Post
Topic
Board Bitcoin Discussion
Topic OP
Does Bitcoin weaken the Wests ability to fight enemies of freedom?
by
zander1983
on 28/02/2023, 10:32:48 UTC
One of the most valid criticisms of Bitcoin is that it reduces the ability of the Unite States to sanction enemies of the West e.g. the billions of dollars in accounts belonging to Russians confiscated last year after the invasion, and the kicking off of Russian banks from the SWIFT network.

Given we are now moving back to the war portion of the war-peace geopolitical cycle, using the dollar and the traditional monetary network to sanction enemies is going to become more important. Does Bitcoin weaken the West's position? It's obvious to most people that the West has a growing number of enemies whose values are antithetical to freedom - mainly Russia, China and Iran. Therefore the problem Im outlining is going to become more into focus.

What's a good argument here, beyond "well the dollar-based sanctions weren't very effective anyway"?

Note:  I dont want to go down the road of whatabouttery and arguments about how the West is no better than Russia/China. It clearly is, and needs defending.