Blackouts have hit Iran. The government is blaming Bitcoin mining

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by pjc50 on Monday January 18, 2021 @10:43AM (#25822812)

It's been minted by the state since the Bronze age - since well before the invention of either the modern state or modern banking - and this seems to work?

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Re:Blackouts have hit Iran. The government is blaming Bitcoi... by rglullis on Monday January 18, 2021 @10:56AM (#25822973)

I am yet to meet anyone who is so rabidly anti-crypto and is not from a developed/stable country.

Check with people from Argentina, Venezuela, anyone that lived in the 1980's Brazil, Ecuador, Turkey, Lebanon, Greece... see if they really think if relying on the State and their financial systems is a good idea.

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Re:Blackouts have hit Iran. The government is blaming Bitcoi... by ben_w on Monday January 18, 2021 @11:01AM (#25823034)

No doubt.

What I don’t understand is why you go from not trusting the state to trusting a different currency which the state you don’t trust could just ban outright at any time.

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Re:Blackouts have hit Iran. The government is blaming Bitcoi... by rglullis on Monday January 18, 2021 @11:40AM (#25823506)

Black markets were a thing in the Soviet Union.

Not trusting the State does not mean that the State is able to exert absolute control over people's lives. In fact, I'd say that the less trust the people have on the State, the more "illegal" activities people practice.

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Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @11:04AM (#25823077)

Newsflash: They don't think burning the planet to do two transactions per seconds is a solution to those problems they faced, either.

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