Re:“In 2018 the blockchain/decentralization story fell apart”
by panarky on Monday January 07, 2019 @01:46AM
(#18843291)
> Politically, there is nothing different about Bitcoin than there was with the confederate states dollar for example.
The big political difference is that Bitcoin transcends borders and national governments.
While the United States could have outlawed the Confederate dollar, the United States cannot outlaw Bitcoin because it can be sustained by miners globally.
Interestingly, the United States didn't have to outlaw the Confederate dollar, or the Texas dollar, because both of them were destroyed by their creators through over-printing.
The big political difference is that Bitcoin transcends borders and national governments.
While the United States could have outlawed the Confederate dollar, the United States cannot outlaw Bitcoin because it can be sustained by miners globally.
Interestingly, the United States didn't have to outlaw the Confederate dollar, or the Texas dollar, because both of them were destroyed by their creators through over-printing.