Replying to Account deleted

Why is it not? How is what you describe common sense? It’s a scenario. Yes, history does repeat itself. But new tools create new ways of exerting control.

In the scenario I posted a controlled fork would potentially be a CBDC in disguise. You gain much more control with that than stopping people from owning an asset.
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hh 2y ago

Hard forks happen. As a financial institution who wants people to trust their money to them, it's common sense that they spell out what they would do in such a case. It's part of their fiduciary duty to do so.

Imagine they didn't say it, and there was a(nother) hard fork. How do they decide what to do? They would open themselves to lawsuits and what not. Now that's out of the way (in part - I'm sure someone would find ways to sue them anyway).

The play is the confiscation of a large enough amount of BTC.

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Account deleted 2y ago

So why attacking PoW, and change the code propaganda? You want to know where they are heading, disect their PR keeping in mind all that Bernays taught them.

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hh 2y ago

Because the government and the elites are not one single monolithic block. A faction still believes they can destroy crypto and BTC, and they're trying by all means necessary. Another faction is actively working to coopt both, especially harder to kill, more dangerous BTC.

69
Account deleted 2y ago

You underestimate the capacity of “toxic” people (psychopaths, narcs, whatever term makes you happy) to silently recognize each other and gang together when their interests align. Research shows that they can identify each other in a crowded room without having to communicate.