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5 sats \ 1 reply \ @orthzar 31 Mar 2023 \ parent \ on: Digital Euro to have built-in limitations, "It will never be as private as cash" bitcoin
The Amish* are able to have a small parallel economy only because their religion prohibits them from doing things that would make them politically/econonomically significant. As a result, the US can afford to ignore the small Amish parallel economy.
But Bitcoiners are not economically and politically irrelevant. Bitcoiners are very active in technology, business, and politics. In a CBDC world, Bitcoiners would be like a white-hot flame in a cave. No nation-state will be able to ignore Bitcoin. There is a good chance that Bitcoin will soon become an existential threat to the top nation-states -- and they will treat Bitcoin as the national security threat it is.
(* There's more than one kind of Amish and there's also Mennonites. I'm skipping all that complexity, because it's irrelevant here.)
The context here was that most people would be perfectly content with CBDC's. In that world Bitcoin isn't an imminent existential threat to the state and we are a small minority (bigger than the Amish*, but still small).
They would be willing to invest more in bringing us to heel, than with the Amish*, but the point is that the juice isn't worth the squeeze. If we can make it not worth their while, they will leave us alone and pretend we don't exist.
If we're in this other scenario, where people are drawn to Bitcoin, because they realize the state is horrible, then it is a fight for survival. In that case I agree with your assessment.
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