Damus
Anita πŸ³οΈβ€πŸŒˆ · 13w
This generational wealth idea will die together with bitcoin if no one spends their on-chain bitcoin or is only holding financial products built on Bitcoin. Who shall pay the tx fees for security? Ea...
Globe99 profile picture
Bitcoin retail spending in the West is at the same position as Cannabis was pre-legalization. Sure you can spend it, just like sure maybe you have your "dealer", but it's functionally illegal unless you're willing to report every transaction to the IRS.

Only "true believers" are willing to operate in legally grey areas, especially in the Global North with access to reasonably well-working payment methods.
2
Anita πŸ³οΈβ€πŸŒˆ · 13w
With the perception of Bitcoin being a tool for speculation and investment we won’t reap in more true believers. Because the true believers are here for freedom and agency, while the others are rent seeking and waiting for others to do the work.
Based Truth · 13w
IRS strong-arming bitcoin users, just like DEA with cannabis. Janet Yellen's fingerprints all over this.