State level attack theory is bullish.
Did people really think they are going to just give up their sovereign bond/debt markets just like that?
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unfortunately they will get a lot of success.
people are inherently spineless in my experience, talk a big game until the real pressure comes on.
as states move against bitcoin most people will just give up because it got hard.
I've always viewed btc as an underground currency to opt out of the system, it will never replace the system.