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by aba_sababa
4265 days ago
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I agree with you in that this is an excellent and demonstrably valuable use case for Bitcoin - we saw the same thing happen in Cyprus with the protests there. I don't think I agree about this meaning there will be a bright future for it. Venezuela and Cyprus are unstable, extremely corrupt governments. Bitcoin thrives in that environment. A bet on Bitcoin seems to be a bet that those kinds of environments will endure and are inevitable, which is vaguely reminiscent of 2nd Amendmenters and the way they want their guns because it'll help them defend against the "corrupt, evil police state". The problem is that America isn't actually a corrupt, evil police state and neither is it truly on the verge of imploding. I would bet against Bitcoin, at least in America, for this reason. |
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I won't say evil, because I think most problems in government are attributable to incompetence, but I think it's a plenty corrupt police state.