Yep, the belief that governments would just give up control of money always seemed incredibly naive to me too.

> nation is going to give up their self-determination because someone thinks countries having self-control

Nations do not have selves. That's taking the analogy too far. I do agree that they will definitely continue trying to exert control, though. It's kinda their thing.

Unless they personally can profit from the situation anyway. Then they’ll often do perfunctory PR prosecutions while taking kickbacks. See things like prosecutions around prostitution for one usually pretty clear example.

It would also be delusional to think crypto-bros will give up their self-determination to the nation-state.

I don’t mind seeing the crypto bros hoisted by their own orange-tinted petard.

They supported an authoritarian because they thought they could buy him off with shitcoin corruption billions. Turns out he’s still an authoritarian after he’s taken the money and done the rug pull.

it's another $5 wrench situation

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