They won’t sure the govt if the govt puts them in charge of the new “govt bitcoin banking reserve.” Easiest way to consolidate power is to give a little bit of it to the people who have the capital you want to control.
The govt would easily PR their way to controlling what they need to if it’s left this centralized and vulnerable. If it’s an existential choice between the govt status quo and the people’s rights, there is no ambiguity in what decision they will make.
Disagree. The lawsuits would just move down a level. There would be multiple class-action lawsuits by shareholders against all of these companies for not upholding their fiduciary duty responsibility.
This would get hella messy and there is no way the G could PR their way out of this; Especially with how polarized politics and ideologies have become.
I think the shifts in the political environment in the past few years has made it far less likely, but I think that also depends on how hard they come down with the hammer if they consolidate more power in the next few years or not. I’m hopeful in that regard though. I think they are losing their grip on things and general dis-consensus in the political power world is good for us.
