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⚡️🇪🇺 ICYMI - European Central Bank President says Bitcoin will not be included in any EU central bank reserves.

"Reserves have to be liquid, reserves have to be secure, they have to be safe, and they should not be plagued by money laundering or other criminal activities."

https://blossom.primal.net/ee1082bdfb5c80152170a7b0f18a80e07f344b92309059cb5b09f86f9ebe127e.mp4

Javed AB 2mo ago 💬 2

I have a question, and I would really appreciate getting real answers, not junk.

Like most of you, I love freedom, and it is clear that freedom is closely connected to financial independence. We cannot trust governments, and we know that corrupt politicians keep printing money, which devalues existing fiat currencies. Because of this, Bitcoin seems like a wonderful solution.

Living in Germany, you often hear news about the government taking action against people who own Bitcoin. They might impose heavy taxes or require Bitcoin-related companies to work only with clients who provide personal data. Germany’s past shows that it does not have much moral integrity, and at the moment it is supporting a genocide. So if a state has no moral foundation, can we really trust it in any form?

If leading politicians have no morals, they will not hesitate to increase taxes on Bitcoin ownership to a level that discourages regular people from using it. They could even make it illegal to own Bitcoin.

I highly value Bitcoin and the idea of freedom, but if Germany or other corrupt governments make Bitcoin illegal, do we still have any options to work with it?

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Javed AB 2mo ago

This question is a real one. I do not think corrupt politicians will hesitate to make Bitcoin illegal. So, living in such a country, what can you do? Sure, you could move away, but if one country starts, others might follow. It is a very tough question. The main goal is to understand what options we would have if corrupt governments made Bitcoin illegal.

rewolf 2mo ago 💬 1

If one country makes bitcoin illegal, it makes countries where it's legal even more appealing to those who hold bitcoin. And people holding bitcoin are exactly the type of people those countries will welcome as immigrants. The EU will lose value-contributing citizens and will die even faster.

If one chooses to stay in a country that is clearly being unethical, and chooses to keep paying taxes, it's almost as if it's approval of those dirty "ethics". One staying in the country would either have to use non sanctioned markets/shops that accept bitcoin with non-kyc bitcoin, or continue paying taxes until you die.

The EU is forcing its best people to leave.

Javed AB 2mo ago

Love your reply. Please don’t get me wrong — I have no intention of staying in Germany or in any other unethical country. I fully agree with you that paying taxes in such a country means supporting corrupt governments.

The issue, however, is that I was thinking from the perspective of an ordinary person who might not have the financial means to leave.

Let’s say you have children going to school, a wife, other family members, and you’re just a regular worker who might struggle to find a job in another country where Bitcoin is legal.

So your assumption is that not all countries would unite to make Bitcoin illegal — that some would remain open to it and therefore attract Bitcoiners.

Sounds good. Let’s, inshallah, see what the future holds.