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The best way to change the behavior of any institution is to defund it and cut their income off at the root. The beauty of Bitcoin is that there is no such easy
by enginn 11y ago
The best way to change the behavior of any institution is to defund it and cut their income off at the root. The beauty of Bitcoin is that there is no such easy kill switch like this. This is the current money systems worst bug, and (sometimes) the current money system's greatest feature: the ability to press a kill switch on any organization, legitimate or otherwise. There are some organizations which by their very nature can be agreed upon to be truly unsavory and need to be be defunded at every opportunity. It's not so black and white. Wikileaks likes to complain about the banking blockade, but entirely overlooks how the banks can also cut off any number of unsavory organizations at the root which is why the banks have persisted for some time.
This is not rooting for the banks, but it is also not rooting for bitcoin either, where for it not for the criminals latching on to Bitcoin at such an early stage, it would not have gained the media hysteria it has in recent years.