Assuming Politicians are good and honest people, could their hesitation towards #Bitcoin stem from concerns over how to protect citizens from volatility? How might they balance the promise of #Bitcoin against the stability offered by the #USDollar? Let's discuss the challenges and opportunities. #crypto #finance #debate . .
Discussion
Tether but in all honesty no asset is guaranteed to be safe.
Even Bitcoin, or The Dollar could crash tomorrow, The FBI could arrest Satoshi Nakamoto, and find out he was a rapist that kills puppies, or China could invade Taiwan, and Trump would be like "oh, China, protecting Taiwan is too expensive".
The best move is to have a little money in everything to counteract any downsides.
For example lowering interest rates benefits real estate but hurts bank, vice-versa.
I guess a predictable 12% decline is “stable” enough for most people in the eyes of the government.
It's not honesty or dishonesty. Politicians' actions are sometimes (most of the time?) just governed by what they think is the popular stance among their constituent party members. They are just trying to get reelected. When they lie, it's because they are painting a truth that their constituentcy will like.
I think politicians don't like bitcoin because the media doesn't. Media will report that they voted for that "goofy bitcoin bill" if they do. Members in both parties will think that is bad (older voters).
The key is for the young voters to become the new old voters while the old voters die off. The media will start selling to the new older generation that likes bitcoin.
Interesting, we indeed need cleaning of ideas and thoughts, so new ones can emerge