What the central bank tinkerers don't understand is that blocking the exits doesn't quell demand for alternative monies. It stimulates it. Every time you set up a chokepoint, a new person googles 'what is bitcoin?' (or 'ما هو البيتكوين؟').
https://pbs.twimg.com/media/GIGtH-wWgAAIFVc?format=jpg&name=large
What is it that makes me hesitate to clock that link? Is it the format? The Arabic letters? The messed up Bitcoin hashtag?
Idc, won't click 🤣
Tough but fair! It was a test, linking to a Twitter-hosted image. It’s from a Reuters article, and it’s a statement from the Prime Minister of Egypt about plans to block remissions outside of their (recently debased and poorly managed) banking system. He thinks it helps. It just drives people towards bitcoin and stables.
They will try as hard as they can to control this and it will drive them mad that they can’t.
