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And that is what is so wonderful about Satoshis great invention. The state has far less power over Mathematics, Cryptography and Game Theory. A gun is useless
by rfd4sgmk8u 5y ago
And that is what is so wonderful about Satoshis great invention.
The state has far less power over Mathematics, Cryptography and Game Theory.
A gun is useless against ECDSA. A government cannot stop a person holding, saving, spending or transacting in bitcoin. As long as there is a channel, anywhere in the universe that allows submission of valid, signed transactions to peers, the state cannot stop it.
- qwytw 5y agoSure it can, it can just ban crypto currencies and start fining all businesses which accept them and/or allow exchanging them for fiat currencies. While technically people still be able to transfer them I'm not sure how useful that would be in practical terms.