Oh, you think they can't tax you?
They can tax all custodial Bitcoins.
The can tax all KYC self-custodial Bitcoins.
They can lock out all self-custodial KYC completly or demand a tax when offloading
They will demand VAT on any white market crypto transaction.
On top of that they'll use their holdings ~ 10% to fractionally reserve CEX destroying BTC price discovery for years to come.
I appreciate hearing these perspectives. Last thing any of us can afford to do is be complacent
Number go up: #Bitcoin is a Trojan Horse | Alex Gladstein and Lex Fridman
https://www.youtube.com/watch?v=3xH1vBuDbBA
Number go up: Bitcoin is a Trojan Horse - Part 2 | Saifedean Ammous and Lex Fridman
https://www.youtube.com/watch?v=MTlBgS9Zshc
nostr:
A very scared person wrote this. The anxious mind defeats itself much more thoroughly than reality ever could.
I am not scared. I've been here for 15 years and went all in 10 years ago.
I am just a realist. That's also why I prefer Monero over Bitcoin these days. Too many pretenders in BTC.
The state financial system armed itself against the people. You'll need the best tools. Especially vsinxe the general public is still sleeping.
You are scared and defeated. Your ability to predict the future absolutely sucks just like almost everyone else. Making decisions based on anxious fictions doesn’t typically work out. I’ve heard many people pretend they’re realists when they’re just scared pessimists. Ever since I’ve been in Bitcoin scared people have been telling me the government would ban it, tax it, blah blah blah.
Those fictions you made up very likely will never happen. If they do happen in isolated nation states, Bitcoin is global. That fact makes effective totalitarian crackdowns almost impossible. Not sure why that’s left out of your “analysis”.
The individual can (and should) move out of jurisdictions if they implement the sort measures you outlined, canary in the coal mine.
If long-term trends continue the capital energy you have in monero (because you are scared and anxious) will be crushed when priced in sats and very likely none of your predictions will come true. Which would be a case of anxiety and overthinking defeating the individual who at one point was right. I’ve seen this happen so many times in my life already.
You seem yo be new then. In the early days we had vivid discussions of how states would attack Bitcoin. Little did we know that the fighting would shift from Bitcoin that they embraced to make it normie friendly and taxable to Monero.
What you seem to conflate. Predicting future events and recognising patterns that frame the future are different. Only because the first is not possible does not vmean the second doesn't work extremely well with certain probabilities.
