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by throwaway2274 4346 days ago
One problem with the current system that the article did not mention is that having a central party handle all the global financial transfers creates a big handle for nation states to put leverage on.

We saw this very clearly when the US government put pressure on VISA and mastercard to reject donations going to WikiLeaks. I remember watching that whole episode in disgust. With bitcoin, this is pretty much impossible.

1 comments

This is a great example, since iirc Wikileaks started accepting BTC donations shortly thereafter...