From “systemic risk” to “systemic control” - is ultimately the direction of travel - especially if you look at other avenues being pursued.

Take CBDC’s for example - despite all the purporting to provide greater choice; flexibility in payments; security etc. and:

“Any future laws on a digital pound would guarantee users’ privacy and also guarantee that neither the Bank of England nor the Government would be able to control how you spend your money.” Source: BoE website.

It feels a little disingenuous to say the least; and that ‘they’ think all are naive enough to believe these assertions. Unfortunately - I do think many are - so not sure what the answer is, other than to hope that decentralised technologies outpace the governing bodies…which is very possible.

#bitcoin #decentralisation #blockchain #techforgood