Bitcoin Separates Money From The Government – Bitcoin Magazine

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This is an opinion editorial by Ryan Bansal, a professional software engineer and author of a Bitcoin newsletter.

“The computer can be used as a tool to liberate and protect people, rather than to control them.” — Hal Finney

Technologies are just amplifiers, not arbiters of morality. By extrapolating from the above quote, it is within reason to claim that any technology can be both a tool for either tyranny or for freedom depending on whose hands are on the power lever.

The principle of checks and balances shows that in any kind of system that relies on concentrated power, that central institution becomes the honeypot for malicious actors. Also, keep in mind the democratic principle that more distributed decision-making is more robust and fair for any society. So it sounds like a no-brainer that the best way moving forward is to develop and adopt technologies with no single ultimate power lever?

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