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Rocking Lazy JM ranch
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160 acres in NW Montana focused on producing top quality meats for family and friends. My Threema ID: My Threema ID: https://threema.id/SF4ST2MM

Sure. That is possible. But I think they don't have enough guns if even a small percentage of people refuse giving up their seed.

Sure. But they have to prove you still have anything plus make you somehow pay. Just not possible.

Ya well I don't think they have enough RESOURCES to go after every cold storage wallet and even if they did, how could they find them?

Can someone please explain how the gove can come after self custody if BTC is in cold storage?

nostr:npub1e2au3sy7j8xjpe2pkh6fzrs43m82e9zh6rqxaavxy5fmhmjlcqzqyxulpz

The above npub is way underrated. If you think golf is boring this is for you.

#introductions #grownostr

True, but smart people don't usualy do things that aren't in their self intrest I think.

Honestly I don't know for sure if it is possible but I think there are a couple reasons it wouldn't work.

1- he would destroy the value in the BTC he holds

2- trying to corner a market like that is always a moving target. As you buy gold, silver or hash power or whatever the price increases at a rate that you can't keep up with.

This is of course assuming he was a bad actor but I don't think he is otherwise he wouldn't have invented it in the first place.

Well I don't think so because everyone knows there can only be 21mil, so the worst that would happen is that the price would fall for a limited time until the supply vs demand comes back to equilibrium and then we can all continue buying the top forever.

How does it matter. BTC doesn't get more valuable in fiat terms because 700 thousand hasn't moved. It gets more valuable because fiat is broken and there are only 21 mil BTC.