Replying to Avatar Hans Karlsborn

I think it will only prolong the path to hyperbitcoinization in the west. Bitcoiners will get hunted due to their status as ”a privileged class”

Marxists work that way.

Energy will be scarce and the bitcoin industry will get gutted.

The tax on unrealized gains will ruin bitcoiners who will have to sell bitcoin to pay taxes and then have to sell again to pay the taxes for the REALIZED gains they got when they sold to pay taxes on the UNREALIZED gains.

It is perverse, and I really hope that the people who continue to say that ”VoTiNg doesn’T matter” come to their senses, sooner rather than later.
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Chris Liss 1y ago

maybe but very hard to predict 2nd, 3rd, 4th order effects

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Hans Karlsborn 1y ago

Many bitcoiners will flee to better jurisdictions of course. Many wealthy people will have to too…

Maybe Argentina will become a powerhouse for real capitalism and innovation, if Milei doesn’t get murdered. Who knows. Maybe even Russia 🤷

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Chris Liss 1y ago

yeah, very hard to predict innovations that haven’t happened yet, people who haven’t yet emerged, etc.