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Replying to Avatar Mark Harvey

Bitcoin is significantly the only proof of work asset; and it’s invention can’t be replicated.

It is of strategic importance that nation states adopt Bitcoin as a national reserve asset.

This is not a negotiation. They will need to embrace Bitcoin, or get dominated nations that do embrace it.

Unfortunately for them, nearly all of 19.3 million BTC are in the hands of private citizens who already recognize it’s importance.

Governments can either (1) forcibly seize BTC from private citizens, which is impossible, or (2) bid up the price of BTC until it reaches a price that we are willing to exchange our BTC for dirty fiat currency units.

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GrayRuby 2y ago

I don’t see them confiscating from individual citizens but other entities who knows. Miners, exchanges, funds etc.

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