Re:France and Germany Agree to Block Facebook's Libra
by Zak on Monday September 16, 2019 @03:33PM
(#20987740)
A really powerful entity, let's say Facebook, or the US government would find it difficult to do any of these with Bitcoin (used as the example because it's well-known):
* Alter the monetary policy significantly
* Prevent a specific person, organization, or country from using the currency
* Prevent the use of the currency for specific goods or services
That doesn't make using Bitcoin a magic bullet to be free from the influence of the US government even if its popularity and monetary policy were appropriate for widespread use as a currency, but it raises the difficulty level versus influencing someone who's doing business in USD.
* Alter the monetary policy significantly
* Prevent a specific person, organization, or country from using the currency
* Prevent the use of the currency for specific goods or services
That doesn't make using Bitcoin a magic bullet to be free from the influence of the US government even if its popularity and monetary policy were appropriate for widespread use as a currency, but it raises the difficulty level versus influencing someone who's doing business in USD.