Does Bitcoin Challenge State Sovereignty?
Attending the World Bank Conference Mark T. Williams gave his presentation entitled, "Virtual Currencies - Bitcoin Risk" in which he outlines "10 Major Bitcoin Risks." The presentation begins with an overview stating that the European Banking Authority has identified over 70 risks associated with virtual currencies before diving into the ten "most significant risks associated with Bitcoin." Ten Major Bitcoin Risks. His first points will come as no surprise to many in the Bitcoin community. But it's his last point I want to focus on. Bitcoin Is Not Legal Tender. Extreme Price Risk. Extreme....
Related News
Mark Moss joins a group of Bitcoiners to discuss self-sovereignty and how to use Bitcoin and other tools to achieve it.
Accessing decentralized finance should be possible without centralized intermediaries. Unfortunately, most people only now realize how many of these entities there are and the damage they can do to the broader ecosystem. 2022 And beyond needs to be about self-sovereignty before things spiral out of control even further. It is essential to look beyond promises […]
Open-source Bitcoin and Lightning Network node developer Umbrel has released an update including multiple sovereignty-enhancing features. The post Latest Umbrel Update Further Improves Bitcoin Privacy, Self-Sovereignty appeared first on Bitcoin Magazine.
In a remarkable acknowledgement of Bitcoin’s power over the fiat system, a Nigerian senator conceded to hyperbitcoinization. The post Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization appeared first on Bitcoin Magazine.
We are living in a new world. As Andreas Antonopoulos put so eloquently, "now that we have crypto-currencies, it's not sovereignty that determines currency, it's currency that creates sovereignty." Bitcoin has helped declare independence for the Internet, and it appears it will continue to disrupt the status quo until that independence is recognized. If we've learned anything from P2P technology, it's that our rules bend around the tech, not the other way around. But if our rules bend around the tech, could we one day be living in a world where our borders do too? Take the concept of....