5 sats \ 5 replies \ @DarthCoin OP 5 Jul \ parent \ on: BDMD #3 - Bitcoin is illegal because it is not legal tender bitcoin_beginners
Govs cannot "produce" anything, right?
They just use debt. Is Bitcoin debt?
For a gov to adopt Bitcoin, it must mine it and then use it to pay for its employees and costs. But that will not be anymore a gov as we know it. Will be a pure commercial company.
If a gov (as a common public enterprise, owned by everybody) will mine BTC, will have to be considered a common good, so each individual that is also the "owner" of that enterprise will have to agree for what is spent that BTC mined.
If you think of a gov as adopting bitcoin by buying it, then the question is with who's money they buy it? The logical answer will be "with people taxes", but in fact is not like that. They buy it with mode debt, printing more fiat.
That's why I said: Bitcoin can be adopted only by individuals and not by govs / countries. Govs cannot manage properly the custody of these BTC and will always try to go back to fiat system...
Bitcoin will change TOTALLY the whole system as we think it is in something new, based on individual property. Govs as we know them, cannot exist in a Bitcoin world. They simply succumb itself.
Govs cannot "produce" anything, right?
Correct. Governments steal the products of individuals and use it for their own goals.
They just use debt. Is Bitcoin debt?
Bitcoin isn't debt. Neither is gold. They both can function as a medium of exchange. But, I could borrow from you and agree to pay you interest in gold or bitcoin. This is possible with any medium of exchange. I could borrow bitcoin from you and in exchange agree to work it off.
This all has nothing to do with the legitimacy of government. Governments are criminal gangs. Can gangs use a medium of exchange? Can money be stolen or extorted? Of course it can.
I think you are just talking about the legitimacy of the state? So if by "adopt bitcoin" you mean can the state legitimately acquire bitcoin the answer is no. They can't. They also can't legitimately acquire gold or anything that has value. They only steal. If this is what you mean then I'm in agreement with you.
But, governments do steal bitcoin today(US Gov) and some acquire it using stolen fiat from their subjects(El Salvador Gov). And if I'm understanding you correctly you are saying El Salvador hasn't "adopted bitcoin" because they do not obtain it under lawful means because by definition the state (any state) is illegitimate under natural law. They have not gained the consent to do what they are doing. They only use force to obtain value.
reply
Yes, they steal it because they are fucking mafia. Nothing else.
They only use force to obtain value.
Exactly that.
reply
OK, thanks for humoring me @DarthCoin. I think I get you now and we agree.
I truly believe bitcoin will slowly destroy the state by incentives as it exposes it for what it is. Curious if you believe that will happen as well. I have no idea how long that will take but I believe it will happen.
reply
Curious if you believe that will happen as well
My answer is simple and always the same:
https://i.postimg.cc/zX2ZDQD1/vader-sovereign-adoption.jpg
But with kind of people we have nowadays, with fiat mindset deep into their brains, It will take a loooooong way to achieve that dream.
I truly think now that Bitcoin is only for the brave, the freedom fighters and will use it whatever will take as a "weapon" against the system.
Centuries of human stupidity cannot be wiped out in just few years.
Not in our lifetime....
As I always said: Bitcoin is my plan B, not a plan A...
where Plan A is skills, knowledge, self-sufficiency, living a simple life