Replying to sms

No!

As I understand, 50% of bitcoins are held by Americans.

As long as they are forced to pay taxes on trading Bitcoin, it's not going to defund at least the most powerful government in existence.

And if there's ever any threat of their gangsterment being defunded by Bitcoin tax evasion, they shall simply confiscate all of it in ETFs and Coinbases for "national security".đź’Ż
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KiRaCoCo 7mo ago

I see your point, but Bitcoin doesn’t need everyone to use it as a protest for it to work as one.

It only takes a few, in the right places, at the right time.

It’s not a state weapon. It’s a tool for individual sovereignty.

ETFs and custodial platforms aren’t Bitcoin — they’re how the system tries to absorb it.

But self-custodied Bitcoin, in P2P networks, in collapsing economies… is already defunding governments.

It just doesn’t always make the headlines.

And that’s exactly what makes it truly dangerous to them.

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sms 7mo ago

Yours are just barnum statements - something that sounds like it means something specific, but in reality can mean different things to different people.

"Individual sovereignty" is a great example. No matter how much Bitcoin we have, in reality you, I and everyone about us can't even enter or leave any territory of this planet without permission of real sovereigns and their document that we are subjects of one or more of them.

Bitcoin is a financial mass surveillance network of unprecedented size.

It's biggest individual holders, such as Saylor, openly declare that they don't want individual sovereignty or defunding government and put their Bitcoin where local government can confiscate it on a whim, much less upon any defunding threat. They only want Bitcoin's fiat NGU tech, and so do most smaller holders.

In terms of a weapon against #government, #Bitcoin is most like a submarine with a mesh screen door.