..For obvious reasons, the G20 will want to crush the first cryptocurrency that begins to threaten their control of the nominal economy. ..
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Replying to @AngloRemnant
..It’s taken for granted by many that crypto can route around govs. But it can’t yet. The G20 Will smash bitcoin..
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Replying to @AngloRemnant
..simply by applying pressure to corporations & financial institutions on BTC transactions and withdrawals. ..
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Replying to @AngloRemnant
..99% of the global economic value chain has (multiple) critical steps in the physical world, within reach of government men with guns. ...
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Replying to @AngloRemnant
..Serious capital does not scale without playing by the sovereign’s rules. Nor is serious capital deployed without sovereign protection. ..
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Replying to @AngloRemnant
..So until the physical-space-commerce route-around problem is solved, BTC potential is very much men-with-guns limited. ..
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Replying to @AngloRemnant
Bitcoin can bunker-down better than the financial establishment can.
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Replying to @Outsideness @AngloRemnant
yeah, I sincerely think
@AngloRemnant over estimates the capacity of governments to keep men with guns in line.1 reply 0 retweets 0 likes -
Replying to @cyborg_nomade @Outsideness
Govt doesn't have to clear a hurdle so high as keeping corps 'in line.' Just throw enough of a wrench as to zero out their economic profit.
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Replying to @AngloRemnant @Outsideness
how? especially if blockchain provides a strategic advantage (like technological production). if they come, it runs away and hides.
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To move beyond niche cases, BTC needs to become a backbone of commerce, which is conducted by corps, who are vulnerable (in this iteration.)
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Replying to @AngloRemnant @Outsideness
it seems to me this is a strategic disadvantage for corporations.
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if the lowest cost of secure transaction with trustworthy media is outside the reach of big capital, maybe capital is getting smaller.
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End of conversation
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