🚨 THE FIX ON BITCOIN AS A STORE OF VALUE INSTEAD OF MEDIUM OF EXCHANGE IS ALL ABOUT THE ABILITY TO TAX YOU INTO OBLIVION FOR NOT USING SURVEILLANCE DEBT COUPONS
Discussion
IF ITS NOT OBVIOUS ALREADY, IT WILL GROW INCREASINGLY MORE OBVIOUS NEXT YEAR.
A BITCOINER SHOULD KNOW BETTER.
No, money doesn't scale any other way. Collateralized coupons are how you use an asset most efficiently. Surveillance is up to you. Do you want a layer 2 coupon with a custodian? Then you've chosen surveillance. You use liquid or e-cash you have a multi-custodial model reducing surveillance. You use lightning you have the least surveillance and most control. Base layer assets can either be secure or a fast medium of exchange, not both.
HODL til legal tender
I've never heard the terms "surveillance debt coupons" or "collateralized coupons" as a synonym for fiat. I like it!
So cool we have no privacy on chain so the IRS has an easy job!