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⚠️ DEBATE TIME, MAXIS! ⚠️

The debate isn't about Game Theory—it's about the uneven playing field that makes it irrelevant.

When the government seizes $14 BILLION in Bitcoin, you want to call it "custody failure" or "bad opsec" by criminals. I say that's a cop-out.

The mechanism of seizure (weak keys) is irrelevant to the power dynamic. The state used its legal and physical force to contain a massive portion of the limited supply. You are playing the custody game; they are playing the force-projection game.

If Bitcoin is truly unconfiscatable hard money, then why does the state repeatedly prove it can enforce containment and assert control over billions?

Custody issue, or fundamental political vulnerability?

#Bitcoin #Crypto #GameTheory #HardMoney #BTC #Maxis #Decentralization #Politics #TheStandard #Nostr

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Discussion

Contra 2mo ago

We’re already having a debate bro! Are we going on a new thread now? This is fun btw.

ภ๏รtг๏ภคยt 2mo ago

More opinions the better. Figured I'd open this conversation up to others aswell.

Very neat topic and discussion.

Fun indeed!

🤝💜🫂

Contra 2mo ago

Very well. Agreed. 🤝

₿ujuX 2mo ago

True.

Contra 2mo ago

The mechanism is the entire point.

Pre Bitcoin, governments controlled everyone’s money by default. They inflated supply, froze accounts remotely, and debased savings without needing to touch anyone.

Post Bitcoin, they have to physically find you, prosecute you, and extract your keys individually.

They seized $14B from a stationary criminal running a massive fraud operation. That’s not proof Bitcoin fails. That’s proof they can’t do it remotely at scale anymore. They need warrants, arrests, and physical access per person.

Unconfiscatable means they can’t take it without your keys. It doesn’t mean immunity from consequences if you commit fraud and stay in their jurisdiction. Those are different problems.

Cryptography made state power expensive and non scalable. That’s the win.

Dug 2mo ago

When the strong man stands and says no, they kill him and the coins are lost, the state will realise their power has limits.

BTC_P2P 2mo ago

If your keys are secured properly, nobody can control your UTXOs no matter how much power they can project. The keys have to be handed over. That’s the choice of the individual under pressure.

All fiat assets and anything where custody is outsourced can simply be confiscated by the state. Critical difference.

it's me, real fake 2mo ago

Part of this makes a case that the seizure is a result of weak keys.