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Outlawing Bitcoin assumes quite some things. 1. The governments are competent and could do outlaw it - The outlawing of guns, drugs, alcohol, tax evasion seems
by TigerTeamX 3y ago
Outlawing Bitcoin assumes quite some things.
1. The governments are competent and could do outlaw it - The outlawing of guns, drugs, alcohol, tax evasion seems to have had the opposite effect.
2. For all of the flaws of western governments, they are still within some kinda laws. Coinbase is a public US based company. They are entangled with pension funds, hedge funds, rich people. I am sure they would fight against this
3. This also assumes people follow the law. In general, people follow the law but when they see their banks implode, prices going like crazy, they lose their job... Well then they might not.
4. This also assumes the current system could survive. If you look at the math you'll see that there are not enough currency to pay of the debt. It is increasingly more levered system that is breaking apart.