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0 sats \ 2 replies \ @Solomonsatoshi 15 Dec \ on: TheRamblingThoughts: Unit of account and you've probably already won BooksAndArticles
Very optimistic and perhaps naive.
Do you honestly believe that the fiat debt slavery bankers cartel that owns your government will surrender its global monetary hegemony so passively?
No- they have already positioned Bitcoin for a GREAT FALL.
They have already comprehensively, slyly and successfully obstructed use of Bitcoin as a MoE.
They have allowed its use as a speculative commodity- in the process capturing ownership data via KYC and accruing over 10% of the entire Bitcoin issuance into the institutional custody of COINBASE.
The FDSBC is not sitting on its hands- it has already gained control of the Narrative- resulting in almost all hodlers speculating on what they perceive as a commodity- a taxed, KYCed and increasingly held in institutional custody.
As long as BTC is not used for MoE- P2P Payments- the FDSBC does give a fuck as its MoE hegemony is safe and secure.
Yes they control how we all interact in the exchange of our labour and goods and service by controlling the MoE...via the monopoly fiat money enjoys in MoE.
They dont care if BTC is used as another speculative commodity- that only makes it easier for them to capture and control.
And they have.
You think you are winning because price goes up-think again- its all part of their strategy to capture and control BTC by redefining its use as a harmless speculative commodity.
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So do you comply with tax obligations to record what capital gains you made on the disposal of your BTC every time you spend it?
The tax reporting requirements make use of Bitcoin as a MoE impractical unless you ignore them, and then you are a tax evader.
If you are a business and want to accept BTC on the other hand you risk your bank closing your access to fiat banking. The number of consumers prepared and willing to ignore tax laws to spend Bitcoin is so small why would any rational business then risk debanking to reach such a small customer base? They wouldn't and they don't.
The combination of tax requirements on consumers and the risk of debanking has absolutely obstructed and prevented the use of Bitcoin as a MoE payments protocol.
You may still be able to use it as a MoE on SNs but where else can you use it and where else does anyone else use it? Bitcoin is not generally used as a MoE - it is almost exclusively used as a speculative commodity...because that usage is being allowed while MoE is being slyly but comprehensively, obstructed.
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