Can The Establishment Stop Cryptocurreny?

29일 전


Many fear that governments are going to clamp down on cryptocurrency and reign in the threat that it possesses.

To achieve this, they would need global agreement to ban crypto. It would also require enforcement, something that has shown itself to be difficult throughout the decades.

When a significant percentage of the population opts to use something in spite of what the government decides, it is impossible to stop.

The analogy is marijuana in the United States. Even though it was banned for decades, surveys report 90% of the adults at least tried it. This shows there is some disconnect between what the government decides and what people opt for.


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Just to play devils advocate, if somehow western countries can form an alliance using capital controls and seize the means of all production, banning all imports and exports, this could effectively render crypto useless for buying anything in the tangible world. Obviously black markets and smuggling would emerge.

Building walls, emigration and national status (limitations) is what Saturn in Capricorn symbolism is about and has a resurgence cycle of 30 years. The Berlin wall was built during the Saturn in Cap of the early 60's and that wall fell in 1989 during its Saturn return. Pluto returning to 1776 symbolize's the inverse of seizing the means of production by some Amazon like entity rendering it unlikely to succeed, but hopefully humanity doesn't have to learn that socialistic lesson again the hard way. If the USA did get the political will to try and lock crypto down, it will cause innovation to leave and the USA will revert back to 1940's communist China where each citizen counts their daily rations in grains of rice. That won't last long if it happens at all.

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Just to play devils advocate, if somehow western countries can form an alliance using capital controls and seize the means of all production, banning all imports and exports, this could effectively render crypto useless for buying anything in the tangible world. Obviously black markets and smuggling would emerge.

I would call this miraculous. It could happen in a theoretical world but not in reality. Too many factors kill such an alliance. For example, there are essentially three superpowers in the world: US, China, Russia. Two of the three basically detest the United States. Western Europe, although it often sides with the US, is dependent upon Russia for natural gas. Thus, there is a practical allegiance for a country like Germany, who has high electric rates as it is. As a manufacturing center, it desperately needs that NG for production.

The second paragraph is more on point in my opinion. Once again, the nationalist views could be implemented but that would not make for an alliance. Many countries tolerate the US because of access to its market. If the US closed that off, many of the countries around the world would turn their back.

If the USA did get the political will to try and lock crypto down, it will cause innovation to leave and the USA will revert back to 1940's communist China where each citizen counts their daily rations in grains of rice. That won't last long if it happens at all.

This is something that could become a reality. However, the innovation would go somewhere, just not in the US (under this scenario). That would not stop things, just readjust them.

The US finds itself in a precarious position. It is the big dog on the block with the biggest stick. There are a lot of other countries who want a piece of the throne and, the technologies that are available to them are more powerful than ever. The same holds true for the individual too by the way.

My guess is that by about 2025, the US will be wakening up to the fact that the rest of the world does not jump to its bark. China and Russia might be overt in their defiance but they are far from the only ones. With billion dollar companies cropping up with a couple dozen employees with laptops, economic explosions can happen most anywhere.

Wall Street and Silicon Valley have a lot of competition.

I think in the long run government will accept crypto but have control of how it is used. For instance regulating and putting rules in place to how btc and other cryptos are used. This is not difficult to do once technology catches up with which government adopts to it the soonest. Crypto is here to stay, but it does not mean a better world for all...

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