Post
Topic
Board Bitcoin Discussion
Re: We should be happy tyranny is allergic to bitcoin, not sad.
by
taltamir
on 20/12/2013, 23:13:36 UTC
Crypto anarchy is real and in existence

1. An anarchic currency used in a different form of government isn't an anarchy the same way that china isn't capitalistic despite allowing the occasional capitalist endeavour.
2. Governments are already moving to regulate bitocoin
3. Bitcoin is not an anarchy, it is a democracy (not a constitutional republic in that if 51% vote to just steal money from X to give to Y it happens, there are no protection against it). Furthermore, unlike traditional democracies where people each get a vote, in bitcoin the vote is based on hashpower, which is extremely easy to centralize thanks to ASICs.