Gustav: The default mindset among cypherpunks and sound money advocates anticipated an antagonistic relationship with the State.

Hayek said, "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."

Sentiments like this or the Cypherpunk Manifesto ring very true to us.

I will admit, I was recently seduced by the possibility of individuals within government recognizing the game theory advantage of early adoption.

I still believe the first major nation to embrace a #Bitcoin standard will gain a significant and durable strategic advantage.

However, indications of this happening in the United States appear to be weakening. The Harris Administration appears increasingly adversarial, casting it in the realm of criminal actors. They will absolutely attack it as a part of their capital control efforts as the dollar fails under impossible debt loads.

Although the ideal case would be for Bitcoin to become a third rail in politics, a single party embracing it would be better than nothing. However, it appears that even the Trump administration will run on affinity to Bitcoin in order to rug their supporters using crypto scams.

It is mentally stressful to step away from the possibility of global powers competing to accumulate a Bitcoin strategic reserve, embracing sound money as a long-term play for economic prosperity. I suggest you practice the outlook of the stoics for the short to medium term.

Now is not the time to pray for lambo. Study and use technology that enhances your personal privacy. Audit your custody setup. Consider a second passport.

Think hard about what level of personal sacrifice you are willing to make in order to gain economic sovereignty.

Many of us may have forgotten what we knew when we came across this technology. It will become a fight.

Bitcoin will win in the end. But the fight may become ugly.

image at https://x.com/Ragnorosis/status/1834556718828659155