I'm wondering if there is a risk that governments can ban the use of specific bitcoins based on arbitrary environmental concerns (like was it mined renewable) or if it was used criminally.
Each sat is traceable and therefore it's not truly fungible like gold or physical cash. If someone wanted to sanction a foreign nations Bitcoin holdings they could. Any Bitcoin that came from Russia is worthless in the US for example.
If a foreign nations wanted to hold an asset that had no third party liability they could hold gold, but if they held Bitcoin they could be sanctioned against by the rest of the world, meaning it's not fully neutral money.
Does anyone else see this as a risk?
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