TheGuySwann on Nostr: This. A ban on #Bitcoin services, insane regulations, and attacks on privacy tools ...
This. A ban on #Bitcoin services, insane regulations, and attacks on privacy tools will only harm the *regulated market.*
The technology and the market of bitcoin literates will shift. And it will result in a massive move toward small entities, self hosted & private services, a new market of local trusted providers (think one person hosting payment/LN services for their whole extended family and numerous friends), and a far better ecosystem of privacy tools and obscured ramps into and out of those pools of private coins.
This system is open, permissionless, and global. Their attacks will be a pain in the ass, but on the long time frame it won’t work, and may only accelerate the type of development we need.
From 1920 until 1933 alcohol was prohibited in America. The prohibition was abandoned because no one stopped drinking. World governments are close to prohibiting crypto. They can expect the same result.
Published at
2023-12-12 16:19:55Event JSON
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