Russia is setting up a public-private partnership to mine bitcoin. The US should counter by allowing the private mining industry in the states to flourish in the free market.
As history has shown, particularly in Russia, the state cannot compete with the free market. The US wins by letting entrepreneurs do their thing.
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Agree 💯 with your take.
However I see this 🟠 outcome continually to slide towards “chaos” as the transition as opposed to “smooth.”
The 🇺🇸 will squander the opportunity, shot itself in the foot and leave its citizens holding that bag (at least those not yet on a #bitcoin standard)
After what’s happened in Texas do you really have any hope in anything optically happening to benefit #bitcoin adoption anytime soon within 🇺🇸?
Sadly, the chances of the U.S. allowing a free market in the Bitcoin space are far less than you’d think. They will only give a token wag to their favorite VC political donors. That is not a free market. Of course, just try to buy Bitcoin or just about anything without being compelled for identifying information! That is not privacy, which is the freedom to reveal your private information whenever and to whomever you choose. Sadly, the U.S. has devolved into a corrupt banana republic with justice to favored classes and political allies of the regime. The escape hatch is closing. The end is not certain, but if we stay on this course, it’ll get ugly. Bitcoin will survive, but the U.S. will be like Venezuela with nuclear weapons and AI.
free market, what is that? Sounds really neat though!
