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> My point was that the government has control of the internet, and thereby all activity on the internet. Yes, if you're a big enough bully, you have control
by feanaro 6y ago
> My point was that the government has control of the internet, and thereby all activity on the internet.
Yes, if you're a big enough bully, you have control over many things. However, sometimes the control would imply too much destruction so even the bully chooses not to proceed. This is essentially what is happening right now.
- xapata 6y agohttps://www.cnn.com/2020/12/18/americas/venezuela-death-of-socialism-intl/index.html https://www.cnn.com/2020/12/18/americas/venezuela-death-of-s... > In more recent years, even the state's hold on the country's financial system has been badly shaken, with the US dollar growing commonplace in day-to-day transactions. In March 2019, Venezuela's entire electric grid collapsed, leaving some regions without power for up to a week. Without electricity, electronic transactions including credit and debit card payments were impossible, and paying cash was futile with even the highest-denomination bolivar notes worth only pennies. So Venezuelans started using the option left: illegal foreign banknotes. How would they use Bitcoin when electricity is out? Generators only last so long when fuel is rationed. > the government for the first time allowed a private company to issue bonds in dollars, and by doing so, raise capital outside of government control. They key word there is "allowed" because that emphasizes the ability to disallow at some point in the future. People have this sci-fi imagining of megacorps and the collapse of government power. Instead, we have Jack Ma probably afraid for his life, because he insulted the wrong person.