Dystopian, yes, excessive, yes. I still don’t think this strategy is successful in stopping bitcoin though, on the contrary might accelerate it for everyone else. Even for people in their own country.
Discussion
If the west was in a hot war with China and Russia and they started to openly mine and hold it on their balance sheets, what would the western politicians say about bitcoin? What would Frank and Susie next door think about bitcoin and the people who support it? The truth at this point wouldn’t matter. I still believe the majority of people would believe the story told to them.
The US would turn to shit, the rest of the world turn to a bitcoin standard 🤷♂️
The rest of the world would align with Russia and China?
Spitballing here 😂 miss your questions!
If Russia and China are on an open standard, yes, I wouldn’t say they are aligning with them, just joining the free market (ironic).
I predict however there’d be a third front with countries like El Salvador, that are completely distant from all these global players.
Big players would still want to consolidate.