My reason for organizing my follows was to see more from people to the right of me, to hopefully learn and think at a higher level than I currently do. I do feel I'm using my brain less than optimal for a good portion of time.
Let's define this point as bitcoin being used as money day to day, where I can pay my groceries, rent, and utilities with sats here in Europe.
My thoughts, and I'm interested to hear your view on this:
Money = power.
And the powers that be in this world, US, China, RU, and EU, want to maintain their power. I think as soon as they feel their power threatened by bitcoin they can squash any bitcoin company within their jurisdiction, easily, and any small business accepting bitcoin. Though it seems unlikely they can fully abolish p2p usage and mining. I.e. individuals can have boating accidents, but larger organizations can not.
Can these countries use bitcoin to their advantage without controlling it's use?
Will adoption of bitcoin undermine their power enough to degrade their ability to stop further adoption?
Even if it's use is limited to just a store of value, they can tax it to inconvenience.
Maybe it's me but I can't remember reading a solution to this.
I think if we can not separate the organization of people into businesses, from their dependence on government and law, there is a <50% chance for bitcoin to see mass adoption.
