The simplest way to say how you are not understanding the situation is the Bitcoin is an inherently anti governmental concept.
It is built on a long history of governments screwing over their citizens thru inflation and is a form of money that is very hard for governments to stop.
For you to 'tell" them you own it is telling a potential enemy information about yourself that could be very critical for you.
If the US government doesn't know you own it and they (very likely) can't stop it or devalue it, then you are in control. You have the upper hand, so to speak.
Read the bitcoin white paper, 'The Sovereign Individual' and read some monetary history (for example, the inflation in the Roman days) for some context if you haven't already.
youngMoney
npub1j7…33n3d
2024-05-13 23:13:47
in reply to nevent1q…xy9v
Author Public Key
npub1j72qx5wkqlmt5sz8t5f94pszt0f2d95aw6lx6gcclxa2j0a4c3hqv33n3dPublished at
2024-05-13 23:13:47Event JSON
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"created_at": 1715642027,
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"content": "The simplest way to say how you are not understanding the situation is the Bitcoin is an inherently anti governmental concept.\n\nIt is built on a long history of governments screwing over their citizens thru inflation and is a form of money that is very hard for governments to stop.\n\nFor you to 'tell\" them you own it is telling a potential enemy information about yourself that could be very critical for you.\nIf the US government doesn't know you own it and they (very likely) can't stop it or devalue it, then you are in control. You have the upper hand, so to speak.\n\nRead the bitcoin white paper, 'The Sovereign Individual' and read some monetary history (for example, the inflation in the Roman days) for some context if you haven't already.\n",
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}