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548 sats \ 4 replies \ @gabybaby 14 Nov 2023 \ on: Meta Econ Takeover Day 28 meta
"BTC is dangerous because it's not controlled by XYZ government officials"
Appeal to the average pleb's fear center in their brain which irrationally overrides any logic that may pierce the veil and expose the truth that BTC has tremendous value precisely because it's not under any government's control.
I'm not sure how well this will work at the moment, but it's a pretty timeless bad argument.
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Also, I wanted to get your take on a question I've been wrestling with lately. Beyond CBDC's, we also need to worry about the BTC market ultimately fracturing into potentially "white-listed" (by the government) and "black-listed" (again, by the government, not by users) markets.
What kind of arguments could you see being raised by gov't to persuade unsuspecting, relatively unsophisticated normies to trudge over to the white-listed (but fake, I would posit) asset vs. the real deal?
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I might not be understanding your premise exactly, but they might appeal to the "legal recourse" argument (if you get screwed by someone in the approved economy, you can use the state's legal system to seek compensation).
I assume there would also be the same smears that are currently made against Bitcoin that it's used by criminals, so using it is aiding criminals and makes you suspect as well.
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Certainly not entirely relevant at this very moment, but I surmise it may be soon enough when the US CBDC inevitably arrives in some form or another.
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