Oddbean new post about login | logout Someone told me about an asset that can't be controlled by the government at all. And it has better average returns than both the S&P and real estate. In other words: just buy #bitcoin
Kind of... The government can simply ban bitcoin in the same way they did with Gold in the 30s. There is some control in the table for sure. Tech doesn't solve politics. If you allow your government free rain, they can pretty much control anything you can think of.
* rein
reign. No can haz English eh?
To your point, this is the reason for a No KYC stash. Do not allow your government free reign. There always has and will be grey / black markets, and at times utilizing them can be the difference between surviving and not.
No KYC helps but does not solve it. Your government doesn't need KYC to figure out you have illegal (in their definition) bitcoin and put you in jail. You have to play politics. Signing off from politics just because you have non-KYC bitcoin is a huge mistake.
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There is value in increasing the cost of enforcement. Be a bit more slippery than the average shmuck. On some level, playing politics is the burden of living in a "free" society.
When you do it fast and often enough, and more and more people begin doing the same, their stupid "laws" become unenforceable. I've seen it time and time again, and it's the way to go until their stupid system collapses.
I totally disagree. Thinking you "have to play politics" is what gives the politicians their power. Opt out and delete the fiat virus from your mind.
Politics is a shitcoin. Become ungovernable.
Wow, Edgy bro! Show us how "ungovernable" you are! Politics is power.
Government (Govern < Gubern < Kubern = steer) + (Ment < mentis = mind) voluntary mind control is not living. Yes, a lot of men waste their lives trying to manipulate other men. In the end their lives were wasted. This human life is not to be wasted by convincing other men to do your will.
Not complying is power. Playing their game is legitimizing them, it's the source of their power. Becoming ungovernable can be as simple as using cash and not paying taxes. Yes, I am a tax criminal, so what? Watcha gonna do? Good luck finding me, I'm behind 17 proxies.
Sure, they can ban it. But enforcing the ban is another story. Just look at China.
I hear that Bitcoin can't be controlled by the government but then I see news from time to time that some government has seized millions in Bitcoin from someone, or is selling off some Bitcoin it has seized... 🤔
If you store your recovery words properly, this is not a concern. Most of these seizures are from poor storage or people voluntarily transferring the coins. Poor storage = all recovery words in one location that can easily be found.
