Mike Solana

one helluva take

China could shut down 99% of all crypto activity in their country if they wanted to - I think you're underestimating the power of communism.

china is not a communist nation

It would make the black markets that inevitably exist under communism much more efficient, but it can’t do much to stop masses of people from seizing physical goods and not enforcing property rights. Commie revolutions are like $5 wrench attacks at scale

i agree that a very large group of people could still burn down most of any given civilization if committed, but any 'communist government' in power would quickly starve to death without control of capital