The premise of Bitcoin is that it is possible to set up a system which can resist state control. This system cannot be turned off by the government. It cannot be hijacked by the government. They have to let it coexist. Examples are Tor and Torrent.
If you can't accept that Bitcoin can resist government control, then there's no point in continuing this dialogue.
If at any point Bitcoin gets under state control, it's no longer Bitcoin. It will become just another state controlled technology. PayPal tried it and failed. Bitcoin is another attempt. It's a grand experiment to test this premise. So, it must treated rationally.
PS: This is an attempt to rewrite a simplified version of Eric Voskuil's Cryptoeconomics one chapter at a time.
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How do you measure Bitcoin adoption? Is it the price in USD or number/volume of transactions or the number of merchants selling goods and services for Bitcoin?
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number of merchants that accept it. THAT'S ALL THAT MATTER. All the rest is bullshit.
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I agree... bitcoin adoption in my neighborhood feels like 0%
Not a good feeling now that DoJ is fighting bitcoin freedom engineers
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Be the example you are looking for. Sell something for Bitcoin.
0 sats \ 1 reply \ @OT 4 May
People secure bitcoin
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That's true. Math is just a tool. People have to take personal risk to secure Bitcoin.
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