Got me thinking as I have an unchained Ira…
Hmm.
I wanted more bitcoin but no easy way to do it and I didn’t want to pay penalties
Discussion
#1 only makes sense if you assume no retirement fund. In this case getting into Unchained in self custody is superior to leaving funds vulnerable to government looting.
If things get as bad as I think they will you’ll most likely outlive the regime anyway. But will your savings? Big question.
Everything in history tells us that governments move to confiscate real wealth once they are broke. I don't see how there *wont* be confiscatory claims against #Bitcoin in retirement advantaged accounts. Unfunded liabilities will be slashed and then funden. The question is how.
If you hold the keys how will they confiscate? It’s not a guarantee they won’t try but it makes it way more expensive to tyranny vs any other retirement account.
Everyone should still be stacking as many Sats as possible preferably Non KYC.
They cant confiscate your #Bitcoin if you hold the keys, but they can and will levy a claim of confiscation, persecuting those who fail to comply.
Yep they’ll stoop low
"The total amount of gold confiscated due to Executive Order 6102 in 1933 was 2,665 metric tonnes of gold."
It wasn't confiscated by force, but surrended willingly after claims levied by the State.
Bitcoiners don't like to admit it, but confiscating gold from 100s of millions of people is also too expensive. The State relies on compliance through fear.
Think they wont use fear with Bitcoiners?
I don’t capitulate
If they're coming after us like that then shit has really hit the fan. The non BTC holding normies are super fucked. I'll take self custody sats in any account over not having any or being scared to get an unchained account because of the muh govt.
I don't know about you but I'd rather not have a broke sovereign knocking on my door. 😂
