Nostr

70% of the bitcoin is in the hands of private individuals. at a certain point, they will be more powerful than the government. you're probably right that govts will try to get the bitcoin out of the hands of the people, but once fiat is worthless or back on a commodities standard, the govt isn't going to be able to afford to use its money to oppress the people.

my view is that we are more likely to enter a golden age of free markets that generate wealth Venetian style than 1984-scale poverty and tyranny.

mewtwo the corn farmer 11mo ago

The price will run away too fast and they won't be able to catch the plebs.

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William ₿ Travis 11mo ago

my advice to plebs: learn how to make or grow something useful and get to know the bitcoiners who have more than a few sats.

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William ₿ Travis 11mo ago

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.