Nostr

i agree. those that hold any sats when the repricing happens will become more powerful than the govt largely because they will be able to buy and sell without permission. if you don't think the wealthier bitcoiners can't handle this so-called govt threat, i think you're going to be surprised.

when gold was banned, the wealthy created loopholes to keep their stuff. now, they will just memorize their seed words. govts will cave to the new money.

William ₿ Travis 11mo ago

in my view, this is what the privacy people don't get. permissionless is greater than privacy.

the permissionless nature of bitcoin will strip away the ability of govts to enforce their rules. they won't have the resources left to track purchases, let alone enforce any consequence. privacy will be the defacto result.

nostr:note1mw3p29apln3nk8q5j9qrrh7j9240ncey4qegj8wkssyh5n6mh4vs8tyv37

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Discussion

Crazy Horse Malt Beverage 11mo ago

I hope you turn out to be right on this issue, because if not it's going to be a disaster for bitcoiners.

William ₿ Travis 11mo ago

I think we need to be optimistic. #Bitcoin is a winning hand.

Foxfire Mushrooms 11mo ago

Isn’t the main privacy concern mostly the KYC’d on and off ramps to the fiat financial system? So once more people start to earn bitcoin directly, it will become vastly more difficult to track anything to specific people?

William ₿ Travis 11mo ago

I think the main privacy concern has to do with control. the privacy people don't want to govt in their business. KYC will be impossible to enforce if the govt cannot afford to enforce it. people don't really understand how things are going to change once the fed is eliminated.