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Bitcoin is inherently censorship-resistant and unaffected by borders, so banning in any given country will have minimal effect on its usefulness as a savings me
by wyager 6y ago
Bitcoin is inherently censorship-resistant and unaffected by borders, so banning in any given country will have minimal effect on its usefulness as a savings mechanism unless it’s banned ~everywhere and regulatory arbitrage becomes too inefficient.
First-world governments that are relatively constrained in what they are allowed to do to their citizens may be unable to ban Bitcoin even if they wanted to.