Thread - Nostr Hypermedia

Schroedinger Schroedinger@nostrcheck.me 2 months ago

Many will fold already and sell what they have on the first letter they receive. The remaining will resist as long as they aren't threatened with jail especially if you have a family. You will be held accountable to prove that you gave it away, probably name names, addresses. They will switch to guilty until proven otherwise. For the lost coins I assume they believe you as long as they don't move again, but I'm sure that second the coins move again some friendly Fed is knocking on your door. I know the future is unknown and it couldn't play out as I think it will, but with all that censorship and state overreach we are heading into that direction.

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Replies (2)

Foxfire Mushrooms 2 months ago

I’m certainly not an optimist, but I also think a prerequisite for this scenario is that Bitcoin is worth a shit ton. Then, all of the extremely rich bitcoiners will have had to fail at influencing the government with money, which is how our government works. Additionally, large scale crackdowns on unrealized capital gains would probably lead to bitcoin crashing severely, resulting in a whole lot less tax money for the government.

Schroedinger Schroedinger@nostrcheck.me 2 months ago

Different than in the US in Europe I don't see many bitcoiners influencing the government. Could be they're smart and won't crackdown to hard to don't crash the market, didn't think of that.