The first person that is jailed or killed, everyone else is going to be leaving asap. If I’m the first person, it’s going to be very costly for them, with no payoff.
It would be difficult to enforce. I suppose they could easily ban and enforce transfers out of kyc custodians like Coinbase to non custodial addresses but not sure how they enforce a ban on self custody. Even if they knew every person that held bitcoin in self custody they would need them to turn it over willingly or search their premises.
If they do a good enough job with a propoganda campaign, they could make it so that you’re still liable unless you can prove that you sent them to a compliant custodian.
One would imagine the SBR would be in self custody.
The state would probably custody their own stack but will SBRs be used as a catalyst to outlaw or ban self custody for normal people like you and me?
So the state is going to ban people from holding long strings of numbers?
Please explain how this would work?
Aside from a small and intolerant minority of bitcoiners, most people have little to no privacy when it comes to Bitcoin.
I think it would be pretty trivial to ban Bitcoin in the US because everyone has lost sight of what freedom is and that we the people are in charge.
If what you say is true, then bitcoin was doomed from the start.
Only within the jurisdictions that ban their citizens from owning it.
Math cannot be stopped but human beings can.
Hopefully they don't even try and if they do it is challenged and overturned in court.
Agreed.
Just wondering if anyone else is asking some of the more difficult questions while we are all high on NgU
The first person that is jailed or killed, everyone else is going to be leaving asap. If I’m the first person, it’s going to be very costly for them, with no payoff.
ΜΟΛΩΝ ΛΑΒΕ
I like your style.
I hope you’re right.
It would be difficult to enforce. I suppose they could easily ban and enforce transfers out of kyc custodians like Coinbase to non custodial addresses but not sure how they enforce a ban on self custody. Even if they knew every person that held bitcoin in self custody they would need them to turn it over willingly or search their premises.
…and arrest anyone who was unable or unwilling to surrender their private keys.
You would have to prove they didn't lose them.
If they do a good enough job with a propoganda campaign, they could make it so that you’re still liable unless you can prove that you sent them to a compliant custodian.
Nah, just a reminder that savings is important.
Illegal LOL 🤣🤣🤣
We will shoot the bootlickers at the door, then string up the rest of the clowns who decide not to flee.
They tried to kill Trump twice, God intervened. If we are not victorious now, let no one be left alive.