4 ms·

Most of these are just examples of bad things happening with zero explanation of how bitcoin could help. The ones which are to do with bitcoin are dubious at be

• mrb 9y ago
  I thought it was obvious how Bitcoin helped and didn't to explain... So it helps because it functions like cash: bitcoins are held digitally in your wallet and no one can stop you from transacting with them, unlike an account at a bank or payment processor that can be seized or frozen.
  • qplex 9y ago
    It's not at all that obvious. Bitcoin is _not_ like actual physical localized nation-state backed cash, nor does it function like one. In your list of examples Bitcoin is the hero that saves individuals from the oppression of a government or regulation, but sometimes it's the bad individuals (e.g. tax evasion) against a government and suddenly it's not so bad if there are ways to seize assets and close their accounts.
    • braziliaagorist 9y ago
      Well, only if you think that tax evasion is a bad thing.. https://en.wikipedia.org/wiki/Civil_Disobedience_(Thoreau) https://en.wikipedia.org/wiki/Civil_Disobedience_(Thoreau)
    • mrb 9y ago
      Wrong. Bitcoin is literally digital cash: it is held in your wallet and transacted directly from wallet to wallet. There is no third-party intermediary (like a bank or credit card processor) whose authorization is needed to make a transaction. This is what makes it cash-like.
      • qplex 9y ago
        >no third-party intermediary ... whose authorization is needed to make a transaction. This is what makes it cash-like. You need to get your transactions accepted to the ledger and you need to pay for that to happen as well (I guess whether the mining network is a third party is debatable). Not mentioning that people will most likely use some sort of intermediary for their digital wallet to begin with.