3 ms·
> nobody has the ability to actively control AKA only the really powerful entities can AKA "dictatorship"
by lostjohnny 7y ago
> nobody has the ability to actively control
AKA only the really powerful entities can
AKA "dictatorship"
- Zak 7y agoA really powerful entity, let's say Facebook, or the US government would find it difficult to do any of these with Bitcoin (used as the example because it's well-known): * Alter the monetary policy significantly * Prevent a specific person, organization, or country from using the currency * Prevent the use of the currency for specific goods or services That doesn't make using Bitcoin a magic bullet to be free from the influence of the US government even if its popularity and monetary policy were appropriate for widespread use as a currency, but it raises the difficulty level versus influencing someone who's doing business in USD.