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205 sats \ 2 replies \ @BlokchainB 4 Feb \ on: All The King’s Men bitcoin
This is why I don’t fear KYC as much. They may know I have purchased bitcoin but they can’t push a button and take it away from me like you can do with anything else in the fiat system.
But one thing Saif’s book does well is point out the good thing fiat has done for the human species. Some might say it’s in spite of fiat but you can’t deny the results that it has to improved the life of lower and middle class people.
This is why I don’t get upset about tether and the digital dollar. People who would never have access to a dollar can get access and then save in bitcoin. That is a net positive all day long. And under Trump more people can take their destiny into their own hands.
It's strange you posted this just now. I am preparing my weekly Golden Oldies post, and one of them discusses some of the exact same issues you are talking about re impoverished people and fiat. I just got done reading it. Also, I'm working my way through the Libbitcoin Cryptoeconomics book(?)
They may know I have purchased bitcoin but they can’t push a button and take it away from me like you can do with anything else in the fiat system.
This point is really hammered home.
And under Trump more people can take their destiny into their own hands.
This remains to be seen. Also, Tether and the digital dollar can be turned on and off at will.
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Yea hopefully you can buy the sats and withdraw them to a private key you own. Before they turn off your money.
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