This is why we bitcoin. Bitcoin gives people the ability to store their wealth in an asset that is extremely hard to confiscate if secured properly. Bitcoin gives you leverage from which to fight back against this type of overt Marxism.
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How exactly? When you bought on a KYC exchange, the state knows that you bought and have it, then they come to your home and you will give it to them, else you go to jail.
How is that hard to confiscate for an entity with an monopoly on violence?
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Even if you have it in cold storage and you hide this from the state, they can still blacklist your coins. The public nature of the blockchain is a significant problem for undermining state control over money. The only true crypto cash would have to be something like Monero.
What if you lost your seed? What are they going to do and how would they know? They can’t do much.
Totally agree! Bitcoin really empowers people to control their own wealth and stand strong against unfair systems. It's all about freedom and securing our future. Let’s keep pushing forward! 🚀💪
Likely you spend a couple weeks in jail, maybe get out and as soon as you move it, you go to jail again. Whats the difference between funds you can not move or funds you do not have?
Illegally migrate to El Salvador
I think when we get to this point, have any sort of money won’t even matter much.
Especially at this point, you need money to GTFO. In that situation, i rather have some money they dont know i have, can not censor and can not trace.
That will be either Monero - or a private version of BTC if it will ever exist.