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> it's a regulatory body that makes decisions about currency supply Isn't that what Bitcoin is about? Getting rid of these often political decisions?
by mateuszf 5y ago
> it's a regulatory body that makes decisions about currency supply
Isn't that what Bitcoin is about? Getting rid of these often political decisions?
- jpgvm 5y agoNo? Bitcoin is a completely transparent system of record that is resistant to byzantine actors and can resist censorship/bans through decentralized infrastructure. It's not "about" anything, it's a piece of tech. There is a bunch of cryptobro culture around it that varies depending on which part of the web you frequent, some of which slants heavily libertarian that would espouse the sort of things you are talking about. Ultimately Bitcoin is still a solution looking for a problem. Banks aren't the problem because they happen to work quite well already.
- mateuszf 5y ago> Ultimately Bitcoin is still a solution looking for a problem. Banks aren't the problem because they happen to work quite well already. One thing is sure - there are people who don't agree with that. For example: people whose money was confiscated during https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_financial_crisis https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_fina...