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21 sats \ 0 replies \ @Ov1 16 Feb \ on: How Big Brother can attack Bitcoin without spending a dime bitcoin
The Way of Bitcoin Banking is to bypass the government compliance concerns by using their own weapons against them. Those who write the rules value their own financial privacy more than anyone and will fight tooth and nail to protect their own wealth. By using private contract business and asset protection Trusts, along with Private Membership Associations, even the 5% of world population that are subject to US jurisdiction can capture and retain financial privacy for themselves.
Structuring our Private Bitcoin Membership Associations as NodeRunners, LSPs, Relay Operators, AND eCash Mints will bypass these regulatory attacks being made by the Naked Emperors. By never touching their corrupted monetary systems, those who've left the plantation need not worry about the rules the Slave Owners force upon their chattel. The rule is "He who creates it, controls it." Using government IOUs at all gives them subject matter jurisdiction, so we simply apply Bucky Fuller's wisdom and build a better system entirely outside of the existing monetary system, and let the outdated systems atrophy and die on their own.
Governments cannot stop people from growing and using cannabis, or even prevent us from 3d printing our own firearms, they will be no more effective at controlling NodeRunners. The more they try, the stronger our defenses will become and the more energy they waste in an ineffective game of Whack-a-mole.