Bitcoin takes power from the state and puts it in the hands of the individual. This is bad for dictators who need control
Serious question: I have friends who think Bitcoin will enable authoritarian regimes (specifically Iran) to do more bad, while also believing the current monopoly on fiat violence is good. I leaned on some nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu writing on the matter. Another question was what if they ‘bad regimes’ controlled Bitcoin? They actually believe we would be better off under the current system, and another quite intelligent person believes we will never rid cash. I was astonished. Would love any advice to help me improve my points that Bitcoin is a better freedom layer of money.
Discussion
100% agree. They don’t seem to prefer this point. It’s odd.
Everyone should read nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu book, "Hidden Repression" - it's outstanding and explains his post.
It's worth the read, even if you already believe #Bitcoin is freedom money.
Super Imperialism is a great read also. I suspect Alex is going deeper and I have read his piece on Sri Lanka. Thanks for the suggestion.
Currently reading “When Money Dies”