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A way needs to be found to scale the network to a size that can't be interfered with by a nation state(s) before a nation state(s) interferes with it. (e.g. if
by Element_ 13y ago
A way needs to be found to scale the network to a size that can't be interfered with by a nation state(s) before a nation state(s) interferes with it. (e.g. if btc network gains serious traction yet is small enough a nation state can interfere/control the network, a nation state will eventually interfere/control the network)
- mkramlich 13y agoi've begun one technical effort to help mitigate against that
- PeterisP 13y agoFor most of 'money' users 'scaling the network' would mean liquidity and convertibility - it should be transparent, easy, safe and fast to interchange bitcoin with all other currencies. This implicitly requires cooperation with the nation states, not expecting no interference whatsoever. For the billions people in the world who use money, "can't be interfered with" is not even near the top of properties money must have. Above all, it should be liquid (i.e., accepted in most places w/o hassle) and at least somewhat stable in value. Heck, for most uses the old Zimbabwean dollar was a better currency than Bitcoin - sure, it was under full state control and falling in value like a lead weight, but millions of people could and did successfully use it for their daily money needs.