Post
Topic
Board Bitcoin Discussion
Re: The fight against Bitcoin is coming. Are we ready?!
by
acroman08
on 20/01/2020, 22:19:52 UTC
Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.

https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolution

Discussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?

I think that the restriction will be local and you don’t need to worry. Bitcoin is too strong to be crushed by Congress bills

of course, the restriction will be local.

Bitcoin is too strong to be crushed by Congress bills

that is a given that the congress can't crush bitcoin but that doesn't mean the effects of the restriction(if it ever happened) won't be felt by the bitcoin market and the bitcoin community.