SaberhagenTheNameless on Nostr: "9. We don't need privacy! That's asking for trouble! 🤡 Bitcoin must have some ...
"9. We don't need privacy! That's asking for trouble! 🤡
Bitcoin must have some subversive element – or else it will go to zero.
This is not a matter of preference – it’s the cold calculated reality of comparative advantage. Venmo / WeChatPay, CBDCs – these have the upper hand when it comes to compliance. They have the upper hand in tech as well (“blockchain” is very inefficient, compared to the databases used by Venmo et al). Bitcoin cannot compete with them, unless it has some “edge” that they lack."
-Paul Sztorc
Bitcoin must have some subversive element – or else it will go to zero.
This is not a matter of preference – it’s the cold calculated reality of comparative advantage. Venmo / WeChatPay, CBDCs – these have the upper hand when it comes to compliance. They have the upper hand in tech as well (“blockchain” is very inefficient, compared to the databases used by Venmo et al). Bitcoin cannot compete with them, unless it has some “edge” that they lack."
-Paul Sztorc