Saylor’s comments on big bank #bitcoin custody are ‘batshit insane’ — Vitalik Buterin

101 on how gold was confiscated:

You had to turn it in for dollars by a deadline prior to dollar devaluation, and there were massive prison consequences for not turning it in, but little resources in terms of investigating who didn’t turn it in. That would be expensive. So it was fear based. Focusing on illegality and tail risks on edge cases more than enforcement on average.

Institutions had to comply immediately, since it’s all visible. So the government broke liquidity in the domestic gold market, which was enough for their purposes. Gold became a hard-to-trade illegal relic for those that held it.

If a small family hodled some extra bars for 40 years until it became legal again, they did okay.

But can the government track bitcoin in the 2020s better or worse than gold in 1930s for enforcement purposes? That’s the right question.

And don’t just think of confiscation. Think of 70% selective taxes and things like that. Far more within the current rule of law. That’s the sophisticated approach. Don’t take it. Selectively tax it by a lot.

Those are the politics to push against from a bitcoin perspective.

I love your reply so much.

💯

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So refreshing

Libby when you didn't stack bitties today

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in this digital landscape there are tribes within tribes within tribes within tribes

Bidenomics

You will find joy when you embrace pain.

You will find love when you embrace rejection.

You will find success when you embrace failure.

To get to the good stuff, you gotta go through the hard stuff.

I hope I get the credit for throwing these ideas out there lol even if I wasn't the first to think of it, let me the the loudest

I had drinks with a friend over the weekend and she was telling me how she's keen to move jobs, but her vesting period is coming to an end this year and she can access the stock compensation from the publicly listed company she works for, but it's only grown 8.6% over the 3 years since

But it got me thinking what if companies who wanted to retain talent put BTC into a timelock, you can see it on chain, you can verify its there and when you reach it you sign the multi-sig to get the funds

Thoughts?