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I’m far from an expert in these things, but to me the benefits of bitcoin are: 1) giving individuals a way to exchange money digitally without it being tied to
by dabbledash 6y ago
I’m far from an expert in these things, but to me the benefits of bitcoin are: 1) giving individuals a way to exchange money digitally without it being tied to their offline identity directly (cash) and 2) providing a currency that can’t be manipulated directly by government monetary policy. I assume banning it and replacing it with something from the government is intended to avoid those things intentionally, and isn’t some accident they stumbled into.
- analog31 6y agoIndeed, I'd separate the two policies. On the one hand, providing a digital currency that works like their existing money system, is just an extension of their existing policy, perhaps a minor technological upgrade. Banning crypto is another policy altogether.