Like what would be stopping them? Any government could totally be scooping up Bitcoin off exchanges and just waiting to flip the switch, and back their currency with Bitcoin, but in the process screw anyone left holding the fiat. Is this too crazy? Is there too much bureaucracy and red tape for anyone to give the go ahead without people knowing about it? What would happen theoretically? What would market movements look like if that was happening? Would there be an active effort to keep the price down while it was happening? Am I way to conspiratorial? Is anyone still reading this?
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