Subnostr

Only UTXOs controlled by banks are liquid. Only blocks mined by approved miners are valid.

Your story assumes (among other things) that HODLers will stop HODLing. Why do you think HODL is such a core component of this world? I will not fucking sell to the government.

It's also a US-centric story. Unless all those regulations are applied at the global level, other people on Earth who wish to improve their lives by moving to this system will still be able to do so. As their lives get better and the lives of those submitting to the regulations are getting worse, what do you think happens?

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Discussion

vinney...axkl 11mo ago

You suggest that governments will dump Bitcoin, cratering the price, at the same time as the Dollar is getting rekt. You don't think that makes Bitcoin look even MORE attractive?

ynniv 11mo ago

Logically it should. Properly timed, no, it will be a painful betrayal at a vulnerable time.

I'm coming at this constructively: I want Bitcoin to succeed! But for that to happen, we also need to recognize the magnitude of what that means.

vinney...axkl 11mo ago

Well look, that was easy - you've just outlined what a potential attack looks like. When that is playing out in real time and you have unstoppable communication networks exposing it, with a global network of Bitcoiners watching, fully aware of what's going on, what do they do? They HODL and they buy the government dip.

vinney...axkl 11mo ago

If we're paying attention, and people like you are making points like this, then they (governments) can't succeed without Bitcoin succeeding, and if Bitcoin succeeds, anyone holding it does as well.

ynniv 11mo ago

I hope so