this post was submitted on 29 Aug 2023
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Free in the sense that the place I store my wealth can't be confiscated (e.g. Cypress, Greece, etc...) or it's value inflated away by money printing.
Bitcoin is peer-to-peer digital cash. Governments can't ban it, that's why they are regulating it and accepting it as a thing.
Why do you think they can't ban it? If they can regulate it they can ban it. Use of an illicit currency would be a financial crime that they would investigate like any other.
Because banning things only makes them more powerful... If a country bans bitcoin, then it's putting all of it's citizens at a global disadvantage vs other countries. There is no practical way to enforce a ban of bitcoin. You can run a node over TOR.
It's the same concept of banning AI. Sure, a few people would stop, but the rest of the world will continue development.
That sounds more like a profession of faith than a logical argument. But to refute, kiddie porn is banned and not at all powerful. In any case TOR is quite thoroughly compromised by multiple law enforcement and related agencies, so maybe that particular pirate cove isn't your best bet.