๐๐ฏ ๐ฆ๐น๐ค๐ฆ๐ณ๐ฑ๐ต ๐ง๐ณ๐ฐ๐ฎ ๐ต๐ฉ๐ฆ ๐ฏ๐ช๐ฏ๐ฆ๐ต๐ฆ๐ฆ๐ฏ๐ต๐ฉ ๐ค๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฐ๐ง โ๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐โ, ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅโ๐ด ๐ง๐ช๐ณ๐ด๐ต #Ai-๐ฆ๐ฏ๐ฉ๐ข๐ฏ๐ค๐ฆ๐ฅ #Bitcoin ๐ฃ๐ฐ๐ฐ๐ฌ.
โ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ค๐ข๐ฏ ๐ฏ๐ฆ๐ท๐ฆ๐ณ ๐ด๐ถ๐ค๐ค๐ฆ๐ฆ๐ฅ ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ต๐ฉ๐ฆ ๐จ๐ฐ๐ท๐ฆ๐ณ๐ฏ๐ฎ๐ฆ๐ฏ๐ต ๐ธ๐ช๐ญ๐ญ ๐ฃ๐ข๐ฏ ๐ช๐ต,โ is the refrain heard from many when they first hear about Bitcoin. But TheGuySwann (npub1h8nโฆrpev), Parman - Activate OP_GFY now!! (npub1lttโฆk97y), and Max Hillebrand (npub1klkโฆx3vt) explain that while this may come from an accurate estimation of government powers (though itโs often an ๐ฐ๐ท๐ฆ๐ณestimation), it also comes from an ๐ถ๐ฏ๐ฅ๐ฆ๐ณestimation of Bitcoinโs resiliency.
Below is Arman the Parmanโs answer, as written in โ๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐โ:
๐๐ฟ๐บ๐ฎ๐ป ๐๐ต๐ฒ ๐ฃ๐ฎ๐ฟ๐บ๐ฎ๐ปโ๐ ๐ฎ๐ป๐๐๐ฒ๐ฟ:
Acknowledging that governments could ban Bitcoin is acknowledging that Bitcoin is a threat to the status quo โ and to be a threat to the status quo means it must be a credible alternative to the current monetary system. Thatโs a step in the right direction for someone who may have been skeptical previously.
Because Bitcoin is ๐ด๐ฐ good, yes, governments are likely to see it as a threat, and some may, and have, tried to ban it. However, it should be noted just how ineffective government bans are on things its citizens demand. Consider how effective the bans on alcohol, drugs, bibles, and certain movies have been.
I do think governments will come for Bitcoin, either to hurt it or to get more. Whatever they do, Bitcoin is going to be fine. ๐ ๐ฐ๐ถ may not be, though. Get your coins off exchanges and learn how to do this to protect yourself. Ask for help or learn online. Visit my website, which is dedicated to teaching people how to hold their own coins. Donโt leave them in a giant honeypot for your government to take in one swoop. Make them come after each person, one by one. Make it difficult.
Arman The Parman is a Bitcoiner who is passionate about Bitcoin privacy and private key safety. He runs an online mentoring program to help people achieve "insane security" and teaches his own non-custodial inheritance strategy that is both trustless and loss-resistant. He contributes to Bitcoin by writing economic and technical articles posted on his website.
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