0 sats \ 1 reply \ @ugmug 31 Mar 2022 \ on: If Strike and Apple partner it will bring BTC to the next $$$ level and crypto to the masses bitcoin
Unfortunately I don't think these users would be resistant to state-level attacks, like banning the use of BTC. Nor would Apple be resistant to blocking permissionless uses like self-custody addresses if the state required.
Article with these thoughts better described than myself: https://bitcoinmagazine.com/culture/the-hidden-costs-of-bitcoin-adoption
You are absolutely right. What this will do however, is create widespread access and usage. I would rather an extremely large number of people have access to crypto than not. That the US government could, for example, shut this down, is true but I don't think that will be the case. It might be. I doubt it. My thesis for this year (and so far it's playing out) is that 2022 will be the year of regulation. We are starting to see that in the US and abroad. You might not want to be regulated, you might not like the regulation, but it is happening. Not all of it will be ideal, but i think you will see very little of countries banning BTC. Why? They want to regulate it and tax it. It's that simple. Very few countries will have knee-jerk reactions like China.