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Governments are gonna ban #Bitcoin 
! A fact based debunk thread with a sampling of actual things government officials have said...
! A fact based debunk thread with a sampling of actual things government officials have said...
SEC commissioner Hester Peirce: "I don't see how you could ban it [...] I think it would be a foolish thing for the government to try to do that." https://markets.businessinsider.com/currencies/news/bitcoin-regulation-government-ban-sec-crypto-mom-hester-peirce-foolish-2021-4-1030286214
Scott Conger, mayor of Jackson Tennesee “We’re exploring payroll conversions for our employees. Even more exciting – we’re seriously exploring mining Bitcoin to add to our balance sheet.” https://cities-today.com/cities-could-lead-on-bitcoin-adoption-says-tennessee-mayor/
Mike Crapo, chairman banking commission, 2019 “If the US were to decide — and I’m not saying that it should — [...] if we don’t want cryptocurrency to happen in the United States and tried to ban it, I’m pretty confident we couldn’t succeed" https://www.forbes.com/sites/ktorpey/2019/07/30/us-lawmakers-are-realizing-they-cant-ban-bitcoin/?sh=2ab6ab5b3e31
Pro-Bitcoin Senator Cynthia Lummis joins banking comission “... I am a hodler and I hodl because, like gold, I want to preserve the relative value of my labor over time. I was struck by how innovative bitcoin is...” https://finance.yahoo.com/news/pro-bitcoin-senator-cynthia-lummis-175514828.html
Louisiana state legislature passes bill commending Bitcoin and Satoshi https://twitter.com/nic__carter/status/1385627267003473920?s=20
Kentucky signs bitcoin mining tax incentives into law https://www.nasdaq.com/articles/kentucky-governor-signs-bitcoin-mining-incentive-bill-into-law-2021-03-26
Wyoming issuing bank charters for Bitcoin companies https://www.natlawreview.com/article/wyoming-issues-second-crypto-bank-charter
IL proposes charter for digital assets trust https://www.paymentsdive.com/news/illinois-digital-asset-trust-charter-Margaret-Croke/597314/
OCC issues guidance allowing federal banks to custody Bitcoin https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
Miami Mayor and other government officials upload Bitcoin Whitepaper to their government websites https://www.miamigov.com/Government/City-Officials/Mayor-Francis-Suarez/Bitcoin-White-Paper
Finally an appeal to Logic 101:
- Governments are made of people
- People act in their own self interest
- Govt employees justify their existence by passing/enforcing laws
- But Bitcoin NGU technology is more powerful
- Govt officials will hold Bitcoin
- NGU will do the rest
- Governments are made of people
- People act in their own self interest
- Govt employees justify their existence by passing/enforcing laws
- But Bitcoin NGU technology is more powerful
- Govt officials will hold Bitcoin
- NGU will do the rest
Imagine being a govt bureaucrat and deciding to spend all day writing laws to line the pockets of corporations for some debased lobby funny-money vs writing laws to make your own Bitcoin NgU effect stronger.
