You think that we “win” if you cold store our Sats because they cannot make us give it up? We still “lose” if you are not able to spend it. You will have 35M$ on your Coldcard and still “lose” if it’s not usable. They will “win” unless you comply. I rather KYC, buy BTC, put it on my Cold Storage. Wait for appreciation, sell a portion of it on a registered exchange/broker, pay my taxes on the gain and pay off my house. Being able to accumulate registered/KYC/Play by the rule Bitcoin and sell it with a registered company to be debt free IS the way to show the finger to banks and governments and exit the system. Not by being a dreaming No-KYC rebel thinking it’s cool to skip class.
How hard are you hallucinating my friend ???? I have been lucky to be debt free almost all of my grown life (not an american) and it doesn't make me "win" whatsover ;D I can be fined if I don't register my address, I can be fined if I don't carry an ID on me, and I don't have a say to how much tax I want to pay or where my tax euros are going to.
And how is your exemple even related to Bitcoin? If you want services someone needs to pay for it, it’s usually from taxes. If you want a say of where your taxes go, that’s called democracy and you can vote to elect the people in charge of spending. If it’s a dictatorship regime, it’s another story. Sorry but your Cold Wallet won’t give more freedom about carrying an ID
Imagine a world where you don’t have to carry an because you are not a property of a country and you use cryptographic signature if you voluntarily want to identify yourself 🥰 #bitcoin #nostr #cryptography #cypherpunk #freedom
Yeah, so if you need to voluntarily identify yourself, I would need to trust that you are who you claim to be right. So for Bitcoin we want to”Don’t trust, Verify” but for dealing with people you would need to “trust, can’t verify”. You see how deep in outer space you are? Nothing makes sense, go listen to your podcasts and go on doing what you do.
On cryptographic signatures. Lets say instead of passport you have to make a transaction to the government that contains your biometric picture. Any time in the future you can prove *WITHOUT A DOUBT you are the person who made the transaction as long as you still hold the keys. Keys can be stolen same as ID can be, but can't be forged. Identity cannot be stolen for online uses in traditional ways because having the information is not enough, you have to have the KEYS !
The point was about you saying “voluntarily” identifying yourself, which wouldn’t work out in a society since nobody wants to identify. For cryptographic signatures, it would be the worst possible idea for freedom. If you would research blockchain architecture, you would see that there are 2 types of Blockchains (Public and private). A Public blockchain would allow me to potentially see a lot of your activities. You don’t want that privacy wise. The governments are pushing for private blockchains. With your “signature” and biometric they will be able to verify you and track you. Since they would have laid out the infrastructure, they will push for a CBDC and they will then be able to track your spending and control your funds. Please, go read about the topic of blockchain and stop listening to these Bitcoin Superstars on podcast. If you are really into government conspiracy read on CBDC and government blockchain.
Hi Monkey. Bitcoin works because it's a public blockchain so you can verify, not trust. Sure nobody wants to be identified by government because they use that identification for extorsion mostly. There might be hundreds of purposes for identifying with some PRIVAT institution one trust. Like an employer. A bank you chose to use. A school. I see many reasons I would be happy to hop on even private chains for those instead of using my ID with the government as the ultimate overlord. Good that we got #nostr by know so we don't need private chains or using money chain for identification xD
Maybe, depends how dire things get
The core problem is that bitcoin is a territory of freedom, but it's a territory with no economy. It's a territory that imports everything from the fiat Dominion. This is why we are dependent on the fiat authorities. They gatekeep access to all the stuff we want. We can solve this problem by creating our own economy, and we do this by being more productive and more efficient than the fiat Dominion. The global economy is currently dependent on slavery. We need it to become dependent on our freedom. When they attack us, we need the economic teeth to enforce our rights and cause serious damage to the attacker. They do this to us today - comply or lose access to the fiat economy. Bitcoiners need to be productive enough that this flips the other way around - attack our freedom and lose access to the bitcoin economy.
You're not fully understanding the situation if you actually think that
The simplest way to say how you are not understanding the situation is the Bitcoin is an inherently anti governmental concept. It is built on a long history of governments screwing over their citizens thru inflation and is a form of money that is very hard for governments to stop. For you to 'tell" them you own it is telling a potential enemy information about yourself that could be very critical for you. If the US government doesn't know you own it and they (very likely) can't stop it or devalue it, then you are in control. You have the upper hand, so to speak. Read the bitcoin white paper, 'The Sovereign Individual' and read some monetary history (for example, the inflation in the Roman days) for some context if you haven't already.
This is the right way, but it also shows that Bitcoin is a failure . Its nothing more than a gambling asset, a hot potato on which some will make money and others will not. Its not a currency and has no other use. And its certainly is not 'freedom tech'.