I love Bitcoin, but just like anything else, its important to acknowledge its shortcomings if we ever hope to improve it.
Discussion
Absolutely! That’s what I was saying when I said the whole idea of “blacklisted” coins or tainted corn is absurd. Govt will totally try to pull that shit and as users and a community a great way to circumvent that (assuming one of these upgrades we wonder about doesn’t come around) is to collectively not give a hug what central authority labels as “Blacklisted” or “Tainted"
OK, so you're saying "so what if they blacklist some coins. We wont give a fug what lists they make." I love that spirit 💪, but surely it would be better if no lists could be made in the first place, right?
I'd rather the FBI didn't know whose door to kickdown. I'd rather thieves couldn't learn how much bitcoin I have.
Yep. Plausible deniability. We all count on it more than we even know. I’m sure I break 100 laws every day. The key is, the people who would act on it legally don’t know about it, and more importantly lack the evidence to prove it. The laws we have are largely unenforceable and ridiculous, mix them with an agenda and a public ledger though and it’s likely problematic.
Well….if it’s your entire life savings that get blacklisted, it won’t matter to you why it happened or who did what with the currency you had before it was seized. It’s all fun and games until it’s your millions and there isn’t more where it came from. I’m not trying to fear monger here, but I think there are some issues worth pondering for both users and developers. How is Bitcoin all that different functionally from a CBDC is it’s ultimately vulnerable to seizures?
It's only vulnerable to seizure if you leave your Bitcoin laying on a table at a Mall food court.
On the other hand. Bitcoin is the most secureable, highly valuable personal property in the world. By design..🧡🤠🗽