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[–] 7 points 2 years ago (3 children)

Agreed. Its also a direct competitor with every countries sovereign currency... So why would help it?

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  • [–] -2 points 2 years ago* (1 child)

    When there's a disruptive force, you have a few options

    1. try to kill it so it can't disrupt

    2. do nothing and be disrupted

    3. dip you toes in, so if disruption happens you aren't blindsided and can hopefully wade through it

    4. take a chance and swim in it so you can be on the leading edge of that disruption.

    They've kinda tried option 1 but failed.

    Option 2 could lead to long term consequences

    Option 3 leaves them prepared but not overly exposed

    Option 4 would be pretty risky

    So really, option 3 is probably the best bet given option 1 hasn't been working.

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  • [–] 5 points 2 years ago* (last edited 2 years ago)

    It's bitcoin, the only thing it's disrupting is the pyramid scheme space. It's too volatile, too expensive(transaction fees), and too slow to be a useful currency. There is no reason for the government to buy in to a speculation bubble.

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