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USA absolutely dominates global financial markets. Most western nations are militarily and monetarily subservient tribute states to the USA. The utility of Bitcoin as a p2p payments protocol is already hugely compromised via the combination of tax reporting requirements imposed upon consumers and businesses and by the removal of banking access or the threat of it faced by businesses who dare to accept Bitcoin as a payments option. Bitcoin has already been slyly and very successfully redefined into a narrative of being almost exclusively a speculative commodity- far from the p2p payments protocol envisaged in the white paper. If you think the Fiat Debt Slavery Bankers Cartel are not going to oppose and obstruct any threat to their MoE monetary hegemony you are dreaming...
0 sats \ 1 reply \ @Aardvark 4h
P2p is primarily used in places where it's needed. If bitcoin were made illegal to hold in the USA then innovation would happen around p2p.
I'm sure the banks are going to obstruct, but I stick to my point. I'm holding I don't care what any law says.
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All very well and good but you must acknowledge the reality that you are just one of many hodlers and you must consider how many hodlers hold mainly for the hope of fiat denominated speculative gains?
They can be expected to mostly accept any compulsory acquisition offer rather than be relegated to holding an unlawful asset and being forced to trace on a black market.
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