EchDel's avatar
EchDel 1 year ago
Bitcoin is all about seperating money and state. In front of their eyes. And they can do nothing about it. Total transparency gives trust and auditability to all everywhere. The reason government don't like this mainchain superpower is because they lose the privilege of standing behind the curtain. Bitcoin audits their corruption. Governments will probably choose monero over bitcoin if it was an pick one situation. Shitcoins trend to zero against bitcoin.

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government / institutions buy the bitcoin, and sit on it, or rather let Coinbase sit on it. they then trade paper bitcoin and IOUs and futures and derivatives like they already do, not even touching the bitcoin that "backs" their financial system. a transparent, auditable main chain exposes none of the shady business. and they beat Bitcoin into submission. they never need to use it, they only need to "own" it.
EchDel's avatar
EchDel 1 year ago
Time is the factor not taken into account here.
That's why countries are continuously banning Monero and exchanges are delisting it. Because they like it so much. Lmao
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