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Been listening to Balajis’ rationale for his $1M bet.

Agree with him on everything other than the timeline.

He has 3 pieces of advice:

1. Buy Bitcoin

2. Take coins off exchange

3. Move to a “crypto friendly jurisdiction”

A bit torn on his third piece of advice. On the one hand, yes, it might be easier for us all to move to El Salvador or Texas.

On the other hand, if enough Bitcoiners stay in their home jurisdiction and push for individual liberties there, we may have a better chance at Bitcoin winning worldwide, rather than just in a few isolated areas.

Open to any thoughts you all may have on this…

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Discussion

Avi Burra 2y ago

Agree with you on #3. I’d rather we fight the good fight in a geographically distributed way. That said, if life becomes unliveable for Bitcoiners in places like NY or CA, there might not be any other choice but to move to greener pastures

⚡A C V⚡ 2y ago

Fighting is a waste of time. This is market/anarchic forces in a nutshell.

We don't make them pay by validating and strugging to win the game they define. We make them pay by the exit option. If we don't exercise this option, as a culture/community, it might as well not exist.

We can do this with local ad-hoc circular and/or digital economy, but this will be hard in an unfriendly jurisdiction, and risky to a variety of levels. It's possible to do this, but the level of knowledge of operational security required to do so successfully grows exponentially large and means that as your advesary is more capable, your ability to use Bitcoin requires more and more capability to avoid severe consequences of confiscation, prosecution and death.

The 100% sure-fire way to avoid those consequences, regardless of your technical capability, is to physically leave, and remove your body from their direct authority.

Alan ₿ 2y ago

Follow up question: At what point would you leave your home to a more “friendly” jurisdiction?

What would have to happen for you to pick up and leave

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monk_cactus 2y ago

It would have to be full on disregard for property rights, active and concerted efforts to find bitcoin users, and disregard for the rule of law (ie taking them to court is rigged)

Modus 2y ago

Yes. I say stick around unless it gets too egregious. If you expect it to get too egregious for you, plan accordingly.

If you have people you care about living near you, do you really want to move far away from them right when everything goes to shit (which will be the moment when everybody wakes up)?

monk_cactus 2y ago

100%

I mean that’s the beautiful thing about bitcoin and it’s anti-fragility. They (govs) can just keep crying harder while the bitcoin economy grows. It’s first and foremost a dark market money.

If they realize they’re going to have to go full on evil empire to stop it, that’s when you bail. And like you said, best to have a plan for that before you need it

Sikto 2y ago

How could one ensure that the jurisdiction they are moving to would remain friendly? I have no idea whats’s going to happen a year from now, let alone 5 years.

Modus 2y ago

💯

Gerardo 2y ago

I guess if the place started infringing on my moral values

MattA 2y ago

I'm raising my boys in the same zip code that I grew up in.

I love it here. Bitcoin is global money.

MattKayBTC 2y ago

I’m a huge proponent of “go where you’re treated best”

HODLFast ⚡⚓ 2y ago

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Sivar 🇸🇻🌋⚡️ 2y ago

The thing is, places and leadership like in El Salvador are making the choice of staying for many even more difficult. It is not only Bitcoin been legal-tender or a free-tax paradise, but also the infrastructure, tourism, zero criminality (about to become the safest in the America Continent), food, people and weather.

I honestly do not see other places offering what El Salvador is doing under President Bukele’s leadership, at least in the short-run.

I bet you guys can help me out confirming this as you have experience this first hand.

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njelsalvador 2y ago

Everyone has their purpose and priorities.

Uprooting is not for everyone. It worked well for us. And our personal Bitcoin experience here is significantly better than if we stayed in NZ.

I don’t recommend anyone come here. People need to follow their WHY.

Building sovereignty, health, wealth can be done where we are. And these practices and sharing of knowledge are the important parts.

Balaji statement might cause more “tourists” to turn up. Which I’m not as interested in. The current level of person that comes due to the filter has kept quality high.

mchotbot 2y ago

Your post is getting a lot of attention.

Added to the https://member.cash/hot feed

Irrepressible 2y ago

Spot on. I'm not going anywhere.