THELOGICALINDIAN - Economist Saifedean Ammous was afresh interviewed on Stephan Liveras Podcast Ammous explained the best way government can defeat Bitcoin and why banning it absolutely helps the opposite
As per the original podcast, Ammous was asked to animadversion on his best contempo analysis on the abeyant strategies that could be active by governments to shut bottomward Bitcoin.
Ammous declared that a government banning Bitcoin could absolutely be benign for the currency, stating:
Government ‘ban’ acceptable for Bitcoin
Ammous gave two affidavit for why such a ban could help, and not abolish Bitcoin’s existence. The aboriginal acumen the economist gave was the actuality came bottomward to the accident and accolade agency of application the bread in the aboriginal place. If the bread were actionable to use, that would beggarly there would be a actual aerial accident of application it, appropriately answer the coin’s value.
The additional acumen Ammous gave was that such a brake on affairs bitcoin would be a cogent footfall by the government in akin people’s freedoms. In both cases, the demand for Bitcoin and added bearding currencies would access due to accessible backfire and underground markets, appropriately arch to a ‘Streisand effect.’
Could governments annihilate Bitcoin?
Following these arguments accustomed by Ammous, Livera asked what then, were some applicable strategies that governments could use to attempt with Bitcoin?
Ammous appropriate that governments could attempt with Bitcoin’s technology, thereby authoritative it anachronistic in agreement of applied usefulness. Besides alms individuals added budgetary aloofness and freedoms, his added advancement was to “return to a classical gold standard.”
Ammous was allegedly determined on his gold accepted access as he declared in the interview:
Bitcoinist recently reported that “Bitcoin has above concrete backdrop and bazaar utility” to gold. This additionally includes the Winklevoss twins who believe Bitcoin will beat the $7 abundance gold market.
Being unconfiscatable and cheaper to abundance value, actuality aloof some of the affidavit why.
#Dropgold
Meanwhile, a new campaign, started by Grayscale Investments, is all-embracing this by proclaiming gold an anachronistic abundance of value. The close has launched a amusing media attack application the hashtag #DropGold as its moniker.
Specifically, Greyscale Investments compares Bitcoin agreeably to gold in agreement of its “verifiability, durability, portability, divisibility, fungibility, recognizability, and scarcity.”
Do banks banning bitcoin accomplish it added attractive? Share your thoughts below!
Images via Shutterstock
