Bitcoin makes it unnecessary for government to protect your wealth.

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Protects you from the government.

Is that what the government does "protect your wealth"?

Don't they steal you wealth and distribute it to contributors and allies?

#taxationIsTheft

How about through other programs like asset forfeiture or imminent domain?

I'm not seeing it.

The only real thing government offers is protection from violence through violence. Right now its cost effective for them to extort through the threat of violence, both subjects and opponents alike. Bitcoin will change this.