6min chapter

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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles

Lex Fridman Podcast

CHAPTER

The Internet Out Competes Close Source Networks

If a particular central bank like in Europe or United States bans it, you think there's a really strong incentive for the other big players to enable it? That's right. And that they're more likely, by the way, since, and governments know this,. The other thing that causes the government to shoot itself in the foot is that if they ban something, they draw a lot of attention to it. I just don't see how there's no possibility of unilaterally stopping Bitcoin or destroying it. So then they're morelikely to regulate or tax it. Regulators and others, whether wearing their citizen hat, they're going to be on the front lines of trying to control it.

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