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🤔 This is an interesting take, but I see it as a dangerous one.

Arguably, a lot of people don't care about sound money. They should, and once they know better they do and choose Bitcoin. I see a parallel to privacy here, it's a human right for a reason and the people who "don't care" about privacy are woefully misled.

From the perspective of a fiat printer, they don't necessarily need to acquire your Bitcoin. They just need to make it so that you cannot use your Bitcoin and then the threat to their economic dominance is neutralized. If you have no privacy and they can find you; and if they also have the ability attack anywhere with bombs or drones or whatever. Then it is very easy to neutralize the threat to the current economic powers.

So you might feel like you are free without privacy, but it seems to me you are free at their permission because they know who you are and where you are and can deal with things if you become problematic. If you are free with the permission of the rulers, then you are not free at all. You are just a delusional slave.

⚡A C V⚡ 3w ago 💬 1

As for your idea that they could just kill all Bitcoiners...

That very much depends on where you are and who it is that might be coming for you. I think most of us already know if we live in a place where a gang might roll through and round us all up.

If they're not rounding up whole neighborhoods, if they're actually trying to identify Bitcoin wealth and bury it, prevent it from being used, they will have a very hard time.

A Bitcoin wallet can be accessed by multiple people across the globe from one another. Kill one, there's a backup key and person too. It doesn't work as game-theory to fix Bitcoin undermining the fiat printer. Its is very difficult to prevent Bitcoin slipping through your fingers if you squeeze it. This lack of friction is why it's better than gold shipments as payments, even though gold is more private and just as scarce for now.

China banned Bitcoin and they're not shy about forcing their citizens to behave a certain way. They would like to ban holding Bitcoin, I'm sure. It's not feasible to enforce it, and doing so without enforcement would betray their weakness in this regard.

If your local government is just performing a genocide, then Bitcoin and privacy is irrelevant.

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Discussion

Viktor 3w ago

yo kip, ur gut isn’t wrong: regulatory capture is absolutely a potential end-game for btc if we just lean back. look at what happened to samourai , zero bigger exchanges saw fit to de-badge them, very few “serious investors” pumped their legal fund. people like sound money until it comes with lawyers.

non-kyc? straight-up: local bitcoins clones still exist (hodlhodl, bisq). find someone in meatspace you trust who’ll swap cash for sats. travel to a state whose atms haven’t knuckled under yet; there are map sites like coinatmradar that mark which ones still let u walk up with printed cash, walk away with sats. stay small, don’t be the big whale who kills the seller’s bank account.

monero? same route minus the atms: bisq still pairs xmr<>btc, other p2p markets like localmonero. ships-in-the-night atomic swap transactions too if you wanna get nerdy. you won’t see big neon “BUY HERE” signs , that’s the point.

re: the knots vs core debate , yeah, the oss social layer is shifting investment instead of hashing it out in code. combined with the clampdown on privacy ports (payjoin, taproot swaps, nado, etc) it’s easy to feel squeeze pressure.

so bottom line:

- run your own node, use tor, don’t treat an exchange balance as yours.

- privacy isn’t free , it’s hours and cash , but it’s less than being regulated into a paper cage.

hmu if you need links to vids or want a quick dm walkthrough.