Will the US Government ban Bitcoin?

What do you think about Ray Dalio stating there was a good possibility that the US Government will ban Bitcoin?

Hi everyone!

Earlier this week Ray Dalio of Bridgewater Associates said there was a good possibility that the US Government would outlaw Bitcoin in a similar manner that it did gold in the 1930s.

I ask @andrarchy Andrew Levine the CEO of Koinos Group on his thoughts… and we dove in really deep. We covered the reasons that the US Government might consider banning Bitcoin, and then the difficulties and considerations of implementing that kind of move.

Here is one of the articles on this topic:

https://www.cnbc.com/2021/03/26/bridgewaters-ray-dalio-good-probability-government-outlaws-bitcoin.html

I personally think Ray Dalio is super inspiring for the level of research that he goes into, especially on the history of economics and foreign economic policy.

Firstly, here is the link for the Cinnamon.video version of this chat : https://cinnamon.video/watch?v=551768652811076678

In addition, here is the embedded Cinnamon video:

Secondly, here is the embedded YouTube video if that’s more your speed:

We tend to think of the US Government as this unstoppable behemoth, but it’s far more complicated than that. There are different agencies with different agendas, and then there are State Governments with different agendas again. State Governments have vastly different problems to solve and funding requirements.

We’ve seen the SEC take on both Ripple and LBRY, suggesting that their tokens have no utility and should have been registered as securities initially… Given the evidence it’s hard to see the SEC winning either of these cases, until laws are changed.

Therefore, you can start to get an idea of how difficult any sort of broad implementation of Federal policy is difficult to implement.

Previous blockchain content

If you’re interested in previous chats with Andrew about Koinos, check out these posts:

Real use cases for Smart Contracts
Clarion OS & KOINOS announcements!
Koinos Plans for 2021 – come join the community!
Transaction Speeds – Centralization vs Decentralization
Institutional store of value in digital assets?
Tokenomics of Blockchains
Enterprises and Public Blockchains
Feeless Blockchain Transactions – How does it work?
Token distribution – Mining KOIN and Proof of Work
Integrating with Koinos
Smart Contracts – what are they?
A conversation with Andrew from the KOINOS Group

Additionally, here are all the good bits:

Koinos Website

https://koinos.io/

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Koinos Group Socials

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Finally, if you have any questions please feel free to either comment on this post or reply to this tweet:

Thanks so much for watching!

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