Will America become the leader in digital finance? Or are we witnessing peak stupid?
I usually like ColdFusion's videos, but I usually also don't know much about the topics being discussed, so this one might serve as a litmus test.
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170 sats \ 8 replies \ @DarthCoin 18 Dec
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0 sats \ 7 replies \ @Aardvark 18 Dec
They can make it illegal if they want. Idgaf still holding.
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0 sats \ 6 replies \ @Solomonsatoshi 18 Dec
Bold talk but not many hodlers want to be left with a stack that is illegal to use.
Most hodlers are in it for the speculative gains and so would accept a compulsory acquisition offer.
They don't need everyone to accept it - as long as a good majority do.
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0 sats \ 5 replies \ @Aardvark 18 Dec
Laws can only be enforced if enough people follow them.
The government is going to shut down p2p? That totally worked with the pirate bay.
But oh no, all those illegal mp3s!
The government trying to shut down bitcoin is exactly why you DONT sell.
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0 sats \ 4 replies \ @Solomonsatoshi 18 Dec
And yet how many hodlers acquired free of KYC?
How much trading is done p2p? SFA.
How many hodlers would refuse an acquisition offer?
How rapidly institutional custody is gaining market share.
Coinbase already hold custody over 10% of all BTC.
Have you looked at how Order 6102 worked?
They don't need all hodlers to surrender, just most.
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0 sats \ 3 replies \ @Aardvark 18 Dec
Bitcoin will still be around. USA isn't the only country.
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0 sats \ 2 replies \ @Solomonsatoshi 18 Dec
USA absolutely dominates global financial markets.
Most western nations are militarily and monetarily subservient tribute states to the USA.
The utility of Bitcoin as a p2p payments protocol is already hugely compromised via the combination of tax reporting requirements imposed upon consumers and businesses and by the removal of banking access or the threat of it faced by businesses who dare to accept Bitcoin as a payments option.
Bitcoin has already been slyly and very successfully redefined into a narrative of being almost exclusively a speculative commodity- far from the p2p payments protocol envisaged in the white paper.
If you think the Fiat Debt Slavery Bankers Cartel are not going to oppose and obstruct any threat to their MoE monetary hegemony you are dreaming...
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0 sats \ 1 reply \ @Aardvark 18 Dec
P2p is primarily used in places where it's needed. If bitcoin were made illegal to hold in the USA then innovation would happen around p2p.
I'm sure the banks are going to obstruct, but I stick to my point. I'm holding I don't care what any law says.
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0 sats \ 0 replies \ @rikbona 18 Dec
why? 'cause they understood the system they created is a total failure and now they're trying to get out from that mess
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