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102 sats \ 1 reply \ @73cee26b0b 15h \ parent \ on: The part of Bitcoin you *have* to trust bitcoin
Powerful Nation State-
  • prints money to execute 51 percent attack
  • use printed money to short leveraged longs like MSTR
  • control media narrative (quantum threats etc)
  • simultaneously ban ownership, transactions, mining
  • confiscate from treasuries
If COVID can take Bitcoin to four digits, I seriously think this could as well. Could even be net profitable.
The US could do this and no other country would give a shit (China and Russia aren't going to swoop in).
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0 sats \ 0 replies \ @SwapMarket 9h
I would like them try. This will nuke their own currency first. How do you ban ownership, mining and transactions, exactly? There are other countries in the world besides the US. They will continue mining uncensored version, effectively forking the blockchain. The US will be left with coins that no one wants.
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