During a recent discussion at New York City's PubKey, SEC Commissioner Hester Peirce emphasized the importance of Bitcoin as a permissionless network crucial for freedom, likening it to tools that could have aided historical freedom fighters. She addressed concerns about government overreach, referencing Executive Order 6102 which allowed the confiscation of gold, conveying that vigilance is necessary to protect citizens' assets. Peirce advocated for transactional privacy as a fundamental right, highlighting Bitcoin's resilience against seizure due to its unique characteristics, such as decentralized storage of private keys.
To protect ourselves from something like Executive Order 6102, we must reaffirm the founding principles of America and hold the government accountable to those principles.
Peirce highlighted that Bitcoin is a tool for freedom fighters and stressed the importance of permissionless technology.
Some of Bitcoin's qualities, such as the ability to store one's seed phrase in one's mind, make it more resistant to seizure than gold.
It's crucial that the world has a permissionless network and asset like Bitcoin, and that transactional privacy should be a right for U.S. citizens.
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