Sometimes people ask me, “what if American bans bitcoin like they did for gold?”

1) That’s why it’s useful to engage politically. To prevent that draconian tail risk. And it’s working. Prevent any sort of anti-Bitcoin supermajority.

2) America had a supermajority in Congress when they did that for gold. They could override every check on power. That’s uncommon. We became highly collectivist for a period of time.

3) America literally put Japanese Americans in camps back then. But not German Americans. Because we were outright racist. And this was all pre civil rights for Black Americans too. Terrible.

4) This was all pre-internet. Centralized media. Few memes. The slow speed of communication was relevant.

The meme-work makes the dream work.