Monday, January 29, 2018

Censorship Resistance

 The internet enabled the free flow of information, terrifying those who wanted to control communication. Bitcoin enables the free flow of value, terrifying those who want to control your money.

Andreas Antonopoulous


It is no secret that free speech is under attack by western governments. Therefore, no one should be surprised that the U.S. government is contemplating nationalizing the 5G network, and shutting out the telecom companies.

It isn't as if the telecom companies haven't been giving the government everything it wants, but nationalization of an important network is more than a little disturbing. The ability to turn off the service of someone whose speech the government disapproves of is a rather serious threat to liberty. Of course, they claim that their involvement is to protect us from Chinese interlopers. I doubt they have much interest in protecting me. The bigger threat comes from the possibility that the government would use their control over the network to spy on their own citizens and squash speech they find offensive.

Here is what I love about the bitcoin community; censorship resistance is a driving force of the movement. We are not just talking about how secure the blockchain is or how distributed is the network of nodes, but these guys are launching and leasing satellites in case the terrestrial networks go down or become inaccessible. Famed VC and bitcoin proponent Tim Draper is launching a blockchain based satellite network, while Blockstream is working on leasing satellites to support bitcoin.

The bitcoin community is making massive investments in censorship resistance on many levels.

Disclaimer: Nothing here should be construed as investment advice. These are nothing but my rambling thoughts. I do own gold and bitcoin, but do not recommend these assets for others. You have to do your own homework and know what you are getting into. Governments hate these two assets and will try to make sure no one who owns these things wins. You have been warned to stay away!


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