Bitcoin and The Streisand Effect
Because Bitcoin cannot be stopped or shut down, this means that any publicity — negative or positive — any attack or attempt to quell the network via restrictive legislation is ultimately good for Bitcoin.Wikipedia defines The Streisand effect as “...a social phenomenon that occurs when an attempt to hide, remove, or censor information has the unintended consequence of further publicizing that information.” People instinctively become more curious about things that are intentionally being hidden from them, and will actively seek out that information more aggressively.....
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Many governments are purposefully or accidentally introducing their citizens to Bitcoin and sovereign theory through their decisions.
Prime Minister Tayyip Erdogan recently banned Twitter in Turkey after the network refused to remove tweets linking to incriminating recordings and documents directly involving him. After vehemently denying the validity of these documents, Erdogan announced on March 20 that following a court order, Twitter would be disabled in the country. "We'll eradicate Twitter," he said. "I don't care what the international community says. Everyone will witness the power of the Turkish Republic." This resulted in what's been referred to by Forbes as the Streisand effect, whereby an effort to cover....
Cryptocat made the news recently when its lead developer, Nadim Kobeissi, was detained and interrogated one week ago at the US-Canadian border. The tactic of harassing individuals who are involved in suspicious cryptography-related activities is not a new one. Nefario, the China-based founder of the Global Bitcoin Stock Exchange, was detained for hours as interrogators questioned him about Bitcoin and ultimately denied him entrance to the US last August. This time, the Streisand effect kicked in. Cryptocat saw the highest level of interest since the project's inception, and its inventor....
Update: The source of the downtime seems to be an attack on a website (DolarToday) which was using CloudFlare. As a result, multiple sites, including bitcoin sites, were unavailable for hours earlier today. According to multiple complaints from Bitcoin users within Venezuela, the government of Venezuela has started blocking several known Bitcoin websites. The affected websites include Bitcoin exchanges, Bitcoin news sites, and also Bitcoin mining sites. The major ISP in Venezuela is CANTV, who has previously done similar censorship in the country. Like last time, the Venezuelan ISP has....
Is Bitcoin susceptible to the Cantillon effect? To find an answer, please read this Bitcoin-Cantillon effect article. How to protect yourself from the Cantillon effect?The simplest method to safeguard yourself against the unequal distribution of new money is to leave the monetary system completely. Only the oldest living generations can recall a time when money was more than a piece of paper backed by the government's and military's "full faith and credit." We are conditioned to conceive of money as a product of our government, yet avoiding the Cantillon effect necessitates looking at....