Uryyah El on Nostr: ´The new money´ that the government prints is stolen from one group of people and ...
´The new money´ that the government prints is stolen from one group of people and goes to another group of people, this is just one form of wealth redistribution. Keep in mind that whenever wealth is redistributed, it must first pass through many different channels, where it is diluted among intermediaries. Wealth passes from taxpayers and savers to government contractors. It is no coincidence that many government contractors are incredibly wealthy.´ From the book; ´Thank Lord for the Bitcoin´page 58.
My opnion:
When you buy an altcoin and swap it to bitcoin or buy it via lightning or liquid and transfer it to on-chain, you are doing the same as the government, passing your wealth through different channels, diluting the traceability and ability of the leviathan to confiscate it. But bear in mind that when you do it, it is a punishable crime, when he does it, it is an unaccountable crime. In other words, he can steal without punishment, but you cannot hide your legal money from him, even in a legal way. That is why the expression exists; 'Accumulate sats and stay humble', which means you should accumulate your wealth in a deflationary and stable form and keep your mouth shut so that no one knows you´re doing it...
My opnion:
When you buy an altcoin and swap it to bitcoin or buy it via lightning or liquid and transfer it to on-chain, you are doing the same as the government, passing your wealth through different channels, diluting the traceability and ability of the leviathan to confiscate it. But bear in mind that when you do it, it is a punishable crime, when he does it, it is an unaccountable crime. In other words, he can steal without punishment, but you cannot hide your legal money from him, even in a legal way. That is why the expression exists; 'Accumulate sats and stay humble', which means you should accumulate your wealth in a deflationary and stable form and keep your mouth shut so that no one knows you´re doing it...