0 sats \ 2 replies \ @Solomonsatoshi 5h \ parent \ on: Bitcoin’s False Dichotomy between SoV and MoE - by Roy Sheinfeld, Breez bitcoin
Americans complied with order 6102 sufficiently for the government to capture and control the gold market.
People offered a government buyout will mostly accept it- the few that reject it may hodl but cannot use it legally...and if they have been KYCed they can be prosecuted.
Good luck with that. When the governments try to ban guns (and they try all the time) the prices of guns go up. People hoard them and buy buy buy. So is there some possibility of a 6102 type event and Bitcoin? Sure. However I think it's really really small. It's not practical.
What societies need, in my opinion, is some kind of legislative reforms through education to pass laws about cap gains tax, spending, MoE, and Bitcoin being legal tender. That way people will be comfortable spending Bitcoin day to day, probably through lightning and governments will just... get over it. And we can move on.
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Good luck with that- the legislative process is controlled by corporate bankers and their owned politicians.
Of course it can happen as it has in El Salvador and perhaps Argentina and some prvinces of Switzerland etc.
Whats required is citizens (like us) to really demand the right to use Bitcoin as a MoE from the politicians- it would restore a competitive market to the monetary market and lessen the degree to which governments and bankers can debase the currency without consequences- so Asian countries have fairly free and open gold markets and the same is needed or better with Bitcoin- unobstructed right to use Bitcoin as a MoE without the nonsense taxation for CGs.
It will not be easy given the degree of banker lobby power capture of our politics in most modern so called liberal so called democracies.
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