What Bitcoin Did How the State Captures Bitcoin w/ American HODL
40 snips
Jun 5, 2025 
In this engaging discussion, American HODL, an OG Bitcoiner, dives into the intricate relationship between Bitcoin and state power. He warns about the potential absorption of Bitcoin into public markets through financial instruments like ETFs. The conversation highlights the moral dilemmas of financializing Bitcoin and questions whether self-custody will face regulatory backlash. American HODL also debates whether it's wiser to resist or infiltrate state structures, and considers the transformative future of Bitcoin amidst growing regulatory scrutiny.
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Danny's First Gun Range Experience
- Danny Knowles shared his first experience shooting various guns and handling recoil and safety measures.
- He noted the powerful feeling and catharsis after effectively handling the firearm despite initial nervousness.
Guns as Bulwark Against Tyranny
- Civilians without firearms are at a significant disadvantage to a state that controls weapons.
- The presence of guns in a culture acts as a bulwark against tyranny, even if rarely used.
State Co-opts Bitcoin Financially
- The state is starting to co-opt Bitcoin by integrating it into public markets and financial tools like ETFs.
- This approach allows the state to control Bitcoin indirectly without banning it outright.
