“Worse than mediocre.”
@AriDavidPaul critiques bitcoin as a payment system
https://twitter.com/aridavidpaul/status/904844415100964868 …
because heroin has utility. people get high on it. what's the utility of Bitcoin if you can't easily trade it into fiat?
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Agree. Bitcoin’s vaunted censorship-resistance is completely untested against resolute regulators acting in concert.
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1/ The cryptography is well tested. There are roughly 100k nodes in every legal jurisdiction, and a satellite.
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2/ consider that regulators can't even stop the neighborhood drug pusher
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my point is, drugs have utility. people get high on them. what's utility of Bitcoin if you can send it around but can't change to fiat?
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and i'm with
@leashless on this. that it's a myth that Bitcoin can't be turned off.pic.twitter.com/sNtf7kRrix
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Only by outlawing encryption.
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no need to outlaw encryption. if Bitcoin nodes are unable to connect to each other then the network is FOOKED.
End of conversation
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