Quote from: Pidgeon on August 05, 2023, 10:54:49 PM

- Bitcoin gets accepted everywhere, every government legalizes it, all mining is centralized, everyone must register every address with the local IRS, you're not allowed to send money outside legal addresses and miners are refusing those, every single transfer is taxed, the government can decide at any point to seize your coins and can do that with ease. BUT the value will go up 1000x times to 30 big ones!
- Bitcoin is not legal tender, but the genie makes it so that the government has no way and no intention of making any move against it, nobody is banning you from owning, nobody is taxing you, nobody cares about your KYC, AML, taxes, profit, any legal action against anything that involves Bitcoin is impossible and illegal, any seizure impossible as it would break the law, you're as free as one can be. But the price stays forever at $30,000.

No middle way, no trick, no further questions, no this or that, your choice and tell me why this and not that!

Don't know if the stroll got you thinking outside the box or you are just creative, but I like the crypto fantasy going on here and you should take more walks Grin

Now, coming to the two tough questions at hand, this is like choosing between being a slave or enjoying your freedom without any interferance, and to be honest any sane person will prefer their freedom though when it comes to money matters..seems like the narrative usually changes and from the two options I would rather go with the first option of having the money because I know money is as good as power and I can buy my freedom with it!

Quote from: sunsilk on Today at 03:49:41 PM

The problem with the choice of mining being centralized is that it doesn't portray anymore bitcoin as a wholly decentralized cryptocurrency.

We do want to have a support from the government but if it's going to take even mining to become centralized, how is that going to go? Like everyone has to register every time we get some transactions?

I don't think that many are going to stay with that type of setup.

Agreed, as much as we love our government being involved in our crypto business, the is a line that they can not cross as this interferes with the decentralized ecosystem of bitcoin.