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From: Mild Shock <janburse@fastmail.fm>
Newsgroups: sci.physics
Subject: BTC net is restructuring over time (Was: China doesn't have some BTC)
Date: Sat, 8 Mar 2025 11:11:08 +0100
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Hi,

Some BTC net restructuring seen. This is
constantly happening. Data center providers
can afford to have a turn over of their

infrastructure. Applies also to data centers
that have a share of BTC nodes. The same
web site shows me:

Pv4: -2.6% / IPv6: -7.1% / .onion: +2.4%
https://bitnodes.io/

Don't know what the scale is, over one year?
Also don't know what the implications are for
the life time of BTC.

My speculation it will go to 30'000.- USD or
3'000.- USD. On the trading side via captial
rotation. On the infrastructure side,

by simply abandoning BTC nodes. Many hard
core Bitcoiners ignore that this continuious
restructuring is part of the BTC infrastructure,

and if it follows economic principles, it might
quite well get rid of BTC nodes all together,
like an automatic garbage collection.

Bye

Mild Shock schrieb:
> Hi,
> 
> China doesn't have some BTC. At least
> offcially they only have like 145 BTC nodes.
> Not counting the dark net, country unassigned
> 
> nodes, which has most of the BTC nodes.
> The most official nodes are still split
> between USA and Germany:
> 
> 1    n/a    13937 (65.80%)
> 2    United States    2073 (9.79%)
> 3    Germany    1205 (5.69%)
> https://bitnodes.io/
> 
> So how will USA use the strategic BTC reserve
> to trade with China. Oops, my bad, they don't
> want to trade with Chian, tariffs.
> 
> Ok, got it...
> 
> Bye
> 
> BTW: Bitcoin currently 86'000.- USD. My speculation
> it will go to 30'000.- USD or 3'000.- USD, which
> makes it not a good reserve.
> 
> Mild Shock schrieb:
>> Hi,
>>
>> Every weekend bitcoin is crashing:
>>
>> ca. $98'000 Bitcoin Exchange rate (02.02.2025)
>> https://coinmarketcap.com/currencies/bitcoin/
>>
>> Thats the perfect Bitcoin gradual rug pull.
>> During weekend the whales are disposing of
>> their Bitcoin. During the week, when the
>>
>> other stocks markets are open, idiots are
>> buying Bitcoin via ETFs.
>>
>> LoL
>>
>> Bye
>>
>> Mild Shock schrieb:
>>> Hi,
>>>
>>> They are plannig to apply some averaging:
>>>
>>> On 1 January 2023, most of the provisions of the
>>> Revised Company Law will come into force. The
>>> resulting changes in tax law now make it clear
>>> that the functional currency is decisive for
>>> tax purposes.
>>>
>>> In addition, it is now stated that the taxable profit
>>> in Swiss francs is to be determined at the average
>>> (selling) exchange rate of the relevant financial year
>>> and the taxable capital in Swiss francs at the (selling)
>>> exchange rate prevailing on the balance sheet date.
>>>
>>> As a result, balance sheet items translated at historical
>>> rates in the annual financial statements presented in
>>> Swiss francs become irrelevant. While there was
>>> previously a certain degree of discretion in the exchange
>>> rates used, the exchange rates published by the
>>> Federal Tax Administration will now be binding.
>>>
>>> https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/ 
>>>
>>>
>>> So basically you have two exchanges rates one
>>> for income, and one for substance.
>>>
>>> Mild Shock schrieb:
>>>>
>>>> Swiss bank or a Swiss National bank is allowed
>>>> to use any currency. You can even file a Tax
>>>> declaration in any currency now.
>>>>
>>>> They simply don't care anymore about currency.
>>>> I know EUR is possible, maybe BTC is also possible?
>>>> You can use anything that has a market value
>>>>
>>>> each end of year? See also:
>>>>
>>>> Corporate Law Reform 2020
>>>> https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/ 
>>>>
>>>>
>>>> Physfitfreak schrieb:
>>>>> What happens to Swiss banks when USA sanctions Dollar and Euro 
>>>>> transactions with Europe. What if BRICS won't accept you in?
>>>>
>>>
>>
>