Current monetary powers will get increasingly scared as countries pay off debt. Debt is their weapon of control. When a small country clears their debt and balances their budget, these people will start to panic, big time. nostr:note1arrq39kz682e4aljdc0nvdxy75wm902q9sgqwf8e2xgq7dt02k7sr8peqz
It will happen to El Salvador this cycle, I suspect.
Let's just hope that whatever their malicious intentions are, they are outweighed by their sheer Incompetance to actually implement any of it.
I think it is more likely that their plans will fail due to simply being overwhelmed. The tide is shifting away from them. They will continue to have more battles arise than they can handle, while many of the battles they are already in slowly start turning into losses. When they were at the peak of their power, they not only had the resources, but also were so dominant that they had few battles. No one stepped out of line because it was clear they would lose. That certainty is falling apart. Now their resources are being strained, their authority is being questioned, they have massive public criticism and distrust, and people are becoming emboldened to challenge them. We will win simply by the sheer number and size of the people standing up against them. We don’t need them to be incompetent, we just need to stand beside El Salvador and bring more countries, people, and communities to our mission. Like it always has been. We will overwhelm them at every layer, at every scale, and from every direction. And all the while we will build to make all of this stronger and more accessible than ever.
I doubt they will... but "GDP growth", inflation with low bond yields will. There's also the Cyprus card to play. Gold Reserve Act of 1934, and more. If there is a way there is a will. During communism in some European countries that had Zimbabwean numbers on their bills, they simply removed zeros from the bills... for simplicity of course. So that ppl. don't have to speak in E's. So imagine you at some point taxed your Bitcoin to an acquisition value 1E12, then 10 are removed, for simplicity of course... new bills are printed. Do they still have a taxed value 1E12? Regardless, no such fanciness needed. Is already happening, when value of money goes down, and the value of you BTC goes up, so does the taxation in % of those BTC, regardless if you already taxed for them or not. There are more taxation event's in the world than you can image. Any who, if there is a way there is a will... Let's do way with the taxes? Yes, let's to that... and see how that democracy thing will goes.. or libertarianism for that matter. Can't find but question already stated. There is a good Discworld quote regarding that. No Bitcoin will not fix that. But other things can...