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After some quiet reflection, I’ve been pondering why some Bitcoiners view it as a positive thing that governments or entities like BlackRock are buying #Bitcoin on a massive scale. Isn’t that against the initial idea of #SatoshiNakamoto? Bitcoin was designed as a tool for individual #freedom, not for governments or institutions that monopolize violence.

What happens when governments or major asset managers hold a significant percentage of Bitcoin? Will they create "paper Bitcoin" markets like they did with gold to manipulate its value?

As a free thinker and defender of liberty, I firmly believe these actors should keep their hands off freedom tools like Bitcoin. It feels like they’ve realized #theyCannotStopBitcoin, so they’re now using YOUR money to hoard it—potentially stripping it of its liberating power.

#P2PBitcoin is true freedom. Once governments insert themselves, it becomes nothing more than "permissioned freedom." #NeverTrustTheGovernment to safeguard your #sovereignty. What are your thoughts?

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Discussion

Catesby 1y ago

Most people can’t be helped and yes, I think you’re right and they’ll create a paper bitcoin-backed currency like was done with gold. This currency will be used by all who are not actively stacking right now, which is almost everyone. And then, after long enough, some politician will come along a-la-Nixon, take us off the bitcoin standard, and we’ll be back to square one

deleted 1y ago

Inevitable that countries would adopt it. Bitcoin is for everyone, even your enemies.

What happens when governments or major asset managers hold a significant percentage of Bitcoin? They just hold a significant amount. 1 BTC is still 1 BTC.

Will they create "paper Bitcoin" markets like they did with gold to manipulate its value? They already did with the ETF, but as long as plebs keep withdrawing sats to non-custodial wallets, the jig will be up when there’s no sats left to withdraw.

The 4str0n4ut ⚡ 1y ago

I see your point—1 BTC will always be 1 BTC, and you’re right, this likely won’t affect non-custodial holders. However, I do think it could impact speculators who don’t truly understand Bitcoin’s essence. That said, I can’t help but feel concerned about the topic—it’s just in my nature not to trust the government 😂. We keep resisting 💪. Thanks for sharing your opinion 🙂‍↕️!

deleted 1y ago

Some only learn after touching the stove.

“Self-education is, I firmly believe, the only kind of education there is.” –Isaac Asimov

deleted 1y ago

Also, any implementation to prevent governments from using #Bitcoin will be used to prevent another group.

It’s like how they systems to prevent illegal immigration but also to prevent citizens from leaving. A cage is a cage is a cage. Humans don’t belong in a cage.

🇵🇸 whoever loves Digit 1y ago

They already manipulate the value with paper markets. That's a matter of brainwashing and having a big percentage of transaction volume under their control, not what percentage of all existing Bitcoin they have

Chef Tommy 1y ago

Bitcoin is for everyone, even for your “enemies”. Our best bet is to orange pill as much as possible; tell, teach, convince and support. Revolutions are slow then all of a sudden just like bitcoin. The Overton window will shift.

mbarulli 1y ago

Bitcoin is for everyone, including governments, no matter what we think.

Pretending that someone "keeps their hands off Bitcoin" is not very ... Bitcoin. 😉