> If government disappeared civilization would halt. People who are confident in themselves and have the guts to go alone...they don't want any government prot

> If government disappeared civilization would halt. People who are confident in themselves and have the guts to go alone...they don't want any government protection, matter of fact they never asked for it and don't want to pay for it. Government doesn't leave these people a choice to opt out of their protection, hence they start prosecuting them > if the US and EU decided together to ban crypto Coinbase has 50m users, and that's just one exchange. Nobody has the political goodwill to upset hundreds of millions of cryptocurrency investors who'd vote them out next time around. Maybe only China and Russia can. For sure not the US or the EU > Is also missing the point because nobody wants hyper strong currency but a few people who misunderstand currency. BTC success proves that the majority of the population wants that, it might be ignorant but in the end academic papers are not how decisions are made in megasocial groups such as nation states. The population comes up with an idea about how things should be run and dealt with, then people expresses such idea via voting with their wallet, voting with their feet, proper ballots, pressure on institutions etc. Your beloved Fed is the most political agent out there, which was created to calm the population's worries and in response to people worries about inflation and unemployment. Sure enough it's mandate is super political and the answer to people's worries: 1) Price stability which is a way of saying keep inflation low. That's because the population was scarred by inflation in the past and wants institutions to protect against it. 2) Maximum employment: Is there anything more political than this? People were scarred by losing their jobs in the past and want institutions to protect against such thing. People are realizing that the Fed is not doing the best job it can possibly do with #1, instead it is actively hoping for more inflation. So they are looking around to see if there's any concept which is dealing with their worries in a better way and they found crypto > If there is an issue with the Central Banks then we should address it because we need 'good money' a lot more than we need to collectively imagine that 'special long numbers' have some kind of value. That's not what you do. You don't fight, you leave and go where are you served better. People hate inflation and want deflation (regardless of the macroeconomics implications, that's what they want. Period), and sure enough they are voting with their wallets and abandoning the Fed which has a 2% inflation target towards BTC which has an inflation target heavily in the negative and a limited supply