mulecolt on Nostr: How do you convert digital fiat to bitcoin in the US without linking to a bank ...
How do you convert digital fiat to bitcoin in the US without linking to a bank account? Most of our fiat is digital and controlled by state regulated companies (banks/brokerages/credit unions). Without some other conversion mechanism, Bitcoin is effectively state captured. Legislation could guarantee the right to do this, but that’s also a state mechanism.
Published at
2023-02-10 13:47:55Event JSON
{
"id": "8a10d12b4f4c2e4687af744f4c0d96ba79cdc53c3c847d9735ae0780a8c262d0",
"pubkey": "0f4cd7533ad44abf4db70e385072b54d0c95f0568547085fe231b553b93fbdef",
"created_at": 1676036875,
"kind": 1,
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"content": "How do you convert digital fiat to bitcoin in the US without linking to a bank account? Most of our fiat is digital and controlled by state regulated companies (banks/brokerages/credit unions). Without some other conversion mechanism, Bitcoin is effectively state captured. Legislation could guarantee the right to do this, but that’s also a state mechanism.",
"sig": "679ac88224cc9e42ab363485962cc7daf8507b894cd2fae6cc3e84a8bbfbab56a9a6e6937e72455bd1f7327b5c84ab59985957583567e198dcfb14be7ca2dc5a"
}
