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> You're very naive if you think that corrupt governments won't have power over blockchain-based technologies. In the strictest sense: Yes, with enough coercio
by x-complexity 5y ago
> You're very naive if you think that corrupt governments won't have power over blockchain-based technologies.
In the strictest sense: Yes, with enough coercion, a small blockchain could be influenced. However, from a practical standpoint, it simply makes much more sense for said government to follow the FATF's recommendations & implement a CBDC, no blockchains required.
In fact, combined with AML/KYC, said government wouldn't need to bother with dissidents, as they can simply wipe the balances of anyone they deem a threat towards national security.