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Do they truly know how verifiable #Bitcoin is and how easy it would be to cause bank runs on all these etf scammers by exposing all addresses and #Bitcoin held? Once the float is sucked up, their games are over. Literally forever. At that point you have to pry the #bitcoin from us.

Bring it

Stephan Rinbaum 2y ago

OK, I am about to expose myself as a total n00b and probably be the first person ever to be kicked off nostr:

Since Bitcoin (or any blockchain related thing) is public, in that transactions, if not the exact holders of every wallet, can be seen by literally everyone, what is it's future for those in power? I hear about CBDC and CGDC, but are those non-blockchain forms of "digital currency"? There's absolutely no way, no how, that any government, much less one as powerful as say, the US government, is going to use any form of currency that would allow tracking by anyone outside that government. So how would that work? Some kind of super secret "private blockchain" that would immediate become the target of enemies and bored kids alike?

*puts hands over head* I'm just asking? what is the endgame here? I am an agorist but governments aren't going to just walk away and say "ooops, you got us, we'll go away now". And how would a "government digital currency" even work? just a bunch of fake numbers with NO blockchain? isn't that what we have now? :)

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Discussion

WasBuddhaMaybe 2y ago

Satoshi crafted #Bitcoin to be as resistant as humanly possible to govt interference. All they have is propaganda, the need for a manipulation and inflation immune currency is needed by everyone. The game theory is too strong. There’s nothing they can do besides try to outbid you and buy what they can. Or convince you not to buy it.

As far as transparency. Yeah, you can track activity on chain but you can’t track everyone. And there are plenty of ways to reduce the transparency of who bought it, while still being able to see where the coins are.

In the end, as far as govts go, their best play is to compete, mine and also attempt to collect tax revenue. But even the tax structures of different countries will court more bitcoiners and cause another level of game theory.

#Bitcoin is going to devour everything in its path, reprice the world and usher in an era of human flourishing unlike anything ever seen before. How long that takes is anyone’s guess, but it’s happening and it’s going to be faster than many anticipate.

El Salvador has already laid the country style blue print for how to side step dollar domination and destruction through inflation and take their country into their own hands. They will be the poster child for what poorer countries can and will do to completely reverse the damage done by the imf and manipulated central bank currencies. MANY will follow.

Saylor has done the same thing on a corporate level.. how that plays out will also lay the blue print for companies to put #Bitcoin on their balance sheet instead of holding war bucks. MANY will follow.

This is bigger than almost anyone understands. Buckle up.