hazel on Nostr: The general public faces a paradox regarding open blockchains: 'I want to participate ...
The general public faces a paradox regarding open blockchains: 'I want to participate in transactions anonymously, but I don't want to deal with anonymous entities if the system turns against me.'
Most people seem willing to trade their freedom for the peace of mind of knowing someone is in control.
Craving safety often means, to some extent, surrendering one's liberties. Humans sometimes prefer dictatorial systems, primarily because these systems provide a sense of security.
That is why I don't think the mainstream adoption of Bitcoin—as an austro-libertarian cypherpunk* mind likes to fantasize—could happen today, with the system as is.
*Privacy, freedom, minimal government intervention
Most people seem willing to trade their freedom for the peace of mind of knowing someone is in control.
Craving safety often means, to some extent, surrendering one's liberties. Humans sometimes prefer dictatorial systems, primarily because these systems provide a sense of security.
That is why I don't think the mainstream adoption of Bitcoin—as an austro-libertarian cypherpunk* mind likes to fantasize—could happen today, with the system as is.
*Privacy, freedom, minimal government intervention