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0 sats \ 0 replies \ @SaloonCat 29 Apr \ on: Russia announced will ban the circulation of Bitcoin in September 1st, 2024 bitcoin
When great powers are in a state of direct conflict, each has a strong justification to enact powers that wouldn't be accepted under conditions of peace. Without assigning responsibility to any side in the present conflict, the lack of interest in diplomatic solutions among bitcoiners has been remarkable.
Partly, that's because you risk losing social media followers if you start commenting on areas outside your area of expertise. There is one notable exception, and his solution is for Russia to be conquered. I have no doubt that's been noticed in Moscow.
As much as I find there to be no reasonable alternative to permissionless hard money, anyone involved with Bitcoin in any way needs to consider how a people can defend itself against attacks like that which took place at Crocus City Hall. Russia believes the attackers were paid using Tron.
https://en.sputniknews.africa/20240330/sputnik-finds-cryptocurrency-wallet-possibly-linked-to-crocus-city-hall-terrorist-attack-1065833994.html
In the same way as I find it difficult to blame Moscow for its careful surveillance and suppression of domestic opposition with links to, and funding from, those who seek to conquer it, I find it difficult to blame Moscow alone for this decision, given the complete disinterest shown by those involved in cryptocurrency (Bitcoin in particular) in peaceful, diplomatic solutions.
Of course, it leads us all closer to a CBDC dystopia. Russia's will certainly be interoperable with China's, as will that of the US in due course. But as that process unfolds, people involved with Bitcoin will have to assume the consequences of their political naïveté, dismissal of the victims of violence and ignorance of geopolitical realities.