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There are two counter arguments: 1. As real US infrastructure and capacity continues to crumble, the government could become less and less effective in its enf
by cft 6y ago
There are two counter arguments:
1. As real US infrastructure and capacity continues to crumble, the government could become less and less effective in its enforcements. As an extreme example (first hand) you won't find police on the roads in Honduras or in El Salvador, not because there are no traffic laws, but because the governments are helpless.
2. Big banks actually want Bitcoin. They are smart enough to see past the end of the dollar ponzi scheme, and they aren't concerned with optics or with election cycles.
I personally think it would be a great idea for the whales to grant each US senator 300 Bitcoin, and each congressman 100 Bitcoin in recognition of their excellent service to the people of the United States.
- fshbbdssbbgdd 6y ago>I personally think it would be a great idea for the whales to grant each US senator 300 Bitcoin, and each congressman 100 Bitcoin in recognition of their excellent service to the people of the United States. It would hardly be the first time some special interest tried to bribe the government for favorable treatment. I think to succeed you need to be a bit more subtle these days.
- ben_w 6y agoIndeed. If the US houses could be bought for such an on-the-nose $16.8 million, I’m sure half of world governments would do it — Côte d’Ivorie could afford that kind of bribe as a rolling expense for <1% national GDP.
- casi 6y agoFTX (crypto exchange) was one of Bidens biggest donors last year...
- phyalow 6y agoSBF just making sure he doesnt go the way Arthur Hayes and friends did.
- SideburnsOfDoom 6y ago> Big banks actually want Bitcoin. They are smart enough to see past the end of the dollar ponzi scheme, Ahaha. Citation needed, extra-ordinary claims etc.
- delaaxe 6y agoNothing extraordinary, it’s been in the news constantly for the last months: Morgan Stanley, BNY Mellon, JPM, GS, Blackrock
- SideburnsOfDoom 6y agoAre you saying that it is in the news constantly that those banks "see past the end of the dollar ponzi scheme" ? I somewhat doubt that, but I'm open to evidence. All I've seen is that banks want a cut of people's transaction fees, and don't really care what the transaction is about. Banks make money on transaction fees, so yeah. That's not even the same as the first part, "banks want Bitcoin".
- delaaxe 6y agoSorry I was just answering the "want Bitcoin" part as in https://www.coindesk.com/morgan-stanley-cryptocurrencies-investable-asset-class https://www.coindesk.com/morgan-stanley-cryptocurrencies-inv...