One of the huge advantages the US has is the power that individual states have to make laws to protect their interests around Bitcoin. With that said, one of the issues the US has is the unbound amounts of ego and stupidity found at the highest levels within government leadership. The G7 countries will likely be the last to embrace it because they have the most to lose from a global perspective.
Discussion
Meanwhile Klaus Hitler wants a world government … 😡
The ones with the most to lose will end up being last to adopt Bitcoin. It’s the reverse cantillionaire effect. Bitcoin is truly amazing in its design.
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I’m not a knowledgeable person on adoption patterns and not sure if it is unique to BTC, but it is very interesting that it’s design has allowed for the smallest players to adopt first before the big players come into the picture. Maybe it’s because the small market cap and they would really create large price moves by accumulating rapidly. But seems to be another intricacy whether intentional or unintentional
Our government is so fucked. Full of a bunch of leaches who are too scared to take serious action, action we desperately need.
If only there was a path for younger, smarter, motivated individuals to penetrate/gain influence in politics. But then again, who the hell would want to be in politics!?
I have thought a lot about this. There are myriad young, smart, influential people in the BTC community. I love many of their podcast and other forms of content. However, I feel like these are the exact people that need to be in political platforms to let their knowledge enlighten a larger population and truly insect change. What incentive structure can there be for these people to enter into the political realm? Obviously it’s a private club of elites, but the more BTCer type people try to penetrate that realm eventually more and more will pass through.
I don’t want the government to take serious action. That’s actually the problem. All too often we look to the federal government to fix some problem we can solve at a lower level of government or ideally in the free market. If the federal government enacted a freeze on new spending and new regulations, you’d see the market and local governments step up so much more effectively. Entry *and* exit works for the free market… it needs to be employed in the government as well.
Unfortunately the “free market” doesn’t exist anymore. I feel like it is too far past gone to go back to that willingly. The loss of individual accountability has led to overreaching government control. Without accountability at an individual level for a large portion of the population, how do you convince them to give up their knight in shining armor (the government) to bail them out
Realistically how long can they avoid Bitcoin? If smaller countries start reaping the benefits is their anyway the US still isn’t there in say 20 years?