mulecolt on Nostr: It’s an interesting thought experiment to imagine if your government gave you 30 ...
It’s an interesting thought experiment to imagine if your government gave you 30 days to move your cold storage bitcoin to a regulated custodian or risk penalty, and more importantly, never be able to spend it. For those of us with a significant portion of our net worth in cold storage it would be a hard decision. There is a path where you wait it out and hope the laws become more favorable at some point but I can’t say what I’d do in that situation. I’d obviously hate to do it but I’d hate being a lot poorer too.
Published at
2024-10-23 01:31:17Event JSON
{
"id": "751630ff87f83cda4209da25e6be4295c3d78042d8908053c60a79d4c7c52b4a",
"pubkey": "794be744102320c5b47bd88907b9842f79b16b8a2c82db09a02d2fa3052fbe8b",
"created_at": 1729647077,
"kind": 1,
"tags": [
[
"e",
"ef8d92e80e3c26ad17434c4c984a3ac8a7b0d5686f28483e16bb405b3c87996c",
"",
"root"
],
[
"e",
"0d61e5b328fe2555ddbab500e0b53e877e4ca17aebdb3e4aa75a85a2b1665d76",
"wss://relay.primal.net",
"reply"
],
[
"p",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f"
]
],
"content": "It’s an interesting thought experiment to imagine if your government gave you 30 days to move your cold storage bitcoin to a regulated custodian or risk penalty, and more importantly, never be able to spend it. For those of us with a significant portion of our net worth in cold storage it would be a hard decision. There is a path where you wait it out and hope the laws become more favorable at some point but I can’t say what I’d do in that situation. I’d obviously hate to do it but I’d hate being a lot poorer too.",
"sig": "33b449769de6ce7712a5b4d5f3d03f5dfc14210ac5afbbd1bab07e17ae2b05cce41faeedd4fdf0aa679a637ff7685251f1ebe4210a240112ba3ee687ea9e51a8"
}