Their goal is to make peer-to-peer transacting illegal.
They won’t make “bitcoin” or any other specific tech illegal; they will just make any transaction that doesn’t go through a third-party chokepoint illegal.
Discussion
They are the same athoritarian type people that gave us Prohibition in the 1920's
Bootlegging bitcoin transactions
They gonna have hard time enforcing it. Specially if you use nostr:npub1mftv2j67vayavkks8rqev3u8jjhefe86tf80msstfxvpunk9vmps6prkl3
They don’t need to enforce it. 90% of the population won’t touch bitcoin because it is illegal. We can still use it, but it remains to be seen how and where. Circular economies are great, but for most Bitcoiners they don’t really exist. I think this could really slow down adoption for decades
Don’t underestimate and power of the crowd. Inflation is not stopping any time soon and #bitcoin will be only solution to many people problem’s . Law doesn’t mean much in case of individual emergency.
I agree. The thing is that there will be a legal instrument that lets you benefit from the appreciation in price. The ETF…
Like marijuana?
That’s in the interest of governments and black rock. So yes, that’s what’s going to happen. I’m wondering if the resistance (us) is big enough. I’m curious how much it will slow down adoption of bitcoin. Also I’ve put everything I have into Bitcoin, so I’m a bit worried about how to use it in the near future. I mean in 20 years all of those laws are probably gone again but until then…