76 sats \ 2 replies \ @OT 10 Nov 2023 \ on: Does Bitcoin have a hostage situation of its own? bitcoin
You might see a significant exodus from the UK with rules like this. Its bad for businesses set up in the UK who will be affected most.
The market might respond with more p2p trading. Just remember bitcoin can be bought from all over the world. They cannot stop it, just make it annoying for us (like everything else when interacting with the government).
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20 sats \ 1 reply \ @SatoshiNakanodo OP 10 Nov 2023
I agree.
I think it just depends on how motivated the citizens are to break free, and how far the rule-makers are willing to go to slow the exodus (ie. banning VPNs, blocking p2p websites, forums, etc).
Either way, a black market would likely grow from their efforts, and I think the differential in price between captured BTC and non-captured BTC could grow to be astronomical
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10 sats \ 0 replies \ @OT 10 Nov 2023
Is this law being talked about or has it been passed?
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