It’s beyond the reach of the state. Think of it like the ocean, maritime law. Bitcoin can’t be confiscated…full stop. Do some research if you want to fully understand why. Your private key is private. You can generate a private keys that never touch the internet and reside only on a piece of paper. The state can’t and never will be able to control it.
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The current fiat system will collapse with such force that civilization will be unrecognizable from today. Many people will suffer and die in the transition. I wish that were not the case. The death throws of the current order are abundantly evident. Vaccine mandates and passports are just the tip of a giant iceberg that the Titanic is currently ramming into. Bitcoin is the lifeboat.
if you don’t like Bitcoin, at least buy beans and bullets, you’ll need them.
I like your defense of bitcoin not being able to be confiscated, but based on my admittedly very basic knowledge of bitcoin, at this point I would respectfully disagree. Lets take the tyranny down the darkest path, and lets imagine we are unvaccinated non compliants in a total beast system.
Wouldn't you still most likely still need to plug your computer into the internet to transfer the bitcoin? If so, then this is the point of weakness with bitcoin, you still have to plug in to use it. If it were made illegal, you couldn't purchase items online with it. If not you would have to transfer it directly onto someone's machine? However, once you are transferring the bitcoin outside of the use of the internet, then the bitcoin would lose alot of it's value as it requires a face to face interaction, complicated by the use of computers.
This is why I would favour beans, bullets, and precious metals of the noble savages. They are tangible. If we are planning on being outside the system, then my assumption is that we would be moving back in time, to a simpler tangible good or service for barter. Anything plugged into a computer in my mind is less secure. Just like a text conversation is less secure than a one on one these days. From what I am seeing they are looking to lean totally on information tracking.
The current fiat system will collapse with such force that civilization will be unrecognizable from today. Many people will suffer and die in the transition. I wish that were not the case. The death throws of the current order are abundantly evident. Vaccine mandates and passports are just the tip of a giant iceberg that the Titanic is currently ramming into. Bitcoin is the lifeboat.
if you don’t like Bitcoin, at least buy beans and
My intuition from when I was looking into the possibility of hyperinflation and the Central Bank Digital Currency (CBDC) is that the meltup of assets or hyperinflation will occur as a transition point over to the CBDC. The FIAT currency crisis will necessitate the need to switch over to a new Currency to replace the old. This is the Reset. The Vax pass will be your bank account for your CBDC, and those who don't have the Vax won't have access to the new currency. At first the old bucks and the new bucks will be of the same value or a 10:1 /100:1 ratio. But the new currency won't be like the old, in that it will be part of a totally closed, programmable, controlled system.
So while I agree that bitcoin is good because it is Outside the system, I would still hold that silver is preferable, as it is tangible, something that doesn't play into the strength of the system.
www.zerohedge.com
