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The State Could Try To Leech Off Of Bitcoin Rather Than Banning It

The State Could Try To Leech Off Of Bitcoin Rather Than Banning It



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  1. tldr; The state has a monopoly on violence and uses it to further entrench and strengthen said monopoly, with the goal being to attain more power over society. Direct state monopolies have been discredited by economic disintegration whenever tried throughout history. The modern approach for the state to control various industries is to do it indirectly. Banning Bitcoin is a practical impossibility.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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