208 sats \ 1 reply \ @Enemy_of_the_state 22 Feb freebie \ parent \ on: Bitcoin 'unstoppability' as tea party bitcoin
Maybe at the institutional level, but if you have self custody, the cost of a government confiscation scheme at the individual level would be high. Not only in resources, but the body count would forever destroy any kind of legitimacy. It would be the last days of the regime.
write
preview
208 sats \ 0 replies \ @elvismercury OP 23 Feb freebie
Could be, but I've been surprised by what does, and doesn't destroy legitimacy. I mean, we interned Japanese citizens, spied on the whole country, enslaved the blacks, and committed genocide against the natives. Legitimacy turns out to be a pretty squishy idea that exists in the eye of the beholder.
reply