stacksatsio on Nostr: Jurisdictional arbitrage is one of #Bitcoin killer features. The ability to get on a ...

Jurisdictional arbitrage is one of #Bitcoin killer features. The ability to get on a plane or cross a border with your net wealth in your head and no-one else knowing what you have is massive; good luck to failing sovereigns implementing capital controls or attempting to tax the shit out of their subjects when people fully grok this.

quoting note19ny…yktc

Changing the jurisdiction paradigm of ownership is an element of #bitcoin that is underestimated gravely. This aspect by itself is disruptive and will ruin politics as we know it.