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GreyMarten
b9d23edd6638b99ae910e038204eb56c414cc6c7a4122269bda94a05a6063e23
Living deep in the forest. Only sometimes getting to internet.
Replying to Avatar Lyn Alden

Sometimes people ask me, “what if American bans bitcoin like they did for gold?”

1) That’s why it’s useful to engage politically. To prevent that draconian tail risk. And it’s working. Prevent any sort of anti-Bitcoin supermajority.

2) America had a supermajority in Congress when they did that for gold. They could override every check on power. That’s uncommon. We became highly collectivist for a period of time.

3) America literally put Japanese Americans in camps back then. But not German Americans. Because we were outright racist. And this was all pre civil rights for Black Americans too. Terrible.

4) This was all pre-internet. Centralized media. Few memes. The slow speed of communication was relevant.

The meme-work makes the dream work.

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GreyMarten 1y ago

This won't happen. Because the financial elite accepted bitcoin in some way. Otherwise it would be prohi

bited long ago.

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