deleted by author \ stacker news ~econ

pull down to refresh

156 sats \ 11 comments \ @ooo 22 May 2024 econ

deleted by author

0 sats \ 3 replies \ @didiplaywell 22 May 2024

No state that seeks control of its population can allow itself to adopt bitcoin. Indeed China and Russia have stated already that they are pursuing the imposition of a CBDC, which is already in effect in China. Even USA politicians have proposed a CBDC. Bitcoin adoption will not come from political decision within a tyranny.

0 sats \ 2 replies \ @ooo OP 22 May 2024

deleted by author

7 sats \ 1 reply \ @didiplaywell 22 May 2024

So far I see that distinction was the very reason Bitcoin was created in the first place. It's a given. Reaching adoption within that context is our challenge.

10 sats \ 0 replies \ @ooo OP 22 May 2024

deleted by author

0 sats \ 1 reply \ @Undisciplined 22 May 2024

They still have quite a few cards to play. However, it's clear how this story ends, even if we don't know how many more chapters there are.

Gradually then suddenly

0 sats \ 0 replies \ @ooo OP 22 May 2024

deleted by author

0 sats \ 4 replies \ @Satosora 22 May 2024

They are working together. You think the rest of the world trusts their currency, though? More than the dollar?

10 sats \ 3 replies \ @ooo OP 22 May 2024

deleted by author

0 sats \ 2 replies \ @Satosora 23 May 2024

or it might falter they lose a shit load of money. Just imagine how many people will scramble back to the us dollar.

10 sats \ 1 reply \ @ooo OP 23 May 2024

deleted by author

0 sats \ 0 replies \ @Satosora 23 May 2024

maybe... its possible