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It's weird that the State regulates ownership of cars but not of bicycles. They probably want to regulate bicycles too, but for some reason they can't.

Bitcoin could be either a car or a bicycle -- depending on how easy it is to move it and pass it around?, or what?

MoneRogue 1y ago

Cars are only regulated because they are registered, which means when you register them, you give up ownership of your car to the government and specifically to the DMV. That's why they can issue you traffic tickets.

It's a similar situation with currency. Fiat is owned by the State, but Bitcoin isindependent.

Correct your status. Exit the system.

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Discussion

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

it's purely and simply because more business is done with cars than bicycles

so there's more money per unit of paperwork

Hazey 1y ago

Limited resources for extortion requires optimizing for greatest unit yield. Bikes don't make the cut

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

extortion be like dis

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

and yeah, i bet if the number of electric bikes rises enough to leverage this, they will start to regulate "fuer ihrer sicherheit" naturlich

Elephant in the root 1y ago

Thus don't register (KYC) your bitcoins.