full image - Repost: If you were the central banks, what would you do to stamp out Bitcoin? Seriously - think about it from their angle...what would be your most effective, efficient and long-lasting course of action? Continue ringfencing and going after exchanges and businesses in crypto ecosystem? Outright ban? (from Reddit.com, If you were the central banks, what would you do to stamp out Bitcoin? Seriously - think about it from their angle...what would be your most effective, efficient and long-lasting course of action? Continue ringfencing and going after exchanges and businesses in crypto ecosystem? Outright ban?)
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If you want to win in chess, you must think about your opponent's very best move. Not the move you think he/she will play, not the move you'd play in the position, nope...the best move. And then you have to figure out how to respond to that.Applying that principle to the current global monetary situation, and knowing that these people have so very much to lose and therefore will do everything in their power to find their best course of action...what would that look like?Throwing this out there: If I'm a central banker, the current plan of demonizing Bitcoin/Bitcoiners, undeclared prohibition via KYC/AML and ringfencing/denial of licenses for banks doing biz with crypto, and rollout of a CBDC.....does seem pretty effective, but is much like swatting a fly with a sledgehammer. Bitcoin is the only thing that truly threatens their power, as the rest of crypto would be capture-able by them, but this current plan has the effect of pushing ALL of crypto overseas...not just Bitcoin. It also looks very "non-technological", like they're afraid of new technology, and the oligarchy is very concerned about how things look.Is this the best plan for them? Or should we worry about things more sinister? An outright ban would just look sooooooo desperate, don't think I'd recommend that for them, at least not in America.What do you guys think?
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