Replying to Avatar Medici

I do not believe Bitcoin removes governments coercive power. Is there proof that the world’s most resourced nemesis could not destroy the blockchain? I do believe a growing group of likeminded thinkers sharing trust, community, and subsidiarity might be a foe to that institution, but whether they will become powerful enough to subsume the coercive powers of government itself remains to be seen.

#liberty #libertarian #asknostr
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MichaelJ 2y ago

Related to that, it seems to me the biggest weakness of Bitcoin is that it is not a tangible asset. Bitcoins exists purely in digital space, which is removed from the physical reality in which we daily live and move. It appears to be a good digital solution for a digital world, but I'm not sure it's the end-all and be-all.

Decentralizing the Internet makes it harder to control, but that doesn't stop a jack-booted thug from knocking on your physical door.

#asknostr #bitcoin

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MichaelJ 2y ago

There's a tangential question here about what sort of reality the digital space actually possesses, but that's a different discussion for a different time

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mrdot 2y ago

This question is actually at the core of what Bitcoin had to solve

https://dergigi.com/2021/01/14/bitcoin-is-time/