|
|
|
|
|
|
by woodruffw
1606 days ago
|
|
|
Each of these comes with a large asterisk: Uncensorable, except for all of the times that providers have refused service because of (very reasonable!) KYC laws. Global, except for all of the countries that will throw you in prison for using cryptocurrencies. Decentralized, except for the structured oligarchy of miners who prevent protocol evolution on any decentralized currency of sufficient value. Hully gee. |
|
|
- You cannot censor a Bitcoin transaction. You are talking about a completely unrelated issue and pretending this is an issue with Bitcoin.
- People in China are still mining Bitcoin and using crypto even with the ban. So it truly is global. Just like how drugs are global even though most countries have banned them: https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-m....
- Miners have tried to prevent changes to the Bitcoin and Ethereum protocol more than once and failed due to community consensus of the users. Miners don't get to decide which protocol is run, the users ultimately do. If the miners choose to mine an unpopular protocol, people can and will simply fork the chain to a more favorable protocol. This has happened plenty of times.