Re:Coinbase S-1
by yunesj on Thursday February 25, 2021 @12:54PM
(#26265760)
We were never against private banks giving loans or private exchanges facilitating exchange.
We wanted bitcoin because govt control of money results in:
(1) new $ is unfairly distributed,
(2) manipulation of $ to force consumer spending,
(3) use of $ to fund wars and other govt programs,
(4) threats of war are used to sustain $'s status as reserve currency,
(5) absence of any innovation in $
and bitcoin addresses these problems, while being censorship-resistant. BTC has been a great success for sending remittance payments, providing a store of value in countries with hyperinflation, and spurring innovation in the financial sector.
We wanted bitcoin because govt control of money results in:
(1) new $ is unfairly distributed, (2) manipulation of $ to force consumer spending, (3) use of $ to fund wars and other govt programs, (4) threats of war are used to sustain $'s status as reserve currency, (5) absence of any innovation in $
and bitcoin addresses these problems, while being censorship-resistant. BTC has been a great success for sending remittance payments, providing a store of value in countries with hyperinflation, and spurring innovation in the financial sector.