Re:In Defense of Bitcoin Maximalism
by ineedasername on Friday April 01, 2022 @10:54AM
(#30878646)
What about the sovereign part? No one has total power over their money because its utility is always based in another's willingness to participate in the transaction.
If bitcoin existed before the Civil Rights movement in the US, it would not have helped people of color spend their money in "whites only" establishments or buy houses in white neighborhoods when (prior to 1948) a covenant could legally exclude a person of color from owning certain homes. And after 1948 the legal system could still be weaponized against such purchases, or if all else failed the buyer harassed or worse.
These are more extreme examples, but that sort of thing does still go on in places both in the US and elsewhere. Bitcoin or other crypto fall short of solving monetary censorship.
Separately, why does it matter where bitcoin was created? (especially given that we really don't know who created it anyway).
If bitcoin existed before the Civil Rights movement in the US, it would not have helped people of color spend their money in "whites only" establishments or buy houses in white neighborhoods when (prior to 1948) a covenant could legally exclude a person of color from owning certain homes. And after 1948 the legal system could still be weaponized against such purchases, or if all else failed the buyer harassed or worse.
These are more extreme examples, but that sort of thing does still go on in places both in the US and elsewhere. Bitcoin or other crypto fall short of solving monetary censorship.
Separately, why does it matter where bitcoin was created? (especially given that we really don't know who created it anyway).