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RE: Cypherpunks: The Past, Present and Future of Bitcoin
I never considered that. Does this mean that buying bitcoin contributes to our freedom but if it gets controlled by governments it will on the contrary impose more enslavement to us? What kind of responsibilities it puts on us?
I don't think governments can control Bitcoin. More likely a government block chain is created and governments will try to force people to use it. Basically, either we stay decentralized or our lives will be ruled by a Central authority via block chain.
understand that. The strength is in decentralisation but how about some kind of regulations or law that can limit it?
Well, that's a political question, really. So I guess it depends on where you stand. I personally don't want governments to exist, so I think the solution is for the community to police it.
What limits exactly do you think need to be put on Bitcoin? Do you want to restrict people's freedom to do whatever they want to do with their own money?
i would agree with zero government. Same side as you. From what I see around - our government restricts our freedoms more and more each year. Western Europe is even worse. I wonder what happens next. Remember very well regulations during communist time.
We are the government so if We adopt a block-chain We will see the "truth engine" reveal that there is no need for governance when proof of work is applied.
Well, I mostly agree. I'd say there's always a need for governance, but no need for government. For governance, I'd let the free market be the driving force. Also, I'm not convinced proof of work is the best blockchain system. Steem's doing pretty well without it.
We have the "laws" of physics ......thats nice, goodnnuff EH?
I'm not sure what that has to do with the price of tea in China, but I don't really think we have "laws" of physics. We simply have best explanations for now. But I'll high five you, bro.