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I doubt they are hodling though. You aren't wrong. The argument that bitcoin is bad because of the people that use it is weak. It will not work in the long run.
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Maybe. But don't underestimate the power of limitless money in the name of a righteous war. And don't forget the willingness with which people will give up their rights when afraid, and give up the rights of others without any contestation whatever.
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The more north Korea and Russia accumulate, the more ammunition for the Western propaganda machine.
And to be clear, they are accumulating via hacking, extortion, and ransomware.