. Regardless of one’s opinion of the legitimacy of such acts, they drive home the point that dollar reserves are only useful so long as their owners stay on America’s good side.
to process transactions for sanctioned addresses. That doesn’t mean that a European miner or South American exchange wants to upset Washington, but it does mean that they could if they had to. This optionality may come in handy in a crisis.— sassal.eth None of this means that global adoption of Bitcoin is imminent. The infrastructure remains raw, and most governments remain cautious, in part because censorship resistance also challenges their monetary grip at home.
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