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Cleveland Bitcoin
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Official nostr acct for Cleveland Bitcoin Advancing Bitcoin in the Greater Cleveland area

Getting high on his own supply apparently

Amazing!!! Thanks for the heads up. Will send to the group chat for sure.

Transparency is powerful.

We just had an anon reach out to us on our website needing urgent help. Says he bought $5k worth of bourbon using BTC from a supplier who claims he never sent the funds.

We pulled his transaction ID and confirmed the transaction went through 15 seconds after he sent it. Proved exactly which address it came from, where it went, timestamp, and amount.

Keep em honest.

Replying to Avatar L0la L33tz

So the Trump's 'crypto* EO is out, and I'm seeing lots of weak bitches cry that its a shitcoin reserve.

Given the fact that the proposed digital assets stockpile would possibly be built on *seized* coins, let me give you a quick introduction to forfeiture law, and why crying for daddy to please please make its pile of flying horseshit "bitcoin only" *literally* the most retarded thing you could be wishing for, ever.

Forfeiture law – or civil asset forfeiture, to be precise – is this fun little game the government plays in which it does not have to accuse you of a crime to confiscate your property.

Instead of accusing you of a crime, the Government claims that the asset itself has facilitated a crime, and can therefore be seized by the Government.

In civil asset forfeiture, there is no innocent until proven guilty. To get your property back, *you* have to prove that the Government is wrong – which turns out pretty complicated seeing how its impossible to prove a negative.

Civil asset forfeiture results in cases that are not filed against a person, but filed against the property itself. This results in fun little cases like US vs. Binance Account XYZ, or US vs. 123 Wilmington Drive.

To extend this idea to Bitcoin, in a civil forfeiture case, the US Government is in theory able to seize *any bitcoin* that has *ever* come out of a criminal transaction.

Made some bitcoin for selling a service? Bought some bitcoin on a P2P exchange? Unless you checked that the UTXO you received has never touched a criminal transaction in its entire history, your coins can be confiscated, and there's pretty much nothing you can do about it.

As Cato Institute points out in its piece on civil forfeiture reform, forfeiture law is routinely misused to enrich the Government – Philadelphia, for example, has seized over 1000 homes, over 3000 vehicles, and over $44M in cash over an 11 year period. In 2010, the city tried to seize *an entire fucking house* because a woman's grandson sold less than $200 of weed out of the basement.

If you think that taxes are bad, civil asset forfeiture is straight up evil.

It doesn't matter whether you participated in a crime. It doesn't matter whether you know that someone else participated in a crime. If it involved your property, even if said property was fully legally acquired, the Government will come and take it.

Civil asset forfeiture is the most insane Government funding technique that is out there, and you most definitely do not want this declared as a strategic means to pump the Government's bitcoin bags.

You are *literally* asking the Government to steal your coins with a practice that *every* libertarian advocate wants to see abolished.

Okay so civil forteiture is a problem. Worth tackling going forward.

But the outcey at the moment isn't whether there should be a reserve/stockpile or not. The EO has been signed so its a thing, like it or not. My question is, why would a crypto reserve be preferable over a bitcoin only reserve?

In both instances bitcoin is still subject to civil forfeiture. But one scenario is legitimizing shitcoins and scams while the other is recognizing hard money.

If the question is reserve or no reserve, I see your point re: civil forfeiture and thats certainly worth a conversation and education. But the outcry is having chosen crypto over bitcoin.

Does your group have a nostr acct? If so let us know your npub and connect. We're stronger together.

Thanks everyone for coming out to the 100k steak dinner!

Was an amazing time with some incredible Bitcoiners.

For tonight's 100k steak dinner

Hrmm... good question. Will look into it...

This is why local meetups are so important. A brotherhood of bitcoiners experiencing the same journey. If there isn't a local group near you, start one! I can almost guarantee there are Bitcoiners near you. You're not alone!

Bitcoin is better IRL

💯💯💯

All it takes is one person to take the initiative. Dont wait for someone to do it for you. Proof of work - be that someone.

There are so many "silent bitcoiners" out there quietly hodling. By finding other bitcoiners local to you, you build a community and brotherhood of support. In the coming days, as we continue down the cycle towards "then they fight you" it will become increasing important to have like minded people you can lean on and turn to.

It won't come from corporations, government, NGOs, or anything else like that. A bitcoin standard starts at home, with the plebs. This is how a future full of connected Bitcoin Citadels are created.