There is a bottleneck looming in this round of cryptocurrency adoption: Sovereign-backed legal protections for corporations. ..
-
-
Replying to @AngloRemnant
..For obvious reasons, the G20 will want to crush the first cryptocurrency that begins to threaten their control of the nominal economy. ..
1 reply 0 retweets 7 likes -
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..
1 reply 1 retweet 7 likes -
Replying to @AngloRemnant
..simply by applying pressure to corporations & financial institutions on BTC transactions and withdrawals. ..
1 reply 0 retweets 5 likes -
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. ...
1 reply 0 retweets 5 likes -
Replying to @AngloRemnant
..Serious capital does not scale without playing by the sovereign’s rules. Nor is serious capital deployed without sovereign protection. ..
2 replies 1 retweet 7 likes -
Replying to @AngloRemnant
..So until the physical-space-commerce route-around problem is solved, BTC potential is very much men-with-guns limited. ..
5 replies 0 retweets 10 likes -
Replying to @AngloRemnant
Bitcoin can bunker-down better than the financial establishment can.
3 replies 0 retweets 8 likes -
Replying to @Outsideness @AngloRemnant
Bitcoin creates its own incentive for men-with-guns to support it.
1 reply 0 retweets 4 likes
Yes, critical point. And by doing so it flakes them off Leviathan automatically. It induces deep state privatization.
-
-
Replying to @Outsideness @Alrenous
Eventually. In the meantime the legacy state will defend its monetary ruthlessly if it perceives the threat in time.
3 replies 0 retweets 3 likes -
Replying to @AngloRemnant @Alrenous
Problem from their strategic angle is that they depend on incentive structures fuzzily anchored in altruistic conceptions of public service.
0 replies 0 retweets 1 like
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.