Oddbean new post about login | logout What if, rather than outright banning Bitcoin, the State could neutralize its disruptive properties by integrating and endorsing it? What if the government could harness Bitcoin's "Number Go Up" (NGU) technology to enforce its objectives and undermine the very ethos that defines Bitcoin today? nostr:note1z56r23mwel3ng35s5es0uvxdrnkk0990gre7q68dm97e8eaqrqhq85yjdw
Well, we would really find out the truth of the statement: "You don't change Bitcoin, Bitcoin changes you". I would say if Bitcoin is not adequate to fulfill that statement when it comes to the federal government, it really isn't the tool that can truly topple the state.
An outright ban is a ham-fisted ultimatum that would make the Feds look weak and totalitarian (ex. China bans). They are smarter than this, and if they wish to keep all the surveillance and control they currently have they will lure the sheep into a centralized service provider (cashapp, coinbase) with the promise of convince, security, and safety.
Don't forget manufacturing consent by utilizing crisis events. Each successive crisis creates opportunities for governments to consolidate their powers, often under the guise of protecting its citizens. However, this accretion of authority comes at a profound cost: the gradual relinquishment of fundamental rights and freedoms. https://mises.org/wire/beyond-crisis-ratchet-effect-and-erosion-liberty
This is why decentralized mining is vital.