Discussion about this post

User's avatar
BumbleBee's avatar

Very interesting, indeed! Never thought about Bitcoin quite this way before. I never understood it, and the whole concept seems dodgy to me. Thank you for clarifying how it could potentially be used nefariously by governments and their proxies.

One thing I learned in my early research: whenever systems and rules are changed, the first thing most of the affected players do is look for workarounds and ways to reinstate the old status quo. Now we understand a means by which this may be accomplished by those trying to impose the system on the rest of us. They’ll have the size, connections and power to construct their own back doors by which to cheat, while telling the rest of us it’s better for transparency and accountability.

Since WHEN have governments EVER been interested in being transparent and accountable?? 😂😂

Expand full comment

No posts