Join me on an interview of the average Bitcoiner!
So Bitcoiner, you believe that Government money is a scam?
> Yes, complete scam. All they do is print.
And you like Bitcoin because it isn't controlled by central bankers?
> Yes. The network is controlled by the miners.
So what happens when the Government bankers that you're seemingly slighting have no more use for Bitcoin for their own illicit purposes and outlaw the exchanges?
> ...
What happens when they shut down the Internet?
> ...
@eriner
If "they", shut down the internet (doubtful), Bitcoin will be the least of our problems.
@adam I clarified elsewhere in the thread, but I doubt they'll shut down the Circuses in its entirety: they'll just shut down Bitcoin.
@eriner
I doubt that is possible anymore.
They can degrade the hash rate at best.
@adam I don't contend, short of revealing technology that reverses prime factorization (hence breaking most encryption we use today), that the Government will shutdown every machine processing transactions.
I'm saying that if the US Government dreams up some laws that ban Bitcoin, they're in essence putting a .45 to the foreheads of ISPs, exchanges, and everyone you're transacting with.
Will Bitcoin be "dead"? Technically? No. Practically? Yes.
@eriner
They need Bitcoin for their own criminal transactions. Surely that is obvious to you by now? FTX was in essence a side chain for flushing out SVB money. Bankmam fried wasn't monitored properly by his parents, so it all collapsed. Token holders still being made whole by confiscated BTC sales.
@adam my OP literally says as much:
> So what happens when the Government bankers that you're seemingly slighting have NO MORE USE for Bitcoin FOR THEIR OWN ILLICIT PURPOSES and outlaw the exchanges?