This is how I would destroy bitcoin if I was the government.
1. Insensitivity companies to use derivatives of unbacked bitcoins.
2. Use the power of government to foster mining in a local jurisdiction then take control of the mining and then repurpose the equipment to mine government coin and disrupt bitcoin at the same time.
https://medium.com/@joekelly100/how-to-kill-bitcoin-part-1-is-bitcoin-unstoppable-code-7a1b366f65ee
3. Avoid prosecution of criminal behavior to avoid the coding of privacy into the blockchain
https://www.technologyreview.com/2018/04/24/143425/lets-destroy-bitcoin/
4. Directly attacking bitcoin only makes it stronger so take a page from this quote…
“A Bitcoin can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of Github itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the decentralization, he infects the core bitcoin devs so that they can no longer resist. A murderer is less to fear. The traitorist government is the plague.”
https://cointelegraph.com/news/the-irs-offers-a-625-000-bounty-to-anyone-who-can-break-monero-and-lightning
Look at me! I’m the banker now!
You can't make this stuff up. This timeline is beyond twisted. Certainly didn't see a banking license in the cards when we set out on this mission 9 years ago. We have come full circle, crypto.
Looking forward to banking you all and banning the accounts of sketchy fiat peddlers. https://t.co/qCGXvUbsSd pic.twitter.com/9JDJTNg9Fg
— Jesse Powell (@jespow) September 16, 2020
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