3 ms·
> Transfer across political boundaries: is there ANY inherent guarantee? Yes, there is some guarantee. The guarantee is that government already have had numer
by stale2002 6y ago
> Transfer across political boundaries: is there ANY inherent guarantee?
Yes, there is some guarantee. The guarantee is that government already have had numerous motivations to ban bitcoin already, and yet most governments have not seriously attempted to do so, likely due to the very significant efforts that would be required to do that.
I have been hearing "The government is going to ban bitcoin!!!" For 10 years now. And for 10 years, no government has been successful, and most countries simply been dismotivated from doing so.
- virgilp 6y agoDo note that I don't claim (or think) that it's very likely for this to happen. But the comment I replied to made a strong claim: that (technologically?) BTC offers this ability. This is not just some nice property that it currently has, it's part of the "intrinsic value" of BTC. This to me sounded like a claim of "guarantee", not just a claim that "nobody banned it yet, and maybe they won't ban it in the future, either".
- cft 6y agoBTC now is only 0.6T. When it approaches M3 money supply, expect an attempted government action. Whether it's successful or not, is a separate question: it would have to be coordinated across G20 to be "successful".