You realize that what you just said literally doesn't explain even a little bit what BitCoin does? And please stop talking about turnips? Finish the scenario. Tell me how YouTube switching to BitCoin DOES ANYTHING AT ALL.
The business model remains identical, and the entire world could keep doing precisely what it's doing right now. You get somewhat more information, perhaps, than you do with SEC filings, but not that much.
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Given a choice between an incorruptible system and a corruptible one, any sane man would use the incorruptible one. Now sure that doesn't force anyone else to use it, but if enough sane people start trading together then things change. [1/3]
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Eventually the people who refuse the new system become forced by peer pressure as few else remain to trade with. This couldn't happen in the past because the paper trail always hid in a dark crevice of the world, with no one party able to see the whole economy at once.
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Doesn't crypto makes it harder for a government or individual to forcibly change ownership or access of someone's financial possessions? Something that is comparable easy with fiat money?
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No, it does not. Ownership does not have anything to do with record-keeping. A government can simply declare by law that you do not own a thing, and then you don't, because it is the police force that determines ownership, and by transitive property, the court.
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