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Confiscations of the future versus the past………

Past Gold confiscation-bring in your gold because it is illegal for you to hold it………..

Potential future confiscations:

Government can simply take ownership of ETF’s for gold, and Bitcoin…………

🌽 in self custody is different…………
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Hurvajs Rumcajs 2y ago

- paper bitcoin remains legal, because it's just a number game in the "well regulated" fiat system, no real danger to the govts, they have unlimited power in this domain

- the real thing however, that's problematic in so many ways and the most wealthy bitcoiner OGs are the most dangerous to the govts too

So I expect increasing attacks on self custody and "direct" transacting in bitcoin (without KYC/travel rules etc.) While the door into the ETFs for pleb-sheep lured by an easy NgU game with no govt harrasment will remain wide open.

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B.O.P 2y ago

The long hanging fruit is to nationalize coinbase if they wanted to confiscate bitcoin. Going after tens to hundreds of thousands of Americans would be much more difficult