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Michael Saylor says he’s paying bitcoin taxes, unlike ‘crypto-anarchists’ MicroStrategy CEO Michael Saylor recently defended his belief that large financial institutions will end up owning a large and ever-growing portion of bitcoin’s supply. In an interview that he proudly posted to X and YouTube, Saylor claimed that the Bitcoin network will improve as companies and governments displace “crypto-anarchists.” When asked about the risk of government seizure as third-party custodians hold more bitcoin on behalf of their customers, Saylor responded, “I think that when the bitcoin is held by a bunch of crypto-anarchists who aren’t regulated entities — who don’t acknowledge government or don’t acknowledge taxes or don’t acknowledge reporting requirements — that increases the risk of seizure” (emphasis in original). Saylor insinuated that institutions like BlackRock or MicroStrategy, unlike self-sovereign Bitcoiners, will reliably file and pay their taxes. The irony of that ...

Reddit communities unanimously decided to go private or in read-only modes between June 12 – June 14, protesting against the upcoming change that would prevent users from freely accessing APIs and tools. Numerous sub-communities on Reddit – including popular crypto subreddits – unanimously decided to go private for 48 hours as a way to protest against new company policies that prevent the use of third-party applications. In April, Reddit announced plans to modify the way users can interact with Reddit Data API, a seven-year-old application that enabled developers to create tool and utilities for moderation and other activities. Most subreddits retaliated the move as Reddit’s intention to build native moderator tools directly impacts the community ’s ability to create and use third-party tools – predominantly used for moderating the content and interactions. As a result, communities decided to go private or in read-only modes between June 12 – June 14, protesting against the upcoming c...

Currently, over two-thirds of voters on a Twitter poll said the missed inscriptions should be added at a later date instead of there being a retroactive reshuffling. A few solutions are being discussed to fix a code bug found in the Bitcoin (BTC)-native Ordinals protocol which has prevented over 1,200 inscriptions from being validated. While nearly every member of the Ordinals community agrees that these inscription requests should be reincluded, the community is debating whether they should be added retroactively or not. The bug came from the indexer function of the protocol only counting inscription s that were in the first input of a transaction submitted up to and including version 0.5.1 of the protocol. One prominent Ordinals member known on Twitter as “Leonidas.og” summarized the pros and cons of each solution in an April 10 tweet, coming a few days after the issue was first made public on April 5 by the GitHub user “veryordinally.” A bug was found in the ordinals protocol that ...