I remember hearing Mechanic say this a number of times. Something along the lines of that you need the state to attack Bitcoin or it becomes soft and complacent.

Ironically a blue admin would probably be beneficial for Bitcoin’s fiat exchange rate cause everybody would be coinjoining and opening Lightning channels in fear of wealth confiscations.

teemupleb

Even when the pendulum swings back to blue I don't think they'll be able to ban it. It would take a charismatic dictator and there's no one in US politics that fits that description.

Even a US white market ban wouldn't destroy Bitcoin. It would dump but recover as miners and capital move elsewhere.

bitcoin

A government ban would be worse for bitcoin than quantum attackers - SBarbour

Scoresby

Even when the pendulum swings back to blue I don't think they'll be able to ban it. It would take a charismatic dictator and there's no one in US politics that fits that description.

Even a US white market ban wouldn't destroy Bitcoin. It would dump but recover as miners and capital move elsewhere.