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The Bitcoin (BTC) thread
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<blockquote data-quote="Coja Petrus Uscan" data-source="post: 1405013" data-attributes="member: 12967"><p>I suspect any government action will take at least a few more years. Governments are very slow at acting domestically, e.g. it takes about ten years before a legal high is first mentioned in the houses and government and it gets banned, regulations and so on.</p><p></p><p>So I think we should have a few warning bells before a possible BTC crackdown, which is only going to serve to a large price suppressant. I think it would actually hasten adoption.</p><p></p><p>I don't buy that Bitcoin is some kind of scam. If it were I'd expect there to be scholarly globalist white papers about the benefits one one - not seen any. The papers are about central bank digital currencies (CBDCs).</p><p></p><p>The only way I could see it being used as a scam is if it is hijacked as a sort-of freemium model. People see it as a chink of light in the seeming coming dystopia. Then there is a bait and switch, where you are forced to hand over your BTC for CBDCs.</p><p></p><p>Switzerland and Lichtenstein will likely be safe spots to such moves.</p></blockquote><p></p>
[QUOTE="Coja Petrus Uscan, post: 1405013, member: 12967"] I suspect any government action will take at least a few more years. Governments are very slow at acting domestically, e.g. it takes about ten years before a legal high is first mentioned in the houses and government and it gets banned, regulations and so on. So I think we should have a few warning bells before a possible BTC crackdown, which is only going to serve to a large price suppressant. I think it would actually hasten adoption. I don't buy that Bitcoin is some kind of scam. If it were I'd expect there to be scholarly globalist white papers about the benefits one one - not seen any. The papers are about central bank digital currencies (CBDCs). The only way I could see it being used as a scam is if it is hijacked as a sort-of freemium model. People see it as a chink of light in the seeming coming dystopia. Then there is a bait and switch, where you are forced to hand over your BTC for CBDCs. Switzerland and Lichtenstein will likely be safe spots to such moves. [/QUOTE]
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