Home / Bitcoin / Bitcoin will not survive if it doesn’t have privacy. It will come under attack.

Bitcoin will not survive if it doesn’t have privacy. It will come under attack.

I think the most important thing is privacy. Privacy over everything else. If we don’t make Bitcoin more private and more fungible, it will not survive a concerted State-level attack that attempts to punish people for using it.

You can’t stop people from starting to use it and you can’t confiscate their money, but you could confiscate their family and throw them into a dungeon. You could take possession of their bodies and throw them into a dungeon. If using this system has real life consequences to your physical safety then we have a problem.

Anonymity is the only way we can make robust systems that allow individuals to assert their rights and their freedoms without being punished by an authoritarian system.

https://www.youtube.com/watch?v=5zIGGdNFH1k&t=55m20s


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