kleisli on Nostr: As it becomes apparent that controls on points of aggregation are insufficient ...

As it becomes apparent that controls on points of aggregation are insufficient enforcement, and the awareness surfaces that seigniorage1 is at risk, transaction and complementary mining of Bitcoin is outlawed2. As states collaborate to protect their
monies, this may become a global “War on Bitcoin”. This may coincide with adoption of an official new money, i.e. Fedcoin3. The objective would be to appear to embrace a “safer” money than Bitcoin while retaining the seigniorage and surveillance advantages of electronic state money substitutes. -- Eric Vorskuil (Cryptoeconomics, Fundamental Principles of Bitcoin, 2nd Edition)