Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by virgilp on Monday January 04, 2021 @02:56PM
(#25636960)
Again, the claim I objected to is "transfer money[+] across political boundaries without censorship". That's what I'm objecting to. Yes - you can make a transfer of bitcoin/ it's very hard for the state to stop or reverse that transfer. But is that what we mean when we say "without censorship", really? We're getting into the joke territory here, this sounds very much like "USSR had freedom of speech, what it didn't have was freedom after speech".
[+] BTC is not money, but I'm going to let that slide for this part of the argument.
Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by keymone on Monday January 04, 2021 @03:50PM
(#25637736)
> But is that what we mean when we say "without censorship", really?
yes it is. no technology will suddenly make censorhip go away. but technology can allow one to circumvent censorship. bitcoin doesn't solve censorship, corruption, fascism, genocide and whatever else you may want to throw in to justify your skepticism, but it doesn't have to. it solves a very specific problem: non-debaseable digital money and permission-less transacting of it. that comes with a set of compromises and great deal of responsibility for your actions, but it's a useful and valuable tool, first of it's kind and certainly the biggest revolution in finance since gold standard.
that is quite the goalpost shift. bitcoin allows you to send and receive bitcoin securely and without asking permission. it is not bitcoin's purpose to ensure whatever the contract you're trying to realize entails. there are escrow services and what not for that.
the guarantee bitcoin gives you is that once transaction was finalized: