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Re:Internet disrupted in Kazakhstan amid energy price protests by danlugo92 on Wednesday January 05, 2022 @11:14AM (#29810814)
> ...yet creates absolutely zero actual value.

It's only the first uncensorable / decentralized kind of money, nah must be nothing.

Re:Internet disrupted in Kazakhstan amid energy price protests by nikanj on Wednesday January 05, 2022 @02:37PM (#29813799)
Re:Internet disrupted in Kazakhstan amid energy price protests by danlugo92 on Wednesday January 05, 2022 @02:57PM (#29814084)
Yes it is.

Censorship doesn't necessarily mean the thing being censored is deterministically "bad" or "evil".

Bitcoin is above morality, morality is a human construct, Bitcoin is math and computer science, by definition it cannot have morality.

Now, you might or might not agree that Bitcoin should be allowed to exist given it facilitates activities such as the one you linked.

But since it's uncensorable in the first place... you cannot outlaw it.

Pandora's box is open, and it cannot be closed once it is open (unless you break Bitcoin's cryptography).

Uncensorability /is/ valuable, to the people that don't want to be censored, and want to exchange money without asking anyone permission, whether that's a drug dealer, or an unbanked worker in Venezuela.

Re:Internet disrupted in Kazakhstan amid energy price protests by nikanj on Wednesday January 05, 2022 @07:03PM (#29817116)
So…how? What? Bitcoin is supposedly uncensorable - yet he was censored? Which one is it?
Re:Internet disrupted in Kazakhstan amid energy price protests by bserge on Wednesday January 05, 2022 @02:50PM (#29813982)
Only because governments don't give a flying fuck about it... Yet.

They'll catch up eventually. See how some politicians are already starting to call on mining bans.

They can easily fully ban it and enforce it. Let's say, put mining on the same level as growing weed or making heroin.

Your super first kind of decentralized money is now fucked.

Re:Internet disrupted in Kazakhstan amid energy price protests by danlugo92 on Sunday January 09, 2022 @11:23AM (#29864636)
Then all of mining would just move to places like Venezuela, where a lot of drug trade (per your example) already goes on, and they would get even more money for their extremist endeavours. Sad.