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Re:Bitcoin is a disaster by stale2002 on Thursday December 31, 2020 @08:18PM (#25599652)
No, the government can't "just shut down the internet".

If any government did that, then the country would suffer extreme economic damages, if such a policy was maintained for a long time.

Your argument would be like if someone were to say "actually, the government can stop all theft, now and forever. All it has to do is launch 1 thousand nukes, start world war 3, and kill off 99% of the population".

Like, sure. The government could end the world, by launch a nuke at every major city in the world. And it is true that by doing this it would end all theft .. because everyone is dead.

But you are kinda missing the bigger picture if you are seriously suggesting this as a counter argument to anything.

Re:Bitcoin is a disaster by xapata on Thursday December 31, 2020 @08:22PM (#25599698)
My point was that the government has control of the internet, and thereby all activity on the internet.

> extreme economic damages

We're talking about Venezuela, which has had extreme economic damages caused by a government trying to maintain control over its population. It seems that they don't care about damage, only power domestically, not internationally. The comment we're replying to said that Bitcoin is valuable in transactions with Venezuelan counter-parties because of Venezuela's government's damage to the domestic economy.

Re:Bitcoin is a disaster by feanaro on Friday January 01, 2021 @02:43PM (#25606127)
> My point was that the government has control of the internet, and thereby all activity on the internet.

Yes, if you're a big enough bully, you have control over many things. However, sometimes the control would imply too much destruction so even the bully chooses not to proceed. This is essentially what is happening right now.

Re:Bitcoin is a disaster by xapata on Friday January 01, 2021 @03:30PM (#25606709)
https://www.cnn.com/2020/12/18/americas/venezuela-death-of-s...

> In more recent years, even the state's hold on the country's financial system has been badly shaken, with the US dollar growing commonplace in day-to-day transactions. In March 2019, Venezuela's entire electric grid collapsed, leaving some regions without power for up to a week. Without electricity, electronic transactions including credit and debit card payments were impossible, and paying cash was futile with even the highest-denomination bolivar notes worth only pennies. So Venezuelans started using the option left: illegal foreign banknotes.

How would they use Bitcoin when electricity is out? Generators only last so long when fuel is rationed.

> the government for the first time allowed a private company to issue bonds in dollars, and by doing so, raise capital outside of government control.

They key word there is "allowed" because that emphasizes the ability to disallow at some point in the future.

People have this sci-fi imagining of megacorps and the collapse of government power. Instead, we have Jack Ma probably afraid for his life, because he insulted the wrong person.

Re:Bitcoin is a disaster by stale2002 on Thursday December 31, 2020 @08:56PM (#25599978)
> My point was that the government has control of the internet, and thereby all activity on the internet.

And yet, here we are, living in a world where such controls are pretty difficult to enact and simply aren't happening.

Even in places where there are government controls over the internet, such controls are apparently not even close to perfect, on many many people are successfully able to get around them.

So, the evidence shows, that despite any argument that you are making about how governments might control the internet and stop anyone from ever doing anything at all that they don't like, that is simply not happening right now to such a perfect degree that you suggest should happen, even in currently authoritarian countries.

> We're talking about Venezuela, which has had extreme economic damages caused by a government trying to maintain control over its population

And yet, despite all of that, it doesn't really seem to be enacting extreme/perfect control over the internet, despite many motivations to do so, that have nothing to do with crypto.

> The comment we're replying to said that Bitcoin is valuable in transactions with Venezuelan counter-parties because of Venezuela's government's damage to the domestic economy.

Ok, and Venezuela isn't at all successfully preventing this damage. They aren't doing that. So the evidence shows that, for some reason, Venezuela is unable or unwilling to put extreme controls on crypto, do the the consequences or difficulty of doing so.

Any hypothetical, or arguments that you can possibly think of, as for why Venezuela should put extreme controls on crypto or the internet, needs to deal with the fact that Venezuela simply isn't doing that right now, likely for a good reason. Because it is very difficult to do that.

Re:Bitcoin is a disaster by xapata on Thursday December 31, 2020 @09:38PM (#25600288)
Nope, I'm not familiar with how widespread cryptocurrency usage is for international exchange with Venezuela. I do know that they keep tight control over traditional foreign currency exchange via public markets.
Re:Bitcoin is a disaster by stale2002 on Friday January 01, 2021 @12:14AM (#25601060)
> I do know that they keep tight control

I was talking about how much control they have over the internet.

The fact of the matter is, that even the most authoritarian countries out there, are simply are unable to have a 100% perfect authoritarian control over their internet, as of today.

Despite the many motivations that current authoritarian countries have for definitely wanting to control their internet, right now, the evidence is showing that they are failing to perfectly control everything over the internet.

Re:Bitcoin is a disaster by xapata on Friday January 01, 2021 @12:24AM (#25601102)
I don't think the aim is to have 100% control, but just enough. I'll admit I didn't read closely, but I have read a few news articles about some government or another temporarily shutting down internet access during a protest. I'd expect Venezuela could do something similar if they felt like it. They seem perfectly happy letting their citizenry go without basic staples, I'm sure they'd be fine turning off internet for a while.
Re:Bitcoin is a disaster by stale2002 on Friday January 01, 2021 @06:21AM (#25602479)
> I'd expect Venezuela could do something similar if they felt like it.

And yet, if you look at the real world, and how things exist already, you see that these types of efforts have failed.

This is not a hypothetical situation. This is not about stuff that may or may not happen in the future.

Instead, you can look at real world situations, that happen right now, in existing countries all around the world, and you will see that the efforts to control the internet, have mostly failed.

Ex: Just look at china, which is the most famous example of internet control. . Lots of people have VPNs and can get around these restrictions in china.

The evidence already proves you wrong. There are multiple countries who have attempted to enact strict controls, over the internet, already, and they have mostly failed.

Re:Bitcoin is a disaster by xapata on Friday January 01, 2021 @03:15PM (#25606535)
On the contrary, I think China is a good example of how the government can have its cake and eat it, too.

When you say, "lots of people," how many are we talking about? The majority? If so, you'd think the government would just give up trying to have control, it wouldn't be worth the effort.

Remember, we're not talking about trying to have a technology that a few hobbyists can use. The goal is widespread usage, enough that it prevents governments from controlling currency.

Re:Bitcoin is a disaster by stale2002 on Friday January 01, 2021 @05:54PM (#25608131)
> When you say, "lots of people," how many are we talking about?

Enough that this whole original idea that you stated which was "Can't the government simply shut down the internet", is obviously not true.

The real world examples of real world countries, show that places like china are not "shutting down the internet", and that such an idea is obviously stupid.

There are tons of stories that you could make up in your head, about why China would want to shut down the internet right now.

And yet, the fact of the matter is, that China is not "shutting down the internet". Thats the facts. Countries are simply not doing that. Despite many motivations to do so.

> you'd think the government would just give up trying to have control, it wouldn't be worth the effort

And yet we see that the governments of the world are not successfully cracking down on the internet enough to shut down crypto. Thats not happening. Despite the fact that crypto is often used for illegal purposes. And yet countries aren't enacting authoritarian control over all of the internet to shut it all down.

We do not need to consider hypotheticals here. Just look at the real world, right now, and all the illegal activity that happens using crypto, and yet we are seeing that the world governments are not willing to enact measures to shut it all down.

Apparently, it is not worth the effort to shut down that illegal activity, right now. That is already the state of the world.

Re:Bitcoin is a disaster by xapata on Saturday January 02, 2021 @05:30AM (#25611808)
I'll ignore the "obviously stupid" comment and let you Google for examples.

I agree that it's not worth the effort for governments to shut down Bitcoin, at the moment. The US just confiscated $1 billion in coin. They're pretty happy with the pseudonyms it seems.

Re:Bitcoin is a disaster by stale2002 on Saturday January 02, 2021 @02:18PM (#25615523)
What some people don't seem to understand here, is that I could make a bitcoin transaction, by make a phone call to someone, for example.

In order to truly prevent people from making bitcoin to transactions, a government would have to enact absolute authoritarian control over every single bit of information that goes into and out of the country.

If I could even send a text message to someone outside the country, then I can send my bitcoin. Governments are not going to shut down all methods of ever sending text information to everyone permanently.

> let you Google for examples.

There are no examples of governments having absolute authoritarian perfect control over the internet, for any extended lengths of time.

In every example of countries that have internet restrictions, there are many people who are still able to get information into and out of the country, through numerous methods.

The original statement was "What's nearly impossible to stop?". And I maintained that it absolutely is nearly impossible for a government to enact perfect authoritarian control over every single person in a country. That is just obviously false.

So no, governments cannot "simply shut down the internet to stop Bitcoin". Because no government in existence today, has enacted perfect authoritarian control, over the internet, or shut down their internet permanently and stopped every single VPN, satellite phone, ect.

> it's not worth the effort for governments to shut down Bitcoin

It will never be worth it for governments to permanently shut down all of the internet now and forever, as well as stop all of the vpns, satellite phone, ect.

This kind of a permanent shutdown is something that no government has ever done. Every single example of governments trying to control the internet, still has many ways of getting information in and out of the country.

Re:Bitcoin is a disaster by xapata on Sunday January 03, 2021 @12:46AM (#25619808)
I think we're talking past each other, because you're thinking of your own (and similar people's) ability, whereas I'm thinking of broad majority usage.
Re:Bitcoin is a disaster by arcticbull on Thursday December 31, 2020 @08:27PM (#25599740)
Have you met North Korea?
Re:Bitcoin is a disaster by chris_wot on Thursday December 31, 2020 @09:55PM (#25600373)
That bastion of great economic management and economic growth...
Re:Bitcoin is a disaster by arcticbull on Thursday December 31, 2020 @10:01PM (#25600408)
Indeed however Bitcoin is positioned as a way of fighting back against these administrations. However it helps literally nobody in North Korea because they just shut down their internet.
Re:Bitcoin is a disaster by mythrwy on Friday January 01, 2021 @01:11AM (#25601290)
I think Bitcoin does help people in North Korea though. Just not the average citizen.
Re:Bitcoin is a disaster by arcticbull on Friday January 01, 2021 @03:56AM (#25601843)
No citizen of North Korea whose not a party member gets to use Bitcoin. The only people who do are using it to finance the hermit kingdom's nuclear weapons program. That's not a good thing.