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Humble Bitcoiner

Game theory:

- All ETF’s will be approved

- Government closes in cooperation with financial institutions the gates to Bitcoin exchanges

- no more buying and self custody possible

- if you want corn you can go buy our ETF product

- institutions will earn insane amounts of money out of it

- the floating self custody supply gets even smaller

- more people start realizing they want self custody

- P2P transaction will skyrocket

- physical Bitcoin will go up 1000x in price

086564b2... 2y ago

My game theory for the usa (which they will insist other countries to follow)

1. All wallets, mixers, etc become unlicensed financial centers and must shut down or have the gov wipe them out.

2. Only an approved cbdc regulated full KYC gov regulated wallet will be allowed.

3. ETFs are approved. You can buy into their etf but that is a bunch of garbage.

4. Self custody is illegal. They use scary words like terrorist, etc.

5. Bitcoin with such an open blockchain is challenging to keep private.

6. ISP’s are always on the hunt for P2P transactions as they are instructed to and held liable by the government.

7. Phone companies know if a p2p transaction takes place. They report to the gov.

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Discussion

InBoston 2y ago

I am going to take a shot too.

1. The gov holds onto the btc it has as a security measure.

2. A black swan event causes hyperbitcoinization.

3. The supercomputers will be dedicated to cracking 256 but encryption.

4. Lost wallets will be drained and controlled.

5. Back to square one where one of the dominant currencies is controlled by the gov.

6. But it’s just the beginning of decentralized currencies.

086564b2... 2y ago

The gov is the adversary. And they play to win. I wonder how things are kept safe on the darknet?

InBoston 2y ago

Agreed. The adversary will go to any extent to maintain their stranglehold on world economy. I’m sure they are working on to keep the hold in scenarios where btc is a dominant money mover.

https://theweek.com/articles/469742/history-detective-did-churchill-sacrifice-city-protect-secret

Azz 2y ago

We need to showcase the absurdity of the laws, like the cypherpunks of the 90s with their munitions T-shirts.

Stacking Functions 2y ago

Didn’t the US gov sell off all of the confiscated Bitcoin they had? Seems like something they would do

086564b2... 2y ago

They have reportedly 5.5 Billion worth of BTC. They are one of the biggest whales. They have had a few tiny tiny auctions a while back. Seem to be holding only.

Zach⚡️ 2y ago

They said they were selling it all this year and then made one sale and seemingly forgot about the rest 🤣

Zach⚡️ 2y ago

Supercomputers cannot crack SHA256

The more research I do, the less I believe that we’ll see it crack in a meaningful way in our lifetimes.

I’m definitely not an expert though, and P2PK addresses would definitely be the first to be compromised.

Zach⚡️ 2y ago

People like you and me will stop this

086564b2... 2y ago

Thanks friend, but I think it will take a majority of people standing up to the government. Not sure if that will happen. 🤷🏻‍♂️

More likely people will have to be on TOR only.

Zach⚡️ 2y ago

It only takes a motivated minority. Probably 5%.

Plus, our motivated minority will become exponentially more wealthy over time, which will help us influence policy and regulations.