lol, what is a national bank? International banks are what we have now.
A single nation could, however, move to centralize bitcoin. China could do it easily, since they have the capability to produce the mining devices.
Also, Bitcoin is already disturbingly centralized, and has zero anonymity. We are already at the point where you cannot donate bitcoin to wrongthinkers directly from an exchange and you have to first use an intermediary wallet.
However, anyone can look at the donations to a wrongthinker and trace them back to the person who donated the bitcoin, meaning that in the very near future anyone who just deals in bitcoin can be banned from using bitcoin exchanges.
Also, Bitcoin is already disturbingly centralized, and has zero anonymity. We are already at the point where you cannot donate bitcoin to wrongthinkers directly from an exchange and you have to first use an intermediary wallet.
True, wallet addresses are public, making burner wallets necessary, but it is trivial to make burner wallets. Additionally with each intermediate stage it becomes substantially harder to prove who paid for what. If intermediate wallets are all that's needed for deniability, that's a pretty cheap price IMO.
A single nation could, however, move to centralize bitcoin. China could do it easily, since they have the capability to produce the mining devices.
They can make as many mining devices as they want, sure, but that doesn't make the miners elsewhere magically disappear. Ultimately whoever mines the block first mines the block first, and there's not jack shit they can do about that.
True, wallet addresses are public, making burner wallets necessary, but it is trivial to make burner wallets.
It doesn't matter how many wallets you create as they can almost all be backtraced to a real human. This is why at least one wrongthinker, Daily Stormer, has put the kibosh on accepting Bitcoin and only accepts monero.
They can make as many mining devices as they want, sure, but that doesn't make the miners elsewhere magically disappear.
China could produce enough computational power to make the few other centralized miners irrelevant.
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