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A comment on The Ecash Act.

Re:The Ecash Act by advisedwang on Tuesday March 29, 2022 @11:52AM (#30844178)
I was curious who created this site and why. It seems to be by this professor [1] who also has the bill in their twitter bio, so I assume they are a major proponent or initiator.

He seems to be cut from the mold of someone that believes the initial promise of bitcoin (freedom from monetary policy etc) but wants government regulation to prevent abuses of the system.

[1] https://willamette.edu/law/faculty/profiles/grey/index.html

[ Parent | on HN ]
Re:The Ecash Act by reedjosh on Tuesday March 29, 2022 @12:14PM (#30844481)
> but wants government regulation to prevent abuses of the system.

But government is the original abuser of the system. That's _the_ reason cypherpunks built and adopted Bitcoin.

Bitcoin was just the first digital money the government couldn't shutdown. It had shutdown centralized versions prior.

Now, Monero is better for privacy, but Bitcoin remains the `Gold Standard` for government resistant digital currency, and none of the other currencies would be in existence had Bitcoin not paved the way to make governments accept cryptos.

[ Parent | on HN ]