Damus
Chris Liss profile picture
Chris Liss
@Chris Liss
People are thinking about the Samourai situation the wrong way IMO.

They’re worried about hiding (KYC vs non-KYC) like it matters.

"Oh, I see you’ve bought a house, but we have no idea where you got the money for it and can’t trace it back to a sats purchase you made through your bank. We do see you paid taxes on $60K per year and have a $5M house, but we will leave you alone in this citadel since we can’t trace the specific sats to your bank account!”

FFS, if they’re coming after your property, they’re coming after your property. They don’t give a fuck about your rights, and they don’t really care how you got what you have. You think it matters they can’t *prove* you got it through sats appreciation? They can’t prove someone else didn’t lose his keys, either. They don’t care.

The beauty of the technology is they literally cannot seize this one asset unless you volunteer the keys. They can jail you, they can murder you, but they can’t take it from you, and more importantly they can’t do so remotely. They need to expend resources and be on camera, in person. This is a very big handicap and a huge advertisement to others to store their wealth out of their reach.

You have the strongest hand in the history of humanity. Stand up to the bully.
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teatwo · 98w
FYI, while you talk about property rights, the secrecy of communication is guaranteed in Japan. https://njump.me/nevent1qqs9yelshaztx4n7u9ha0mzuw53q3aezgagrjd75jkac0m860s0su6czyq6cndunh9mufup9zad067fw03gaymhksw69e0rxc4ky699d2wz8ut7dmpg
ThatGuy · 98w
This is clear thinking. If we are in fact moving toward a panopticon society of oligopolistic control, then a system of laws is largely irrelevant. Non-participation becomes extremely important as does, as Chris states, storing valuables out of reach of the corrupt state. BTC serves this function we...
wertyyryyr · 98w
Instead of 5m house, how about a 50k house, used 2k car. The solution is to lower time preference and live a low profile.
OT · 98w
Thats it, they can't take it. Be wary when they say that they have the entire history of whirlpool TX to get people to panick and consolidate all their UTXO's.
Saberhagen The Nameless · 97w
You can also stand up to the bully at the same time. It isn't mutually exclusive. You can chew gum and walk. Samourai tools had no affect over whether your Bitcoin was KYC vs non-KYC As if a house is the only thing you can buy with Bitcoin. Why would you want to make it easier for them to know ab...
Lucky Kite · 95w
Oh ! Well, if they can only jail you, nothing to worry about! Jail is basically the same as freedom. *eyeroll* Bitcoin bros in denial. And if what you say is true, why not just use fiat, they gonna get you anyway right?
TAX EVADER · 56w
I think the governments will change. in my opinion they will offer stuff for price. And they will compete on what they offer and how much it costs you. If they don't do this, they won't exist. Pretty radical thinking I know, but this sounds good and hope it happens.