reply on: Does bitcoin have any value if Russian oligarchs can't use it? \ stacker news ~bitcoin

28 sats \ 4 replies \ @harrr 25 Apr \ on: Does bitcoin have any value if Russian oligarchs can't use it? bitcoin

Those oligarch weren't using bitcoin, they were using a centralized service.

11 sats \ 3 replies \ @Scoresby OP 25 Apr

Yeah, look: there are bitcoin addresses on OFAC lists. It's not too many steps from samourai's centralized service to the centralized service of block template creation provided by mining pools.

And yes, they were using bitcoin.

0 sats \ 2 replies \ @harrr 25 Apr

If they had used bitcoin they would still be able to do what they were doing, yet they aren't.

30 sats \ 1 reply \ @Scoresby OP 25 Apr

If by "they" you mean Russian oligarchs, I do not know whether they are doing what they want or not.

If you by "they" you mean Samourai, my post isn't about what they are doing now.

I was trying to point out that bitcoin needs to offer censorship resistance or else it loses a good chunk of its value proposition.

10 sats \ 0 replies \ @harrr 25 Apr

I was trying to point out that bitcoin needs to offer censorship resistance or else it loses a good chunk of its value proposition.

Bitcoin IS censorship resistant and that's unstoppable. Centralized services can be stopped, peer to peer cash can not. People who use centralize services need to stop whining when they break.