41 sats \ 1 reply \ @SimpleStacker 5 Oct 2023 \ on: Gold "hoarders" were persecuted in the 1930's, what will happen with bitcoin? bitcoin
Great post and really appreciate all the research you did.
Agree with most of your points. "The People" are not to be relied upon as a guard against government intrusion. We can be sure that if Bitcoin becomes an important commercial asset that people without Bitcoin (the many) will be hostile to the people with Bitcoin (the few), and will be supportive of confiscation and more.
The good thing is that Bitcoin is easier to hide and harder to confiscate than gold. Use good privacy practices and accumulate non-kyc Bitcoin if you can, and protect yourself and your stack.
I have mostly kyc Bitcoin, this sucks.
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