BRING BACK THE GUILLOTINE

Good luck taxing btc in self custody

Boomer rock is crushing the orange coin

Aus welchem Buch stammt das?

Frohe Weihnachten

Freezing other people’s bitcoins is wrong, no matter what the motivation. In my view there is only one way to preserve Bitcoin’s censorship‑resistance without violating that principle:

Introduce quantum‑resistant addresses - By adding a new address format that is provably secure against any foreseeable quantum attack, users who consider quantum computers a real threat can voluntarily move their funds to those addresses. The choice remains entirely in the hands of the coin holder. If a holder decides not to migrate —whether because they have lost the private‑key, because they distrust the new format, or for any other personal reason — then they accept the associated risk. The potential loss is a direct consequence of their own decision, not of an imposed freeze.

Should quantum computing enable the reactivation of old Bitcoin addresses, their influx may cause a crash in the price, but the price can recover. A temporary price-correction is not a reason to compromise the protocol’s core guarantees.

Preserving Bitcoin’s immutable, permission‑less nature must remain the highest priority.

I'm shocked by what I'm reading. If you freeze or burn Bitcoin UTXOs that you merely presume to be lost, you fundamentally undermine Bitcoin's core promise of censorship resistance. This causes irreparable damage.

And why? Out of fear the price might crash? Prices can recover, Bitcoin's credibility cannot.

Lost bitcoins are like treasure in a sunken ship, currently unreachable to everyone. The development of quantum computers will change this situation. Whoever is then able to crack the old private keys may lawfully recover the treasure. comparable to a finder who, after centuries, raises a wreck. In order for fair conditions to prevail and for each owner to have the same chance to secure his property, the timely introduction of quantum‑resistant addresses is essential.

On the internet, it's impossible to use fiat currency without a trusted third party. This is precisely why Satoshi Nakamoto created Bitcoin: the people's currency, the digital cash for a new world. It was designed to defend your purchasing power and your freedom, to protect us from the fiat system which has failed us

Of course, the quantum computing problem should be solved at some point. However, I'd bet my ass that as soon as it's resolved, another FUD will pop up. That's how it's always been in Bitcoin's history - FUD after FUD after FUD.

I only use the newspaper to fire up the fireplace