991 sats \ 4 replies \ @clr 4 May 2023 \ on: Using Bitcoin has legal consequences bitcoin
People in the "West" don't have a spine anymore. I have become convinced of that since the "pandemic" fiasco. They are going to get royally screwed, and they will be happy.
"But I cannot spend bitcoin because it's a TaXabLE EvEnT." Well, if you are so scared of paying for a coffee with bitcoin from your non-KYC'd UTXOs (which you should have already), what are you going to do when/if the government bans bitcoin?
On the other hand, I expect that with persistent two- or three-digit inflation, the masses will quickly overcome that "moral/psychological" barrier you mention. But do what you have to do, regardless of what the masses think or do. Don't wait for the masses.
Thanks for the reply.
I was not talking about myself, but normal people that might have or not some bitcoin and their spending habits of bitcoin. This is the challenge.
You cannot tell a normal person, just go buy yourself some non-KYC'd bitcoin. A very good chance is that their onboarding will happen on an exchange which will require KYC.
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That's the point I am trying to convey. Instead of waiting for the normies and the politicians to "do something", do something yourself and arrange your affairs so that you are less affected by what the normies and politicians do. Then you will feel less sad or frustrated about how slow bitcoin adoption is going.
And, yes, you can tell normal people that they can buy bitcoin at a local meetup or with vouchers from azte.co or whatever. Most of them won't do it, but some might.
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Westerners (especially Americans and Britons) have been conditioned from birth to obey the Authorities, and to view anything other than blind, unquestioning allegiance to the State as unpatriotic. Ironically, Americans persist in believing that they are free and independent, when the opposite is true.
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You can sell them some peer-to-peer bitcoin yourself, though, after having them set up an initial self-custody wallet.
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