It just feels like they haven't thought this through at all. I just find it all really really weird. Everyone with lazor eyes on Twitter? like wtf that is not a good look for digital currency.. Now they are building a volcano mine while Chinese miners being kicked out, Elon going on about clean Bitcoin mining etc. I just dont buy it at the moment, it all seems so staged and phoney and weird, all of it the whole thing is just weird and like a weird global agenda going on here. Talking about global tax system at the moment, they are laying the groundwork here for sure and to me it seems proof of a global network type conspiracy. No one country is sovereign they are all in on one agenda it seems.
The best thing i can think is they are trying to clean up Bitcoins image to the world. There wont be any claim of dirty Bitcoin anymore for the environment or as money for dodgy criminals. China news today arrest 1100 for money laundering. The exchanges like Binance are going to get hammered soon, watch for the news. This IS a conspiracy to clean up Bitcoins image probably in preparation for the likes of Amazon and Apple and the major entities embracing Bitcoin without tarnishing their reputation. An ETF is almost certainly around the corner. Rogue exchanges will not be tolerated, period.
If it does go through and all this is legit the world is going to find out pretty fast that Bitcoin as Cash is completely un usable, where as bitcoin cash is. A good theory im hearing is 20 trillion gold market cap for Bitcoin and possibly a 200 Trillion Bitcoin cash market cap. It makes sense, the more i look into it Bitcoin cash is Bitcoin and Bitcoin is a shitty fork. Bitcoin cash is P2P cash, bitcoin is gold 2.0. Satoshi invented Bitcoin cash. Adoption will prevail in the end.