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0 sats \ 2 replies \ @Solomonsatoshi 6 Dec \ on: Walked 30 mins to go spend Bitcoin... got to the resaurant and they had iBexPay? bitcoin
The basis of the fiat debt monetary systems power is its monopoly over MoE/payment.
With Bitcoin potentially threatening that monopoly power the legacy fiat powers have pulled out all the stops to obstruct use of Bitcoin as a MoE/payment protocol.
They have imposed taxation assessment liability upon every single payment you might make so this in one hit makes it impractical for most consumers and businesses to use Bitcoin as a means of payment.
They have further threatened many businesses where they do accept Bitcoin as a payment option- often threatening to close that businesses banking access.
They have imposed absurd KYC/AML compliance requirements.
In short the fiat debt slavery bankers cartel do not want Bitcoin used as a payments protocol.
They want it redirected into use as a speculative commodity- and they have largely succeeded in achieving this.
Few Bitcoiners have even noticed, but this obstruction by the bankers renders Bitcoin more or less already captured and controlled- and most Bitcoiners, blinded by the speculative gains to date have not even noticed.
Sly Bankers.
i see you read my post and yes... i agree based on experiences 'in-person' like the one above.
so what do we do about it? civil disobedience? Coinjoins? More privacy protocols? Embrace non-kyc? Monero?????
The entire point of having bitcoin... is to one day exchange it for something. If it's only to hodl forever then it might as well be lost/thrown into the ocean and at the bottom of the sea... gone.
Eventually, at some point, Bitcoin is to be exchanged for goods and services directly. If that good or service is good conversations and ideas... and some memes on Stacker then... great. Perfect.
If it's a beer and some wings or a cheeseburger, OK. Or maybe something bigger and larger great but exchange is the heart and soul of money and exchange for goods and services... is eventually the entire point.
And the necessity to go back and forth into/out of 'dollars' to 'exchange' Bitcoin is not right it is a strange perversion imo.
The exchange of Bitcoin for stuff should be direct, full stop. If someone wants to exchange bitcoin for fiat great THAT'S THEIR CHOICE but that should be OPTIONAL. We should be generally able to buy regular day-to-day items with btc... within its technical limitations of course. And just 'spend Bitcoin' period that's the entire point.
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imo we just have to assert our right to use Bitcoin by using it- each to their own how to do this but we will need to fight on multiple levels.
If enough of us do this we can succeed.
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