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The Government Isn't Coming for your Bitcoin (Probably) - Matt McClintockmattmcclintock.substack.com/p/the-government-isnt-coming-for-your
363 sats \ 1 comment \ @Scoresby 9h bitcoin
The middle of this article has a nice, light historical survey of what the US gov't has done to the dollar in the last hundred years (including a description of the details around EO 6102 -- not as good as @Signal312's #275618).
I generally agree with the conclusion: that the gov't is probably not going to seize butcoin en masse, but I wish the author had included a little about how the "seizure" is really playing out: through increasingly tight financial controls and pushing people toward custodians.
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100 sats \ 0 replies \ @Solomonsatoshi 6h
The use of Bitcoin as a MoE is the only real challenge to the fiat operators and they have already successfully and slyly obstructed Bitcoin MoE. Where it has not been outright banned for MoE Bitcoin is defined as a speculative commodity and thus liable for tax on each and every transaction making everyday lawful use of it for MoE effectively impractical, unless you are prepared to ignore the law.
Meanwhile the fiat corporates are accumulating institutional custody and push the KYCed speculative commodity narrative which both obscures and obstructs Bitcoins use as a P2P MoE and prepares the ground for any Order 6102B should it ever be required- but as long as MoE is successfully obstructed any Order 6102B will probably never be required.
Most Bitcoiners are ignorant of or in denial of the extent to which the P2P payments protocol has already been slyly captured and controlled by the fiat operators...blinded by NGU greed and hopium.
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