Perhaps the deep state felt compelled to get involved.
1. It can't let Bitcoin become an uncontrolled threat to the dollar.
2. It potentially serves as a solution to the Triffin dilemna.
3. It potentially serves as an alternative to a gold linked currency launched by a rival.
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Replies (2)
Great post.
I think China will eventually be forced to adopt Bitcoin.
Bitcoin solving the triffin dilemma allows the US to expand the USD. China can't compete to establish a dominant currency. Once China gets involved in a hash power war and battling for control, real protocol improvements become a potential as each power tries to ensure the other doesn't get to use the data and obtain advantage if they gain control.
If Bitcoin fails to adopt the most fair another currency that does will rapidly gain traction, forcing Bitcoin to compete.
That's an optimistic view. Here's hoping.
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