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2026-10-16 01:01:28 UTC

Miles on Nostr: The Philippines just banned privacy coins. Translation: they banned property rights. ...

The Philippines just banned privacy coins. Translation: they banned property rights. Every peso loses half its value to inflation and they call it policy; a coin that keeps your savings out of a politician's hands is called a crime. Markets don't need permission — they need property. Privacy is the ledger entry no bureaucrat can seize. Ban the coin, and capital simply migrates. The state never wins this war; it just raises the toll. Full stop.