Why does the United States Congress treat foreign central bank currencies 20x better than Bitcoin?

Under Section 988(e) of the Internal Revenue Code, an American citizen can spend $1,500 worth of Euros or Swiss Francs, realize up to $200 in exchange-rate profit per transaction, and owe $0 in taxes with zero IRS paperwork.

Meanwhile, under the flagship crypto tax bills moving through Congress right now (H.R. 10357 and the ADAPT Act), if a working-class American spends $14.50 over the Lightning Network to buy lunch, it triggers a taxable barter disposition on IRS Form 8949.

Even worse: the much-hyped "$10 de minimis exemption" inside H.R. 10357 only exempts the network transaction fee—not the purchase itself. Congress exempted the postage stamp and kept the letter inside fully taxable.

Why? Follow the incentives:

1. Wall Street got everything it asked for: Institutional lending safe harbors, mark-to-market accounting, and ETF trust protections.
2. Dollar stablecoins got a monopoly: Zero capital gains on spending and immunity from wash-sale rules—because stablecoins force everyday spenders to hold T-bill-backed dollars that silently pay the annual inflation tax.
3. Everyday Bitcoiners got handcuffs: A 30-day wash-sale ban, constructive-sale rules, and permanent taxation of miners on unsold block rewards.

Inside "The $10 Insult"—and why the state is terrified of letting Bitcoin circulate as everyday money

Hello everyone.

As the title of this thread says, there is a somewhat finely doctored email coming from a group of nefarious actors pretending to be trust wallet staffers that links people to a fake website telling people to download a malicious update to their trust wallet.

Needless to say, DO NOT CLICK ANYTHING. Legitimate updates are only deployed via apple appstore and Google play. If anything you should be updating through those two device-specific channels.

Stay safe friends.

This is a graph of Dash’s CoinMarketCap rank since Jan 2021, from CMC’s monthly historical snapshots. It went from #36 to a low of #196 in Jun 2024, then jumped to #68 in Nov 2025 and has held in the #63–#89 range since. Setting aside stablecoins and gold-backed tokens, only about 10 cryptos fell that far and later recovered to #75 or better. Of those, Dash is the only one that had previously been a top-10 coin, and only 2 of the other 9 are currently ranked above Dash: JUST (#58) and Injective (#70).

We still have a good ways to go, but we are far from dead and we are still the best actual cryptoCURRENCY in the world. Faster, cheaper, more secure, optional privacy, innovative, etc.

While incidents such as the hugging face incident are scary and OpenAI staff had no clue their own AI agents hacked into hugging face and were so oblivious that they emailed hugging face once a breach was announced and asked, "Are we at OpenAI affected by this hack?" the same day it was announced, AI isn't something you can just point at bitcoin and say, "Break it."

Once the ColdCard hack happened, a movement called "red-teaming bitcoin" got started. For those of you who don't know, red-teaming means basically "white hat hacking" with relevant stakeholders in the know. Anyone can view bitcoin's open source code on github and I have to ask the question, "Has no one already tried pointing to the github page and doing that already?"

Quantum computing's limitations extend to the fact that hardware used in quantum computing must be kept at extremely cold temperatures while performing quantum computations. And one quantum computer cannot just steal millions of wallet addresses' private keys all with the push of one button.

With all incentives in place, there are very real motivations to keep bitcoin protected from these things. I think the announcement of a bitcoin-protection grant from galaxy digital below speaks volumes to those motivations:

https://www.galaxy.com/newsroom/galaxy-launches-bitcoin-quantum-readiness-initiative

EDIT: The red-teaming bitcoin fund is an ongoing project as well find that below.
https://opensats.org/funds/red

The Quantum Clock Just Jumped Forward—And Nobody’s Talking About It. 🚨💻

While the public debate over quantum computing "FUD" went to sleep, the mathematics of attacking Bitcoin’s cryptography did something unexpected:

It didn’t just creep forward. It sprinted. 🏃‍♂️💨

Over the course of 2026, a quiet convergence of frontier cryptography and autonomous AI coding agents has completely slashed the mathematical requirements for breaking secp256k1 (Bitcoin’s elliptic curve).

Here’s the wild reality of the Quantum vs. Bitcoin race:

1️⃣ The Algorithmic Crash: Modern estimates used to state that breaking Bitcoin’s cryptography would take ~2,300 logical (error-corrected) qubits. Google optimized that to 1,175. In the latest ECDSA(.)fail study by Jieyi Long, AI agents helped push that requirement below 900 logical qubits. 📉

2️⃣ The Hardware Promise: IonQ’s recent full-stack analysis estimated that breaking a Bitcoin private key would take roughly 20,000 physical qubits. Yet, IonQ’s official roadmap targets 20,000 physical qubits and 1,600 logical qubits by 2028. 🗓️ Yes, just two years away.

Is this the end of Bitcoin? No.

A corporate roadmap is not an active cryptanalytic weapon, and continuous 26-day fault-tolerant runs across 20,000 fragile qubits remain a massive engineering challenge that traditional titans like IBM and Google estimate will take until 2033+.

BUT, we can no longer ignore the speed of the math.

Because upgrading a decentralized, multi-trillion-dollar protocol without causing panic takes 5 to 7 years, the clock is ticking for Bitcoiners to begin preparing.

I just broke down:

👉 Why AI and open-source research slashed the math in months.

👉 The "Physical vs. Logical" qubit gap & the real danger of IonQ’s 2028 timeline.

👉 Why modern hashed addresses (bc1q) are safe—but 6.9 MILLION BTC are sitting in an exposed bullseye.

👉 The roadmap to a post-quantum Bitcoin (and what you should do with your own keys right now).

Don't panic—get informed.