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We were never against private banks giving loans or private exchanges facilitating exchange. We wanted bitcoin because govt control of money results in: (1) n
by yunesj 6y ago
We were never against private banks giving loans or private exchanges facilitating exchange.
We wanted bitcoin because govt control of money results in:
(1) new $ is unfairly distributed,
(2) manipulation of $ to force consumer spending,
(3) use of $ to fund wars and other govt programs,
(4) threats of war are used to sustain $'s status as reserve currency,
(5) absence of any innovation in $
and bitcoin addresses these problems, while being censorship-resistant. BTC has been a great success for sending remittance payments, providing a store of value in countries with hyperinflation, and spurring innovation in the financial sector.