, that €50,000 is treated as income.
Step 2. Apply exemption
You are married, so you get a €3,600 exemption.
€50,000 − €3,600 = €46,400 taxable amount
Tax rate: 36%
€46,400 × 36% = €16,704 tax bill
That bill is due in May, even though you never sold anything.
Step 3. Market falls before you pay
Now suppose by May the shares drop in value.
New total value: €60,000
So your portfolio is no longer worth €100,000. It’s worth €60,000.
But the tax bill is still €16,704, because it was calculated based on the January 1 valuation.
Step 4. You must sell shares to pay tax
To raise €16,704, you sell part of your shares.
After paying the tax, you’re left with:
€60,000 − €16,704 = €43,296
Originally you had 500 shares.
Now you have 360 shares left.
You were forced to sell 140 shares.
140 ÷ 500 = 28% of your shares gone.
Step 5. What happened economically?
Before the correction:
Paper gain was €50,000.
After the correction:
Portfolio is worth €60,000.
Original cost basis was €50,000.
Real gain is only €10,000.
But you paid €16,704 in tax.
So instead of being up €10,000, you are now:
€43,296 − €50,000 = €6,704 below your original starting value.
You turned a €10,000 real gain into a €6,704 net loss.
And you lost 28% of your shares permanently.
pstarfush retweeted
The Netherlands once built the first stock market, pioneered global trade, and defined modern capitalism.
Today? Taxing unrealized gains at 36%.
From inventing financial innovation to penalizing capital formation.
The mighty don’t fall overnight, they regulate themselves into irrelevance.
pstarfush retweeted
We’ve been starved of real.
Real money, real food, real purpose, real everything.
Truth matters. Integrity matters. Principles matter.
We need to get back to real. That’s the revolution.
pstarfush retweeted
They're spelling it out.
The changes in Core v30 make it easier for them to "Enable new forms of crowdfunding, staking, and digital economies on Bitcoin L1."
Make no mistake, this is shitcoining, and it is a net negative to Bitcoin. Any "use case" that isn't making sending and receiving sats cheaper or more private IS an abuse case. They all make using Bitcoin as intended—i.e., as a medium of exchange across space and time—more expensive.
And no, there is no proof that the change will lead to "less destructive" shitcoining. What's more likely is that it will lead to more shitcoining.
Resist it by any means you can!
Run @BitcoinKnots, or at least don't upgrade. And, perhaps most importantly, call out scams whenever you see them.
The shitcoiners are running out of gullible morons to scam. "Crypto" is dead. That's why they now have to find new fools in the Bitcoin space.
Bitcoin is perhaps the most important software project in human history. Defend it, ffs!
🔥 Bitcoin Core v30.0 just opened a new era for metaprotocols on Bitcoin.
With this update, OP_RETURN removes the 80-byte limit, allowing multiple data fragments to be emitted within a single transaction.
Plus, the minimum relay fee is reduced to 0.1 sat/vB, making it cheaper to store and execute data directly on L1.
What does this mean for the #Atomicals ecosystem and the AVM (Atomicals Virtual Machine)?
👉 The AVM will benefit directly by being able to:
Execute more complex contracts directly on Bitcoin, without relying on external layers.
Process multiple operations within a single transaction, reducing costs and increasing efficiency.
Enable new forms of crowdfunding, staking, and digital economies on Bitcoin L1.
Example:
A crowdfunding protocol built on AVM could now store all participation, validation, and result data within a single Bitcoin transaction, thanks to the expanded OP_RETURN capacity.
@bitmetabtc and the entire #Atomicals ecosystem are right at the inflection point where Bitcoin becomes a programmable layer without losing its L1 purity. 🔶
#Bitcoin #AVM #Bitmeta #Atomicals #ELECTRON #arc20
pstarfush retweeted
Something Bitcoiners need to remember with OGs, is that they are mostly filthy stinking rich.
We’re talking multiple passports, homes and retreats in several countries, and every luxury you can imagine.
If Bitcoin fails, they will be entirely fine.
But for you, and the rest of the world, Bitcoin failing means being defenseless to economic attack via inflation, as we slide into totalitarianism.
Don’t let how comfortable some OGs have become shape your understanding of the threats to Bitcoin.
Spam or no spam, it’s all just a bit of fun to them. It’s life or death for you.
In the end, no one is coming to save us.
If we don’t defend the properties that make Bitcoin a bulwark against dispossession, no one else will.
pstarfush retweeted
🧵Let's talk about Marxist Inversion in BTC:
This is a thread on my observations of the core versus knots debate as an outsider.
Every organization, company or institution WILL have to contend with those that try to invert its original purpose (Marxists).
To understand why I call them that you must let go of the idea that Marxism exists only as a political system and see it instead as a worldview.
Marxism can exist in your bookclub your Pilates group or your Tech startup.
The motivation is simple:
The established order allows for little personal advancement.
1/13
pstarfush retweeted
Bumping this up:
Here are Zimbabwe's stock market returns for the last 5 years:
2019: 57%
2020: 103%
2021: 312%
2022: 87%
2023: 449%
2024: 903% (ZWL currency)
One would think Zimbabwe is the new bastion for growth and innovation in the world after looking at these numbers.
One would be wrong.
Here is Zimbabwe's M2 Money Supply growth numbers over the same period.
2020 - 475%
2021 - 131%
2022 - 250%
2023 - 710%
2024 - 692%
The vast majority of index returns are a function of money printing and currency devaluation, not productivity growth.
The S&P 500 when priced in Gold made almost no returns from 2004 to to 2020 yet when priced in US Dollars has grown at a CAGR of 7.8% during the same period.
Over that same period the USD money supply expanded at 7.33%.
These are not a series of coincidences. Most of the returns of the stock market aren't because stocks are getting more valuable, it’s the currency getting less valuable.
pstarfush retweeted
My grandparents worked for 50 years, saving their entire lives in a bank account. In 2020, politicians shut down the world and printed 40% of the money supply, wiping away 20 years of their savings.
pstarfush retweeted
The Bitcoin Price has gone up 7 orders of magnitude in 15 years.
When historians look at this, they won't see bull or bear markets - just straight, instant adoption of hard money as soon as it was invented.
pstarfush retweeted
Bitcoin capital gains taxes are absurd!
You didn't "gain" anything! You used a more truthful unit of account.
pstarfush retweeted
People need to stop trying to dress up attacks on Bitcoin as "debates". That implies there are two legitimate "sides".
There is no "debate" around OP_RETURN. There is an attack, and it must be fought.
