The battle for financial independence is heating up. The central bankers and their crony friends in government are starting to get nervous. They see the writing on the wall – Bitcoin and cryptocurrencies are the future, and there’s nothing they can do to stop it.
But as David Gilson points out in his excellent piece on CoinDesk, that doesn’t mean they won’t try:
“Historical precedents have shown that whenever the people have a means of obtaining items of currency (effectively) out of the ground, that governments will step in and not only demand a piece of the action, but will eventually shut it down.”
David Gilson
We saw it with the gold rush. The government made it illegal to use gold as currency despite all the wealth it created. And Gilson thinks the same thing could happen with Bitcoin:
“The same may well happen with Bitcoin, as governments become nervous of a currency being created that is beyond their control, regulation may be imposed to prevent Bitcoin mining.”
David Gilson
But here’s the thing. Bitcoin is different. It’s decentralized and anonymous by design. Even if they try to crack down on mining with ASICs, people will still be able to mine in secret with their gaming rigs and pool their resources.
As Gilson puts it:
“Pandora’s Box has already been opened, and regulating won’t reverse the situation. Just as with the DMCA in the US, regulation would end up hurting people who have no malicious intent, and doing nothing to stop those who are up to no good.”
David Gilson
The central bankers are running scared. They know their days of printing money out of thin air are numbered. Bitcoin has already won, it’s just a matter of time.
So what can you do? Keep stacking sats, of course. But also get ready for the fight ahead. Educate yourself and others about the futility of trying to regulate Bitcoin. Support the companies and individuals building the infrastructure for the crypto economy.
The future belongs to us, if we have the courage to seize it. Onwards!
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