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Because blockchains can be a great weapon against dictatorships who cannot allow free expression. US has enough cultural and institutional flexibility to accom
by RestlessMind 2y ago
Because blockchains can be a great weapon against dictatorships who cannot allow free expression.
US has enough cultural and institutional flexibility to accommodate dissent. First amendment protects almost any speech against the government, including insulting the president.
Compare that against China, who simply cannot tolerate citizens having any freedom of expression beyond what the party allows. See "tanks of tiananmen" smart contract[1] or "winnie the pooh" NFTs [2] - the only thing CCP can do at that point is to ban the entire blockchain ecosystem. But if blockchains are a big success in the rest of the world, CCP also has to cater to it just to keep pace with the West's tech progress.
[1] https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f5...
[2] https://opensea.io/collection/poohsnft https://opensea.io/collection/poohsnft