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100 sats \ 2 replies \ @2bithits 30 Jan 2023 \ parent \ on: What is the best takedown of Bitcoin out there? bitcoin
Its a very small possibility. Maybe if we get a strong man takeover of the US where they confiscate asics.
Bitcoiners will see this coming & set up elsewhere.
Unlikely, but yeah don't get too comfortable thinking nothing like this could happen.
Prepare for the worst
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0 sats \ 1 reply \ @Lumor 31 Jan 2023
If FATF and BRICS countries agree they don't want competition with their fiat, things are going to get spicy.
As long as we are not seen as a threat in geographical territories with a good mix of cheap energy and preferably cool climate, we are okay. Otherwise we'll have to find an alternative to proof of work (no, I'm not advocating PoS).
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0 sats \ 0 replies \ @2bithits 31 Jan 2023
Sovereign individual thesis. If the West want to stop bitcoin mining, other countries or jurisdictions look to benefit from productive companies & individual wealth.
Free market & truth win in the end.
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