Re:Solana Labs completes a $314M private token sale led by A...
by baby on Sunday June 13, 2021 @08:45PM
(#27498089)
It’s the same for Bitcoin btw. The government can just forbid any VASP to accept bitcoin and to authorize on/off ramp and trades involving bitcoin. ISPs could also block miners and bitcoin websites. The coin is censorship resistant… to a certain extent. Maybe there’ll always be someone running it, and there’ll be a black market for on/off ramp, but it will severely cripple the adoption.
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Re:Solana Labs completes a $314M private token sale led by A...
by tudorw on Monday June 14, 2021 @04:32AM
(#27500513)
'it will severely cripple the adoption', I'm not sure it's so straightforward as that, if large numbers of governments take an authoritarian stance on independent global currencies is there not a possibility that, while impacting network efficiency, it might underpin a new found desire and need for said independent global currency and instead drive adoption of currencies that have this resilience?
Re:Solana Labs completes a $314M private token sale led by A...
by baby on Monday June 14, 2021 @05:15PM
(#27508396)
I think it’s worth than that for bitcoin as bitcoin relies on a connected network for security. The risk of forks is too high without that. For other cryptocurrencies based on BFT at least the network would come to a stop and safety wouldn’t be violated (no double spending).