Let's say the US dollar starts hyperinflating and everyone is trying to escape to Bitcoin. You think regulators are going to keep "compliant fiat gateways" like Coinbase open? NOT A CHANCE.
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Is that possible?
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I meant it jokingly, but near anything is *possible* with the right congress in the US. We have a global monopoly on unilaterally sanctioned violence and economic clout. If we reach panning for bread conditions, nothing is off the table in the name of *civil prosperity*
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you had me going there for a moment -
History is full of examples of nationalization. U.S. history is full of examples of nationalization. https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.cbsnews.com/news/a-history-of-corporate-nationalization/&ved=0ahUKEwjgxNf9mo_bAhWQq1kKHazoBo8QFggxMAI&usg=AOvVaw02eON31iXp7QoLFgPcLJjl …
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Scanned the link, thanks for sharing. These tend to be infrastructure or financial co's hence govt has a reason to step in. But Coinbase? I'm trying to think of scenario where could happen. Having said that, if CB's were to become sole 'provider' of money maybe?
End of conversation
New conversation -
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