Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017...
by anythingdude321 on Monday November 30, 2020 @01:07PM
(#25256841)
there are many problems better solved by bitcoin than classical solutions. one example is as a bank account in a low trust society with high inflation (there are many such countries). creating a bitcoin wallet is extraordinarily easy and once you've acquired the bitcoin it's uncensorable and unconfiscatable. this is better than the classical solution, right?
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Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017...
by arcticbull on Tuesday December 01, 2020 @11:43AM
(#25266819)
Confiscation is good when executed through a legal process so I would argue it’s strictly worse. If the government is confiscating your money through unlawful means you’ve got much bigger problems. For instance, an unlawful government can easily confiscate your coins by means of a rubber hose and some pliers. Further a sufficiently motivated unlawful government can just turn off the internet.