Personally I see this as ignorance and strategic missteps, like China banning mining. Self inflicted wounds.
If I were fighting bitcoin in the US, I would mandate every bank offer a “bitcoin” account. Then, when most of bitcoin is inside, I would ban external transfers to unregistered wallets. Then I would require all bitcoin be transferred to a registered custodian on with major penalties for noncompliance. Then I would ban receipt of unregistered bitcoin. Then I would sell paper bitcoin to manipulate the price to take peoples bitcoin or ensure that they don’t care about it. Like they did with gold.
To destroy bitcoin, I would take away everything that make it good. I would use people’s preference for convenience to take away their freedom. Bitcoin would become the CBDC.
techfeudalist /
npub1nz…0yxqu
2023-03-20 02:12:33
in reply to nevent1q…e0q7
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2023-03-20 02:12:33Event JSON
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"content": "Personally I see this as ignorance and strategic missteps, like China banning mining. Self inflicted wounds. \n\nIf I were fighting bitcoin in the US, I would mandate every bank offer a “bitcoin” account. Then, when most of bitcoin is inside, I would ban external transfers to unregistered wallets. Then I would require all bitcoin be transferred to a registered custodian on with major penalties for noncompliance. Then I would ban receipt of unregistered bitcoin. Then I would sell paper bitcoin to manipulate the price to take peoples bitcoin or ensure that they don’t care about it. Like they did with gold. \n\nTo destroy bitcoin, I would take away everything that make it good. I would use people’s preference for convenience to take away their freedom. Bitcoin would become the CBDC.",
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