lucash.dev on Nostr: I believe at some point in the near future governments will *beg* “crypto” to ...
I believe at some point in the near future governments will *beg* “crypto” to bail them out.
Yes they will try to force their way. They will tell you to hand over your sats, register them and what not.
But it’s not going to work as well as they *need*.
They will end up **begging**
And some crypto billionaire or fund might well end up de facto owning the government.
And that’s terrifying thing.
But that’s not “crypto’s” — it’s the government that put itself in such position.
In fact one could argue the government has put itself in such position repeatedly— with various groups bailing it out and de facto owning it.
Published at
2023-03-23 17:03:11Event JSON
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"content": "I believe at some point in the near future governments will *beg* “crypto” to bail them out.\n\n\nYes they will try to force their way. They will tell you to hand over your sats, register them and what not.\n\nBut it’s not going to work as well as they *need*.\n\nThey will end up **begging**\n\nAnd some crypto billionaire or fund might well end up de facto owning the government.\n\nAnd that’s terrifying thing.\n\nBut that’s not “crypto’s” — it’s the government that put itself in such position.\n\nIn fact one could argue the government has put itself in such position repeatedly— with various groups bailing it out and de facto owning it.",
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