22 sats \ 1 reply \ @fedelang 28 Mar 2023 \ on: What would you do if Bitcoin was banned? bitcoin
Like every government in the world has aligned incentives. You start with a fallacy.
If you ban bitcoin because as a technology it weakens you, your adversary will use it.
Banning something makes it even more scarce. Look what happened with banning ppl form getting dollars in Argentina. Normies are still buying dollars and at a premium.
For sure you can ban a technology, you can't uninvent it.
I agree with your view on that national security aspect; I know the scenario I bring up is completely unrealistic. That doesn't make it any less interesting of a hypothetical, especially with how similar it might be to those areas where dollars are banned.
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