Never forget bail-ins
I know we focus on money printing but bitcoin is even better insurance against a bail-in.
Discussion
Yes, I was just reading about bail-ins earlier today:
"Greece came within days in 2015 of having all accounts with €8,000 Euro or more “trimmed” by 30%, euphemistically calling it a “haircut.” The Bank of Portugal funded bail-ins of “senior bondholders” with deposit accounts in 2016. And nearly everyone who has been watching the economy for long looked on in horror when Cyprus raided all accounts overnight to fund a bail-in in 2012, proving that governments could and would help themselves to the money of the people. Depositors with over €100,000 Euros faced a 9.9% “one-time tax,” and smaller accounts were hit with a “tax” of 6.75%."
https://www.lewrockwell.com/2023/03/daisy-luther/the-fdic-is-planning-a-bail-in-with-your-money/
Can't imagine living through this and not converting everything into Bitcoin. Gov is suppose to serve us not the other way around 🤢
"Gov is suppose to serve us not the other way around" is a nice sentiment, but I now believe it's just the mythology we are told to get us to accept the scam.
It happens when your fiat has appreciated in value (temporarily). Either way, they're gonna rob you.