An exceedingly long
rant response was hereby cut, and replaced with the following:
Who appointed the United States and its institutions to supervise Bitcoin?N.b. that I myself despise financial speculation in principle. I think that in a perfect world, there would be no significant financial speculation at all. If I find myself in the unusual position of defending that sort of activity, then that may be a sign that you have stepped into the zone of
HANDS OFF MY BITCOIN and
AMERICA IS NOT THE GODDAMN WORLD POLICE—AMERICA IS NOT THE BITCOIN POLICE.
Surely, that is part of the justification why bitcoiner should NOT be blanketedly cheering for BIG government to be taking down Bitmex and its various agents, presuming them to be criminals - even though currently, they are being charged as criminals. There are due process rights in America, even though sometimes those due process rights are NOT fairly applied or allowed, so of course, frequently injustices occur.
I am NOT proclaiming that the various departments of the US justice system (who are purportedly representing the interest of the US people) are without a variety of justifications, but surely they need to have jurisdiction over the matters that they are alleging and charging, and due process of law should be allowed, including in criminal cases there are presumptions of innocent until being proved guilty. Therefore evidence needs to be shown in a court of law, and criminal cases surely have intent elements that must be proven in a court of law, too.
I am more inclined to presume that injustices are taking place on the side of the accused, when I see members posting about the guilt of these various players way before evidence has even been adequately described (and sure in the court of public opinion, we might even be relying upon more flimsy evidence regarding how we might feel about the situation).
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Karartma1, I don't think you need to abandon ship. Let's wait and see how this plays out. It's all good to have total freedom to do whatever we want, but do you remember how Elwar's seastead ended up? We've got to tread carefully, or my statement "we'll end up filthy rich, but unable to enjoy our riches" may come true.
For sure, if we are feeling overexposed to bitcoin, maybe we cut back on our allocation a bit.
But, even with various negative news like this, it remains difficult to figure out where to better put your money, and even if there might be some justifications, based on recent news, how to better allocate.
Of course, each person has to decide for themselves the extent to which they might be over-allocated in bitcoin, and also if s/he might become a target of governmental actions and/or overreach based on his/her own situation - whether that is being accused of some conduct that s/he did not consider to be against the law.. but sometimes safety measures may well need to be taken in regards to where to hold stash and how much of the private keys are kept off line. I personally find it can be quite difficult to attempt to sell BTC directly, especially if we start to get to very large numbers, in the future, so in that regard, it is likely better to have some arrangements with traditional institutions to be able to have avenues to liquidate portions of your BTC stash from time to time and also reporting on taxes, consulting with attorneys and accountants and things like that could be helpful too.
If any of us are pulling out anything approaching fuck you status levels, whether that is a million or more or even in the territory of $6million or more, then we may well need to have some of those liquidation relationships because it could be much more difficult to operate peer to peer with those kinds of quantities, and then might we be interacting in circles that might end up causing questions to our own actions, too - even if we personally believe that we are trying to stay above board with every one of our actions.
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I don't know what the right is anymore. It has splintered into several factions... Neocon hawks that are actually democrats, and conspiracy theorists. While the left has become the actual thing that they are saying the right is... Just the mirror image. Basically woke fascists.
I seriously think it could be the prelude to the (some sort of?) Apocalypse. Lol.
Yep.. preparing for and conceding to the possibility of apocalypse and Armageddon-like scenarios are seeming way less outlandish than they were feeling pre-2020.
Might have even called you out as a "nutjob" before you even had a chance to finish your sentence - but these days, you are coming off as somewhat reasonable deploying that
apocalypse term.