Oddbean new post about | logout
 nah

I think the chances of regulatory capture increase with the government acquiring a strategic reserve and supposed "pro Bitcoin" legislation.

where we are going
laws arent going to help 
 Interesting take. I will try to broaden my thinking and be on the lookout from all angles. At the moment, personally, I am still hopeful for a better future 
 its that incentive for capture increases in proportion to institutional adoption 

the bankers and the rent seekers arent going to go peacefully 
and they have leverage over what the legislation is and how its implemented