hopium.
regulatory capture is a much more likely scenario that your weird ambiguous Trojan horse fantasy.
Discussion
Yeah I tend to agree with you on this
Politicians do what the big money tells them to do. Who will own the money in the future? ₿itcoiners.
the big money is starting to buy Bitcoin.
which is why its not a good idea to just ambiguously assert "Bitcoin will eat the system from within"
be specific. how exactly does that work? what are the risks and how are they compensated for?
“Big money“, “the government”, basically it’s just individuals. And these individuals will continue to look after themselves as usual. The difference is this time the money is protected by unbreakable rules, not corruptible rulers. This makes all the difference. Fix the money, fix the world. It’s not just a trite meme.
The way those individuals look after themselves Is by controlling the money
It's a trite meme because it supposes that they're just going to go away quietly
and stop extracting value from their position of a power
Presupposing success guarantees failure and its antithetical to the ethos that got us this far
You can’t regulate bitcoin you can only regulate your citizens. Bitcoin has no borders it cannot be contained within a single government structure. You cannot stop a key holder signing a tx.
yeah i agree with that.
but the actual way people work is
they don't sign txs if they think they'll be separated from their family and have their shit taken from them.
even if its technically possible to get their tx mined somewhere.
so I'd call that de facto "regulating bitcoin"
Yes but this can’t and won’t happen simultaneously in every country. Maybe some governments will go this far but most will not.
yeah the geographic arbitrage argument doesn't hold up great.
i addressed it in the above post.
basically it isn't necessary
and nobody can actually say with authority "most wont go this far"
and they don't need to anyway,
as if Bitcoin is going to disintermediate the bankers who run the *entire fucking world*
and they're just going to go away quietly...
not happening.
No the powerful people bankers and politicians in the world are just realizing they need to own bitcoin the smart ones will still be powerful because they adopted it. The economic incentive is too great to ignore anymore. This is just part of adoption we are past the innovator phase. We have to expect that people we don’t trust such as governments and institutions are going to adopt it for their own benefit not for ours. But by doing so we share a common interest in bitcoins success. This is the positive feedback loop that has allowed bitcoin to go from zero to trillions in 15 years.
and so they realize its a useful thing for them
and will happily share with the common man and let him reap the benefits also?
They don't get to make that decision, they can't stop it from being universally available, they can only make it harder for people within their jurisdictions to use it. Which would be to their disadvantage on the global stage.
Exactly
The government is just made up of people. These people will ₿end the knee eventually. It’s inevitable.