Replying to Avatar L0la L33tz

Hate to be the one to shit on the Parade, but a Strategic Bitcoin Reserve *will* be built through confiscation and taxation.

Here's Senator Cynthia Lummis already hard at work to make it happen:

Cynthia Lummis teamed up with Elizabeth Warren to propose the regulation of Bitcoin under anti-money laundering and counter-terrorist financing laws to "combat anonymous crypto asset transactions".

Cynthia Lummis also re-introduced the Responsible Financial Innovation Act "inspired by Senator Warren", which introduces higher penalties for "crypto asset crimes", regulates "mixers and tumblers", and increases KYC requirements.

For the amount of time Bitcoiners have claimed to be of peculiar intelligence, you are all getting played *incredibly* hard right now.
4a
Deleted Account 1y ago 💬 1

At some point, a 100% unrealized gains tax will be applied to KYC-ed Bitcoin. It’s nothing new.

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stacktoshi 🚀 ∞/21m 1y ago 💬 1

How do you figure?

4a
Deleted Account 1y ago 💬 1

You gaining freedom means someone else losing control. Multiple governments have already floated the idea of unrealized gains tax. They’ll catch up that we’re not selling BTC, and will order to donate to the state more and more. Later in exchange for some new fiat credits.

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stacktoshi 🚀 ∞/21m 1y ago 💬 1

That's quite a zero-sum view of wealth. Me gaining freedom only means a loss for whoever has control over me, *and* whether or not that "perceived" control is still valuable to them (they can only really control me by directly pointing a gun to my head).

There was a point in time when control of others was the only truly valuable thing; the only thing that made you wealthy. Since Smith, we've seen a rapid departure from that power structure due to specialization and trade. Permissionless and borderless payments will only add fuel to that fire.

4a
Deleted Account 1y ago

Just four years ago, modern feudalism showed what it could do. Freedom tech will enable us to fight back, but the current trend is not geared toward more influence from individual self-interest. We are very much a niche that’ll face massive adversity.