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.
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.
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