Oddbean new post about | logout
 "Bitcoin? Well, what happens when they just turn off the electricity? Checkmate." 
 Exactly, and this is why they can't just ban Bitcoin or Nostr. It would make the government illegitimate over night. Same thing Bangladesh where they just turned off the entire internet (literally) for days for quell protests. Yes it worked, but at a huge cost to the economy, and it cost the government any last shred of legitimacy they might have had in the eyes of the people. 
 Fortunately these dictatorial governments are largely incompetent, so they can't forsee the consequences of their desperate actions.