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137 sats \ 2 replies \ @justin_shocknet 10 Nov \ on: Is "taxation of Bitcoin at gunpoint" something worth worrying about? bitcoin_beginners
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.
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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.
depressing
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