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.
