Re:The Ethereum Price Drop: A Fundamental Analysis
by berberous on Tuesday December 11, 2018 @09:11PM
(#18660814)
There are big differences: how easy is it to censor a transaction, who can censor the transaction, on what basis, how far does the censor's power go, etc.
If you rely on VISA/Mastercard, you could be "censored" for any number of arbitrary reasons -- go google the number of legitimate businesses that have had issues using those platforms.
With Bitcoin, sure, a government can use its criminal laws to ban certain transactions, but keep in mind that: (1) they need to use valid legal process, (2) the reach of their laws only go so far, etc.
Also, the OFAC banned addresses were easily tracked since they re-used addresses. Today, best practices dictate a new address for each transaction. You also have Monero, Zcash and others working on further privacy enhancements, as well as wallets like Wasabi that mix Bitcoin transactions.
Are you saying there is a difference between "censorship" and "technical censorship"? You are demonstrating the obfuscation I called out in my post. Suppressing content is suppressing content. If you believe that Bitcoin will allow you to freely send money to OFAC-sanctioned addresses, please prove it by sending a transaction there and providing us with a verified signature. Until then, my point stands.