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re: After the American Revolution, how did they create a new currency?
Posted on 3/4/24 at 12:28 pm to UpstairsComputer
Posted on 3/4/24 at 12:28 pm to UpstairsComputer
quote:I find it interesting how many people actually think this is possible when it's not.
If bitcoin ever actually challenged the dollar, you’d see real quick how the government would shut it down.
1
Posted on 3/4/24 at 2:33 pm to tigerpawl
quote:
I find it interesting how many people actually think this is possible when it's not.
Let's fast forward 10 years and Tigerpawl goes in to buy another Ferrari with his BTC at $1,000,000 per, but the government decides that's illegal and won't let the dealership accept the transaction on penalty of imprisonment because they are enforcing their CBDC as the new currency, what do you think the Ferrari dealer is going to do? Now that your transactions are on exchanges they can see exactly who you are...
How many illegal transactions would you do each year? I find it fascinating that people don't see that regulating this has devalued the asset. "Shut it down" may have been the wrong phrasing, "crash the value" is what I should've said.
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