Well, there's already a massive consolidation happening with the big institutions, who are all government controlled at the end of the day.
If, for example, the govt wanted to make Bitcoin illegal or extremely regulated to the point that it's being strangled, there would be nothing to stop it from happening.
In the hands of 10's of millions of users, it would be virtually improve l impossible to enforce anything.
Plus, the govt currently confiscates Bitcoin and sells it off cheap to push the price down. Even with that, Bitcoin is resilient. I'd probably bet on BTC regardless of what manipulation the govt was doing.
Captain Jingle Pants
npub19p…qtvyt
2023-11-20 01:41:07
in reply to nevent1q…hvrv
Author Public Key
npub19pjhvcheqfgdd7qznd9sdcj7qyvxma3urmuw6zat67dq4memmjyqnqtvytPublished at
2023-11-20 01:41:07Event JSON
{
"id": "f6f2eafad3d47573983c1861d91a9930ef17eaafcb47246b57e8e15944a81e46",
"pubkey": "28657662f90250d6f8029b4b06e25e01186df63c1ef8ed0babd79a0aef3bdc88",
"created_at": 1700444467,
"kind": 1,
"tags": [
[
"e",
"ae3c65aa90913bb857fb53e68a7f5acfa5230677d56ef2be7615ccee80d7a1ea",
"",
"root"
],
[
"p",
"a3eb29554bd27fca7f53f66272e4bb59d066f2f31708cf341540cb4729fbd841"
]
],
"content": "Well, there's already a massive consolidation happening with the big institutions, who are all government controlled at the end of the day.\n\nIf, for example, the govt wanted to make Bitcoin illegal or extremely regulated to the point that it's being strangled, there would be nothing to stop it from happening.\n\nIn the hands of 10's of millions of users, it would be virtually improve l impossible to enforce anything.\n\nPlus, the govt currently confiscates Bitcoin and sells it off cheap to push the price down. Even with that, Bitcoin is resilient. I'd probably bet on BTC regardless of what manipulation the govt was doing.",
"sig": "96f48a49c01b74e8d8985b044e019a3cebd85eb32893a04361c6106f490e7f2b20c54317cb11a61d7e622d13d19bcc54280dce3507c5a58c3c876d525ea3f974"
}