White

I stand corrected. Feelings will have to be hurt. The Malbec and Syrah are good but the Estate Pinot is my favorite by far.

All the wine in my house is Peony Lane except one bottle of mead my friend made. Maybe I will do a wine tasting between the Malbec, Syrah and the Estate Pinot. The only problem is I like them all and if I pick a favorite they might get their feelings hurt.

I and many others deleted our X accounts and joined Nostr for freedom of speech without fear of cancellation. I use to listen to Wolfs of all Streets on X spaces but the platform for streaming it’s a hot mess that drops people, can take hours to set up and frustrating to the listener and the streamer. I hope more podcasters come to Nostr because I’m never going back to X.

Hi Jack, Love the idea of a Strike credit card, backed by Bitcoin, for my day-to-day expenses that I pay off each month. I am particularly interested in a cash rebate paid in Bitcoin because I understand a rebate is generally not taxable upon receipt. Would Strike consider this and will Strike also provide fraud protection with the credit card? Currently, I have a traditional credit card that gives me 2% cash back on all my purchases, which I then use to buy Bitcoin each month. I was looking at the Fold card, which offers a 2% rebate paid directly in Bitcoin. Having a Bitcoin rebate would eliminate the step of purchasing Bitcoin and is generally not a taxable event upon receipt because the IRS considers it a rebate. This setup also forces me to DCA into Bitcoin monthly, and since selling the Bitcoin is a taxable event, it discourages frivolous spending. I also appreciate the idea of earning interest on fiat that is loaned out to users against their Bitcoin collateral but the interest received is a taxable event. Ultimately, I would prefer to transact primarily with Bitcoin and convert all my fiat into BTC each month. The interchange fees you receive from the credit card companies and the spreads on Bitcoin would be more than the cost to provide the rebate and allow Strike to stack more Bitcoin. A credit card is essential for day-to-day purchases so that you're not selling Bitcoin to buy necessities like groceries and gas and a Bitcoin rebate would allow the card holder to stack sats and increase their collateral on their Bitcoin backed loan.The card also has the benefit of fraud protection which is essential in today’s world.

Will try to get a bottle of Satoshi Reserve and celebrate.

Jack, this was your best episode yet. Everything you said was spot on. I’m not sure what scares me more. Our dependence on China or the fact that the US literally can’t fix the mess they created in less than a decade.

I’ve come to believe that Satoshi’s vision isn’t just about embracing Bitcoin — it’s about believing in ourselves and working to make the world a better place before we leave it. I run a Bitcoin node and dollar-cost average into Bitcoin when I can, but I’m still reliant on the fiat system to pay my bills and support my family. Bitcoin gives me hope that the future can be better for everyone. I just need to tune out the noise and focus on what I can do to leave the world better than I found it. It’s easier said than done, but I’m committed to the cause and will keep grinding until fiat is no longer necessary — in my life and in the lives of others.