Maybe this will be the kick in the pants that the first world countries need to realize this is not going away and they had better start finding a way to embrace it. Then again who knows, many of them seem to have blinders on anyway. From what I have seen, people in those countries are just looking for any way they can to make their lives better. Awesome that they are finding crypto can do that.
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I am not sure any of this will kick them in the pants as you say. It is a threat to their power structure, therefore, they are going to rebel against it and try to crush it.
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They are going to look like idiots when the first world and the third world swap places then. All while dragging us along with them.
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That is possible. It would be akin to trying to ban the Internet in the 1990s. What happened when a country was 10 years behind? It was catastrophic.
Now we see the move towards this again but on a global scale. Since it is being developed around the world, countries are free to choose to join or not.
What will they do?
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