And you think they haven’t been creating propaganda against Bitcoin yet? They have been for 15 years. If their goal is “banning p2p” they are going to be in for a wake up call. They would first need to try controlling 51% of hash power, which at this point will prove very difficult if not impossible. Then by the time they get control btc will fork to ignore that hash signature and all of those machines will be useless. All just to short term attack the network? Again this just doesn’t sound logical or economically feasible at all. They can spread lies all they want and collude with regulators but these regulators only have jurisdiction in tiny pockets. BTC will move where it is favored, it’s that simple. Look at the China ban in 2020 and you’ll understand and attack on Bitcoin just splitters it into a thousand new enemies
You can control the price by scaring the shit out of people through various regulatory tactics. What is stopping them from banning P2P currency, and pushing a massive propaganda campaign to make Bitcoin public enemy #1 in the minds of the brainlets out there?
https://bitcoinmagazine.com/culture/doctor-bitcoin-jailed-for-selling
These people deeply embed themselves in the market - look, they finally got to Binance and installed their own puppet. I think we need to be a little more skeptical over the lengths these people will go to protect the systems they have spent decades building.
Discussion
"BTC will move where it is favored, it’s that simple."
That I do agree with. It'll go where the regulators haven't yet managed to institute their fiat system of control, like Africa and parts of Southern America.
For sure. You do drive a fair point that we are going to be up against serious nation state attack soon and we all need to be ready and prepared for that.