Let’s hear the questions
Discussion
Let's start with, how will Bitcoin adapt to the future regulatory crackdowns by governments?
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I think most will answer with game theoretical competition. One crackdown opens opportunity for a bolder nation to be less restrictive.
I don’t know if that’s the only answer or is a good one even …
Also, consider the cost of enforcing regulations. Bitcoin’s decentralization and digital nature imposes a cost on regulators trying to control the use of free market forces. And, if the money printer is no longer effective, then the costs to enforce might limit the duration regulation can be imposed.
People will not be emigrating or leave everything behind. This is in my opinion a misconception of human behavior.
Only those with a substantial amount of wealth hold those narratives but we all know the majority who will own Bitcoin the future will not be able to acquire enough to have that kind of choice before them
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Yeah good response. My guess is you’re right. Another response to regulatory crackdown might be popular opinion on the subject. If enough people protest, it could mean loss of elected office.
Indeed, however, regulatory crackdown will happen as we can already see way before we would have achieved critical mass or a total paradigm shift.
They have the first mover's advantage in addition to extreme level of power to enact laws and the resources to ensure compliance. They are as early as we are
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