pull down to refresh

120 sats \ 3 replies \ @DarthCoin 14 Nov \ parent \ on: Bitcoin cold war bitcoin
write
preview
0 sats \ 2 replies \ @alt 14 Nov
"Nation states will buy Bitcoin because it's permissionless, but this won't give them any more control over the network, and will in fact accelerate their downfall by removing their ability to extract wealth via inflation. A state that ends up operating on Bitcoin will necessarily be much smaller and constrained than it is today."
"STATIST"
I still can't work out if you're a troll or if you're just a bit dense, Darth.
reply
125 sats \ 1 reply \ @DarthCoin 14 Nov
Please answer this simple question: If a state have the control of a BTC wallet keys, who really OWNS those BTC? How that state will help YOU just by keeping the keys of that BTC wallet? WHO is "the state" ?
reply
0 sats \ 0 replies \ @alt 14 Nov
  1. Depends on the arrangement, multi-sig and so on could place ownership in the hands of a group or committee. I don't see how it's relevant.
  2. I never said the state would help me by virtue of holding Bitcoin. Rather, by the development of a Bitcoin standard the state will necessarily shrink. This does help me, it stops hindering me, because I don't believe the state is actively helpful.
  3. Again, not sure how this is relevant to the point.
reply