Can The Government Ban Bitcoin? Four Things You Need To Know Todaywww.zerohedge.com/crypto/can-government-ban-bitcoin-four-things-you-need-know-today
1175 sats \ 7 comments \ @siggy47 15 Dec 2023 bitcoin
The article contains that great Hayek quote :
By their very nature, governments never peacefully relinquish power. And if forcefully taking power out of their hands is out of the question, then the only way to do it is through “some sly, roundabout way introduce something they can’t stop.”
TLDR: No, bitcoin cannot be banned. This article does a good job explaining why.
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301 sats \ 0 replies \ @nemo 15 Dec 2023
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139 sats \ 2 replies \ @kepford 15 Dec 2023
"Banning gravity won't stop planes from falling from the sky".
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50 sats \ 1 reply \ @kepford 15 Dec 2023
Variations of this have been said by many smart economists. Honestly, its people like politicians that really convince me they have a god complex as well as a view of the state that resembles a false god.
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0 sats \ 0 replies \ @duvel 17 Dec 2023
A god complex is perhaps the most appropriate word to describe politicians.
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129 sats \ 2 replies \ @kepford 15 Dec 2023
For those that haven't read it, dergigi's post Implications of Outlawing Bitcoin is worth a read.
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10 sats \ 0 replies \ @siggy47 OP 16 Dec 2023
Excellent article and link. Just a few quotes
Using Bitcoin does not require any special equipment. We use software and specialized hardware to use Bitcoin more efficiently, and in a more secure manner, but in theory, Bitcoin can be run on pen and paper.
Bitcoin knows no borders. Bitcoin is everywhere and nowhere, and if used and secured properly, bitcoin is as confiscatable as a thought. No amount of legalese or otherwise complicated language will change these facts.
A wallet is nothing special; it can be just some words in your head.1 You don’t need specialized equipment to generate a secure wallet. A coin or some dice is all you need.
Thanks very much for drawing attention to another dergigi gem.
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10 sats \ 0 replies \ @Zepasta 16 Dec 2023
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