[mkleczek]

https://news.ycombinator.com/item?id=46432107

I wonder if (when?) elites are going to use and support Bitcoin. Oppressive governments will force citizens - even such powerful as judges - to search for escapes.

[alecco]

The banking cartel will outlaw any real alternative. Bitcoin, Brics crypto system, whatever. And they will confiscate gold like back in the 30s. If they don't their magic money faucet will end. And they started wars for much smaller threats to their dominance.

[tgv]

First, a French judge has no power in the US. Second, Bitcoin is utter shit: it is not sustainable and mainly used to prop up criminals. Third, if money can be hidden and taxation becomes very difficult or impossible, society will collapse, and the "elite" loses its position. Bitcoin is not an alternative.

[integralid]

Cash is more anonymous and less trackable than Bitcoin and the society didn't collapse.

[OutOfHere]

Cryptocurrencies work fine. If the debanked were to use them, they would find 90% of their restrictions lifted immediately and without permission from anyone.

No, society will not collapse; it will stabilize. There are many forms of taxation, e.g. property, tarrifs, etc. that are unaffected.

Those who call Bitcoin utter shit always have an agenda and insecurities rooted in a feared loss of status.