pull down to refresh

41 sats \ 1 reply \ @freetx 9 Aug \ on: How Governments Can Easily Kill Bitcoin bitcoin
Yes, if Volcker 2.0 arrived and raised rates to 18% (like they did in 1980s) combined with doing away with all "war on cash / kyc" policies it would destroy Bitcoin.
This is the point that I used to always make to friends who would say: "Won't the govt try to ban bitcoin" and I would say, "They already have the power to destroy bitcoin, it just requires them to live within a strict budget and not print money for their wall-street friends".
Given the fact they consistently do the opposite we can only assume they not only want Bitcoin to exist, but to flourish.
write
preview
42 sats \ 0 replies \ @Undisciplined OP 9 Aug
You'd need more than Volcker 2.0, because the rest of the world is even worse on many of these things, so you'd need at least half a dozen Volcker's plus ending those policies everywhere.
reply