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Got into a argument with my bestie about bitcoin. They kept saying that the government would shut it down soon. Shut down all the on / off ramps and it only has value because you can exchange it for USD.

I pointed out a lot of businesses accept it and more common in Africa and Central America. He said if you couldn’t exchange it then business owners would stop accepting it and you’d have to go to Africa to buy groceries.

We agreed to disagree but I was taken aback by there strong feelings about it.

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Discussion

₿harat 2y ago

I can completely relate to your experience and have heard the same argument from quite a few switched on friends. Their strength of belief in it is hard to counter.

Hendrix 2y ago

They are coming after the ramps now by using their corporate stooges and I'm sure it will get much worse. Getting into the "then they fight you" stage. This is why the circular economy is so important.

JohnH - BitcoinPlanNL 2y ago

Time will tell. Or move to El Salvador 😉

SatoshiSamurai 2y ago

Bisq negates any on or off ramps. They can’t stop person to person transactions without breaking their system of control. This is still true for CBDC’s. As long as there is no reference to btc the transaction is invisible.

🇩𝔢𝔠𝔢𝔫𝔱 🇼𝔦𝔰𝔡𝔬𝔪 2y ago

He's right that people need to be willing to accept it for it to become the standard. It's easier for people with authoritarian rulers to see the value. Some need to learn through experience.