Hacker News new | past | comments | ask | show | jobs | submit login

Bitcoin has very high value for authoritarians. If you can enforce the currency you can enforce wealth inequality and entrenchment of incumbents.



> Bitcoin has very high value for authoritarians.

Then why have almost all authoritarian governments banned Bitcoin?

> If you can enforce the currency you can enforce wealth inequality and entrenchment of incumbents.

That's the whole point. No one can control Bitcoin which is why it's not appealing to authoritarians. Authoritarians don't like things they can't have authority over.


Can you elaborate or add citations? Your claim is possible but so far we have seen the opposite with autocrats, authoritarians, groups who benefit from controlling their own currency.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: