bitcoin is going to drive secession (and not just in the US)
Discussion
Like Balaji's Network State thesis?
This coming straight after that clip of Senator Lummis and Altenburg, the US Gov is making moves against bitcoin all over the place.
How convenient spaceboi is calling it a weapon now. This administration hasn’t at all been speaking about weapons bans…
I think the optimal strategy is to pay lip service to the totalitarians at the federal level, but do everything possible at the state and even local level to sabotage their efforts and support bitcoin. the reason being that getting too aggressive too soon will invite violent pushback before it can be effectively resisted. if we wait long enough, they literally won’t have the budget for violence, and they will be preoccupied with the collapse of the social fabric in their cities.
Yes you are 💯 right.
I fucking love nostr; people have already thought this stuff through.
Not sure how much luck you’ll have in the US but I think you’ll get a few friendly states. I’m looking elsewhere for Bitcoin friendly jurisdictions but follow the US because it’s setting the tone.
Good luck at your local level 🤙
likewise 🤙
Hopefully
Think it’s more likely that miners fight the tax. Win in the Supreme Court if it goes that far - or every data center gets taxed. Goby’s big tech Allie’s get real angry when you tax their cloud data centers simply for operating.
*Govt’s big tech allies
that’s an interesting point. it does seem questionably constitutional to impose a tax on a private activity of a good that has already been paid for. the economic transaction in question is for “power” not “hashing”.
I realise, btw, that trying to be reasonable about this is probably the wrong approach, but it at least makes me feel warm and fuzzy.
no surprises. the government clearly chooses winners and losers and gaslights the public with façades of freedom. sadly the political calculus prevents a course reversal and instead pushes towards more centralized control. we will need to migrate and start anew. perhaps central america will be more palatable to the builders.