Replying to Avatar Michael Matulef

"Bitcoin is censorship resistant, not censorship immune. By advocating for the U.S. government to adopt bitcoin, we are playing a game of chicken with the largest economic and military force on this planet, and anyone who believes that we’ll come out of this on the winning side may have overstayed their welcome in la-la land.

Bitcoin may be a trojan horse, except it’s not the horse you think it is. Under the correct circumstances, bitcoin is able to function as a great alternative to CBDCs. You go ahead and open up your wallet app, and here comes the stablecoin monster — built on Bitcoin. Isn’t that just great? Fully censorable, fully surveillable freedom money, but at least we pumped our market cap."

https://bitcoinmagazine.com/culture/bitcoin-as-a-cbdc

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FiddleHodlHomestead 2y ago

I have nothing useful to add but am hoping to see more discussion of this article in coming days. It's rather chilling ☹️

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21 Stackage 🦡 2y ago

Especially the part about (a) mysterious entity(ies) pricing out miners by mining at a loss and sending the difficulty up

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