top of page

13th December 2023 > > Censorship.


Why censorship is a good thing. And why censorship is a bad thing.

Market Snap

Market Wrap

So, the Fed is “just at the beginning of policy easing talks” according to Jerome Powell. With under a year to go to elections for which Trump is sadly the favourite (to be fair, my goldfish would put up a decent showing against Biden if they had the fortune to own a US passport), I suspect those interest rate cuts are coming sooner rather than later, for no central bank is independent from the politicians.

Curious Cryptos’ Commentary – BTC censorship (good)

My thoughts on this subject are well-known. Some degree of censorship is necessary for the decentralised world and the centralised world to live alongside one another if we want to see the wholesale adoption of cryptos.

The centralised world will of course wish to keep pushing those boundaries of censorship, as it reverts constantly to its innate desire for coercion and control. We must stay alive to these threats, but the pace of innovation in cryptos ensures that the decentralised world will always be ahead of the game.

For a libertarian take on why we should welcome blockchain censorship as an embrace of the wonders of free markets underpinned by property rights – the only means by which mankind can banish poverty and deprivation, and the only basis for a functioning democracy – this article might tickle your fancy:

Curious Cryptos’ Commentary – Senator Elizabeth Warren (bad, very, very bad)

Warren has introduced yet another anti-crypto bill, one that aims to censor out of existence wallet providers, crypto miners, and almost everyone else with a connection to cryptos. She has form in this respect – Warren has made plain that in her worldview cryptos should not be allowed to exist. I think it is safe to assume that we can pop her into the “illiberal” category of politicians, of which there are far too many for my liking.

I won’t post the link to her new bill because it is pointless waste of everyone’s time reading it. What you might find interesting is this comment by Coin Center:

The conclusion tells us all we need to know:

“Make no mistake, while proposed as a solution to potential money laundering and terrorist financing, the bill is in fact a repudiation of liberal values and a move towards the types of surveillance and control prized by authoritarians like Vladimir Putin, Xi Jinping, and Kim Jong-un.”

10 views0 comments

Recent Posts

See All

16th July 2024 > > Miscellany.

tl;dr Institutions have been buying cryptos courtesy of the German taxpayer. Trump’s re-election odds have moved substantially in his favour, which may or may not impact cryptos. Coinbase’s “everythin

15th July 2024 > > UK.

tl;dr UK politics as they relate to cryptos. Market Snap Market Wrap In the last six trading days over $1bn has flowed into spot BTC ETFs. We are now one month away from the next quarterly deadline fo

14th July 2024 > > The CCC is back!

tl;dr A criticism, an apology, a dig at the bureaucrats (we haven’t had one for a while), an unlikely wish, and the tantalising prospect of fully opening the doors to TradFi. Market Snap Market Wrap L


bottom of page