100 sats \ 2 replies \ @south_korea_ln 9 Jul \ parent \ on: Is their value to geo-locking bitcoins to facilitate localized circularity? bitcoin
By the way, I also don't believe the free market is efficient at finding the optimal conditions that benefit everyone. In that sense, I'm probably quite different from the typical free-market absolutist you'd find here.
On some level, I agree that some policies implemented by the Korean government have effectively protected the country from being invaded by Google, Facebook, Uber, etc... Most people prefer using local alternatives that have been able to develop while the government was using a close-door policy on foreign tech. Quite similar to what China has been doing quite effectively.
It's a fine balance between destructive interference and potentially beneficial interference. Beneficial often comes at unintended long-term costs.
Also, I fail to see how Bitcoin devs would be able to implement such things. Already now people complain about the disproportionate power Bitcoin core developers have over potential other implementations. Would you see it as some kind of DAO structure where every Bitcoin holder would have a voting right as to what policies to implement? Please refer me to some other answers in this thread if you've already addressed this.
Really I see it like multisig. You do it if you want to, and leave it if you don't.
I have no concrete idea yet of how it would be implemented, but I am willing to bet it is a swell idea worth pursuing, for technical and intellectual value.
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Hello @south_korea_ln, I actually coded my idea and made a video. Check it out - https://www.youtube.com/watch?v=PaFZKtCXrkI
What do you think?
Here wondering how long my singular satoshi will take to pay back all those $34 trillion at that rate in the video :)
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