beautyon on Nostr: The gold analogy in Bitcoin is highly toxic scaremongering, designed to incentivise ...
The gold analogy in Bitcoin is highly toxic scaremongering, designed to incentivise "NOT YOUR KEYS, NOT YOUR COINS" Bitcoin Cult dogma.
The 1930s gold confiscation cannot be repeated with Bitcoin in a way that can destroy it; only parochial US Americans who think America is the entire world believe or think like this, not understanding the scope of the problem Bitcoin solves.
Bitcoin is a network, not money. It is a network like the Internet. If America goes "Full Retard" and tries to confiscate Bitcoin, every country on Earth (over 190 of them) will be unaffected by its insane ruling, and its citizens will be free to use Bitcoin.
Given the rise of BRICS, this is more likely than it has ever been; when BRICS discover that they have a ready-made and infallible international settlement and payments layer gifted to them that the USA cannot stop, divert, or damage, they will flock to it, build on it, and Bitcoin will thrive, just as GSM thrived despite America campaigning against it in favour of its own CDMA.
The world is very different from the pre-GSM world, with anti-American animus running at red-hot levels. It will be an easy step to choose Bitcoin because everyone is already against America.
Given all of this, all talk about turning in your Bitcoin is infantile guff. No Japanese Bitcoin holder will turn their corn over to Uncle Sam, and the resources to "investigate" who has what Bitcoin will be largely irrelevant since once Hyperbitcoinisation happens, most of the Bitcoin users on earth will be outside the USA by default.
The only thing the golbitcoinbugs have to offer is fear mongering, hype, infantilism, stupidity, and boredom.
Similarly, all market-based attacks to drive the price down and install panic will fail since too many people will be using Bitcoin, and no American entity will have enough Bitcoin to move the market against the will of the people. American entities levying 70% taxes on Bitcoin users will only affect American Bitcoin users and no one else on earth.
The right question is not to "war game" attack vectors that can be launched against Bitcoin, but instead, to do everything you can to get Bitcoin into the hands of everyone on earth, even to the exclusion of America, since there are more people living outside America than in it.
That is the correct mindset that needs to be deployed, not the idiotic $5 wrench attack mindset of the Bitcoin Cult, that focuses only on disaster scenarios related to and sourced from the pre-Bitcoin world, which help no one, sow fear, and are very very BORING.
https://x.com/Beautyon_/status/1849203110142480565
The 1930s gold confiscation cannot be repeated with Bitcoin in a way that can destroy it; only parochial US Americans who think America is the entire world believe or think like this, not understanding the scope of the problem Bitcoin solves.
Bitcoin is a network, not money. It is a network like the Internet. If America goes "Full Retard" and tries to confiscate Bitcoin, every country on Earth (over 190 of them) will be unaffected by its insane ruling, and its citizens will be free to use Bitcoin.
Given the rise of BRICS, this is more likely than it has ever been; when BRICS discover that they have a ready-made and infallible international settlement and payments layer gifted to them that the USA cannot stop, divert, or damage, they will flock to it, build on it, and Bitcoin will thrive, just as GSM thrived despite America campaigning against it in favour of its own CDMA.
The world is very different from the pre-GSM world, with anti-American animus running at red-hot levels. It will be an easy step to choose Bitcoin because everyone is already against America.
Given all of this, all talk about turning in your Bitcoin is infantile guff. No Japanese Bitcoin holder will turn their corn over to Uncle Sam, and the resources to "investigate" who has what Bitcoin will be largely irrelevant since once Hyperbitcoinisation happens, most of the Bitcoin users on earth will be outside the USA by default.
The only thing the golbitcoinbugs have to offer is fear mongering, hype, infantilism, stupidity, and boredom.
Similarly, all market-based attacks to drive the price down and install panic will fail since too many people will be using Bitcoin, and no American entity will have enough Bitcoin to move the market against the will of the people. American entities levying 70% taxes on Bitcoin users will only affect American Bitcoin users and no one else on earth.
The right question is not to "war game" attack vectors that can be launched against Bitcoin, but instead, to do everything you can to get Bitcoin into the hands of everyone on earth, even to the exclusion of America, since there are more people living outside America than in it.
That is the correct mindset that needs to be deployed, not the idiotic $5 wrench attack mindset of the Bitcoin Cult, that focuses only on disaster scenarios related to and sourced from the pre-Bitcoin world, which help no one, sow fear, and are very very BORING.
https://x.com/Beautyon_/status/1849203110142480565