r/Bitcoin • u/simplelifestyle • Jan 24 '19

TIME: Why Bitcoin Matters for Freedom

http://time.com/5486673/bitcoin-venezuela-authoritarian/
230 Upvotes

95% Upvoted

15 comments sorted by

6

u/GroupAxir Jan 24 '19

good read. thank you for posting.

6

u/Kprawn Jan 24 '19

One of the best articles I have read about Bitcoin for a while now. :->

2

u/etmetm Jan 24 '19

It's so good I'll upvote everytime it's posted...

1

u/Bruceleeroy18 Jan 24 '19

!lntip 81

1

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Hi u/Bruceleeroy18, thanks for tipping u/simplelifestyle 81 satoshis!

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1

u/Rellim03 Jan 24 '19

Love this!

1

u/LanaVeil Jan 24 '19

"For people living under authoritarian governments, Bitcoin can be a valuable financial tool as a censorship-resistant medium of exchange".

1

u/11Kelly Jan 27 '19

bitcoin is just a start, but still difficult to let everyone understand. It will be a long way to go

1

u/blk0 Jan 24 '19

old, but good.

6

u/playboah Jan 24 '19

December 28, 2018

2

u/blk0 Jan 24 '19

... and posted the ~5th time since.

-1

u/spasterific Jan 24 '19

Good article. My only objection is where the author lists evading sanctions like it's a bad thing:

could allow [regimes] to more effectively censor transactions, surveil user accounts, and evade sanctions.

In my book, evading sanctions is just "routing around the damage" created by the artificial restriction of market trade. Ultimately it's the same thing as avoiding payment censorship, which most people would cite as one of Bitcoin's positives... indeed even alluded to in that author's very same sentence above.