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0 sats \ 3 replies \ @elvismercury 31 Dec 2024 \ on: How is 'Bitcoin the Money' supposed to function in this environment? bitcoin
Where do you expect the 'debate' to occur? Is any debate even needed? You've laid it out pretty well: the rules of the state make using btc legally and fully practically impossible. So now the options are clear:
- use btc illegally, and face the consequence when they come
- or accommodate your usage and behavior to state mandates, which is more restrictive than you want
It's possible that eventually the thing becomes so unmanageable that the idea of "illegal" basically disappears, sort of like jaywalking laws. If btc isn't wholly captured by NGU forces, that seems like where things will wind up.
in my humble opinion... it is already 'unmanageable'... for sophisticated, realistic usage especially around lightning.
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I meant "unmanageable" from the perspective of the state taking action -- if almost everybody is breaking the law, including important people, then enforcing the law is basically impossible, even in a "sending a message" kind of way. I don't think we're there yet.
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i think unmanageable has another meaning too.
all the current development and bips make it easier to transact, more seamless and generally more private.
there are tons of cool things and apps built on bitcoin. however tax software for daily spending/transactions/small regular use underdeveloped or nonexistent.
when bitcoin is used regularly and intelligently the sats flow everywhere... it is a living breathing organism and perhaps that's what the ptb don't really understand yet.
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