I trust in the incentives to work it all out.
A jurisdiction can't stop their people using bitcoin but they can shut themselves off from it's benefits. We've seen that in a few countries already. Eventually they realize their mistake & pivot.
KYC can be a threat to the individual but there are many ways to hedge this risk & the state has the odds against them.
There is much chaos ahead for humanity, but there's also a lot to be excited for. The dysfunction will get louder as the system approaches collapse. Bitcoin is the least of their problems right now.
Brisket
npub1jm…p6xcq
2024-07-18 07:37:26
in reply to nevent1q…gs0x
Author Public Key
npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcqPublished at
2024-07-18 07:37:26Event JSON
{
"id": "83c54217f571e97a22488977c97e52eddd2599675a3deb86ac310c04e1d82149",
"pubkey": "96c87765d900b169f5fdd8bc19bf97bd8c6d163ff416a89d45cbb7cac48c9433",
"created_at": 1721281046,
"kind": 1,
"tags": [
[
"e",
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"",
"root"
],
[
"p",
"9267545d2917b80f707ffdb44a8ff979182568ef7baa04ee756b1f01d4e3688a"
]
],
"content": "I trust in the incentives to work it all out.\n\nA jurisdiction can't stop their people using bitcoin but they can shut themselves off from it's benefits. We've seen that in a few countries already. Eventually they realize their mistake \u0026 pivot.\n\nKYC can be a threat to the individual but there are many ways to hedge this risk \u0026 the state has the odds against them.\n\nThere is much chaos ahead for humanity, but there's also a lot to be excited for. The dysfunction will get louder as the system approaches collapse. Bitcoin is the least of their problems right now.",
"sig": "e61dc1417fcb8bc04090bf7e2f7dc3c64c401613a6cf778c81aaac6b6e1965213e27b2b0b29c3a49aaaf25a0c0538f14ea08ba66177a8e7a2db197feac74f766"
}