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With Bitcoin, there are certain elements that make it desirable as a bargaining chip during internal power struggles. The claim of banking and government being
by mntmoss 7y ago
With Bitcoin, there are certain elements that make it desirable as a bargaining chip during internal power struggles. The claim of banking and government being joined at the hip is true due to pragmatic convenience: If you want to have power over things like militaries and social services, you need a solution for financing and that sends you into the arms of the bankers. But if you start having an option to opt out, to say as a large institution, "we don't need you," then the banks have to start to compete.
At the end of that struggle, you still have a government in control of its financing, but the shape of it, borne through so many battles, is likely to be more efficient.