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I am concerned that a significant portion of the Bitcoin community is more interested in state adoption of Bitcoin than in the separation of money and state. This is a dangerous trend, as it could lead to Bitcoin being co-opted by governments and used to further their own interests. Bitcoin was created as a way to free people from the control of central banks and governments, and it is important that we do not lose sight of this goal.

jimbocoin 🃏 2y ago

> “…it could lead to Bitcoin being co-opted by governments and used to further their own interests.”

Fortunately, Bitcoin is not co-optable by governments. Unfortunately, it will take people a long time to internalize this.

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Discussion

Michael Matulef 2y ago

Correct.

The state cannot control Bitcoin, but it can tax Bitcoin users at a higher rate. It just needs a big enough crisis to justify doing so.

jimbocoin 🃏 2y ago

Let the tax migrations begin!

tha finga 2y ago

I understand that point, but do you believe that REAL bitcoiners will allow themselves to be taxed? I don't know that they will. There will be some that are weak, and subservient, but I think the vast majority would fight. Just in my opinion.

Michael Matulef 2y ago

I believe that most people would rather comply with a robber's demands than risk injury or death by refusing.

tha finga 2y ago

I understand that point, just don't think it's going to be that easy for them. Same as going door to door to take guns. They know it's not that simple.