Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by simiones on Wednesday October 20, 2021 @05:27AM
(#28928596)
Why then did war happen happily in the millennia in which money supply was almost entirely limited? Governments have the ability to buy currency if they can't/don't want to mint new coin.
For example, states have been issuing various forms of bonds to raise money for war since at least the 1600s.
Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by zepto on Friday October 15, 2021 @12:08PM
(#28879336)
You haven’t offered any kind of explanation at all here.
If there is a ‘fight’ involved, how will bitcoin owners fight against the military industrial complex?
Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by rglover on Friday October 15, 2021 @12:18PM
(#28879449)
By removing their money from the existing system and moving it into Bitcoin. If the dollar is the air supply, Bitcoin is the plastic bag over their proverbial head.
Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by zepto on Friday October 15, 2021 @03:16PM
(#28881896)
It’s pretty easy to stop businesses from accepting Bitcoin if you are the military industrial complex.
Black markets are hard to eliminate altogether but no real threat.
Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by rglover on Friday October 15, 2021 @08:44PM
(#28884670)
They'd have to shut down the internet. If you can generate an address, I can send you Bitcoin (the role of the internet is limited to broadcasting the transaction to the network).
So, no. Perhaps for a certain class of user—someone who depends solely on an exchange—they can stop them but ultimately, no. They'd be limited to showing up with guns.
It's not nearly as futile as it seems unless people buy into the propaganda.
If people realize "oh, this Bitcoin thing works just like those dollars and a government can't manipulate it," in time, yes, the military industrial complex will collapse. Not immediately and not without a fight, but eventually, yes.