logo
logo
Sign in

Why isn’t Bitcoin banned everywhere

avatar
Tech Mekrz

When I first heard of Bitcoin, it sounded like something out of a dystopian sci-fi novel.

But if it did?—?if Bitcoin were to go mainstream?—?I was convinced it would lead to a massive geopolitical disruption, shifting the power relations between governments and their citizens.

The first is that “all innovation is good innovation.”

Perhaps governments recognize the inevitable growth of blockchain technology and don’t want to stem innovation too early via overregulation.

But governments have also fought tooth and nail against end-to-end encryption, P2P filesharing, privacy technologies like Tor, and financial networks that enable tax evasion (see e-gold and global financial surveillance policies like FATCA).

If Bitcoin threatens the power of financial surveillance, then it would be considered far more dangerous than any of these prior technologies.

collect
0
avatar
Tech Mekrz
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more