Re:The Lightning Network: Turning Bitcoin into Money
by olalonde on Thursday July 14, 2022 @05:16AM
(#32093765)
> Bitcoin has very high value for authoritarians.
Then why have almost all authoritarian governments banned Bitcoin?
> If you can enforce the currency you can enforce wealth inequality and entrenchment of incumbents.
That's the whole point. No one can control Bitcoin which is why it's not appealing to authoritarians. Authoritarians don't like things they can't have authority over.
Then why have almost all authoritarian governments banned Bitcoin?
> If you can enforce the currency you can enforce wealth inequality and entrenchment of incumbents.
That's the whole point. No one can control Bitcoin which is why it's not appealing to authoritarians. Authoritarians don't like things they can't have authority over.