Replying to Avatar FarCue

I believe the government will most definitely mine bitcoin. Whether we allow them to frame it as a weapon and restrictions be placed on the few countries that manufacture the ASICs. Think about how you would ship a miner from a country under sanctions. This us a shirt sighted approach IMO.

Bitcoin is secured because of it's decentralisation. If the government becomes the only game on town we are finished
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Parallax 2y ago

I thought the weapons analogy was just for the purpose of illustration, In many ways you could make similar rhetoric about the US dollar being a weapon, or any other technology. My understanding is that BTC is a big deterrent to physical violence and an incentive to peace. I guess anything can be extrapolated and taken out of context.

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Parallax 2y ago

I still haven't read the book though

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FarCue 2y ago

It's this generations attemt to ban encryption and nothing more. He relying on the fact some people refuse to learn from history and have broken intention spans. PGP has settled this and i know I'm on point because Lowery blocks or ignores anyone who asks this question.