this post was submitted on 23 Oct 2024
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Bitcoin was never meant to be legal tender, and it still isn't.
The fact that it's now a regulated commodity is pretty antithetical to its original purpose, but still, it doesn't make it legal tender.
But setting all that aside, you're right, monetary controls are pretty important tools of a nation state... And your alternative is what? A digital gold standard based on Bitcoin....?
That idea is so idiotic, that I can't even start to write out the problems with it, because I wouldn't stop.