gm NOSTR ☀️
Here's why you CAN'T trust gold during hyperinflation!
https://video.nostr.build/7d6e4b0ee29e47f8a16619d7709213d7683de7d0f78a5c36c70488d66abbd85b.mp4
Discussion
The thing is, the threat they used against gold can be used against Bitcoin too.
They can't steal your Bitcoin, sure, but th y can throw you in prison until you give it up.
Kinda the same with gold if you hide it somewhere.
The realistic only difference is you can hide Bitcoin in your brain.
this is why we need better Bitcoin privacy tech
You mean, like monero? FCMP is going to change everything in regards to privacy IMHO. Good things are coming.
That’s an effective little clip at explaining EO 6102
I miss your cricket videos 😢
History tends to repeat. They did before, they will do it again.
Any KYC bitcoin would be trivial to seize if Feds show up at your door.
Correct. That's why you don't KYC.
So it’s really a KYC issue not a gold or bitcoin issue
Implication is not equivalence. If you're suspect for holding either the outcome of a search may be different.
Also bitcoin is easier to obtain anonymously.
multisig with an anonymous third party
gl feds
How do you see this playing out if they know you have bitcoin, but you refuse to give it? It’s not really a gold vs bitcoin problem, it’s a KYC problem
you can give them a key, but that doesn't imply you know or have access to the other keys
5$ wrench attack doesn't work if the other people in your multisig aren't under obligation/won't cooperate
Governments don’t do 5$ wrench attacks. If you have an asset they don’t want you to have you either give it or they will imprison you or worse. So whether it’s gold or bitcoin, preventing a hostile government from getting to you is only about being private
imagine I have a multisig with 2 people in a country without extradition to the US or other applicable country.
how would you get the other keys?
