So under the premise that the word hyperbitcoinizes. And Bitcoin is the world currency in 2050. Big if, but lets go with it.
Know, a few of us have a lot of the whole Bitcoin supply and everyone else - the large majority of people came too late.
Wouldn't it be fair to assume the overwhelming majority of people would like to have these Bitcoin, right? 🤔
So presumably, what are my KYC free Bitcoin even worth if I can't reveal that I own KYC-free money at all?
Is this an actual scenario worth thinking about? Or is it a waste of time since this scenario could never come true?
Is the "in the spirit of Bitcoin" scenario of Hyperbitcoinization the only scenario? Is it 100%? Even if it is 99%, shouldn't we worry about the 1% scenario? Because 1/100 isn't nothing.
You have the wrong assumption that in a hyperbitcoinized world govs will still exist...
Just explain me how in the fuck people willingly will let anybody to rob their sats?
In a bitcoin world govs have no meaning.
Govs are for handicapped people that cannot govern themselves.
I did not ask about your opinion on this. I asked why you are so sure about this outcome
and I told you: in a bitcoin world govs have no meaning.
What does the word "why" mean?
A gov cannot function with bitcoin as money. WHY do you think they are pushing now all the narrative into "bitcoin reserves" bullshit?
Because they know its the end for govs and they just try to fool people into shitcoins.
Did you think the Citadel memes were a joke?
It doesn't matter what the money is, if you have resources when others are desperate for them you are target subject to overwhelming force.
Call that taxation or simply being ransacked by a mob, the result is largely the same.
Bitcoin is only a tool to sell or acquire your labor, your garden, your pantry, your solar generator and AR-15. Now posit for a moment that in the year 2050 the world is desperate for these real world resources. You may have these things to be sovereign or self-sufficient, but that means nothing when you're outnumbered 20, 50, 100, even 1000 to one.
If 2050 doesn't have real-world resource issues, then the incentives default to the same protections as today... as demonstrated with the unrealized capital gains psyops. The state is a tool for people with resources to coordinate beyond their own personal compounds and mire have-nots in process.
Bitcoiners will shape the laws just as oligarchs today do, this is already happening. Confiscatory/unrealized capital gain taxation would be no more or less likely than it is now. But if the conditions present themselves such that only Bitcoiners have real-world resources, then your Bitcoin is only worth what you can physically defend.
The state is just a Citadel at scale.
Appreciate this.
depressing
Why would you reveal your assets?
i can't pay with it if only KYCed payment methods are accepted.
It's your fault then, because you are not building a parallel economy based on bitcoin around you.
Don't try to adapt Bitcoin to existing systems, change existing systems to adapt to Bitcoin.
https://media.primal.net/uploads/4/a1/c1/4a1c1f21b52637f88f04cf11282e90880c7f6040265616b391ed9dfa61d17313.mp4
I'm doing my best. I can't do better than my best. 😆
this is your main problem: