Does it? Bitcoin just says anyone can transact. But that doesn't really solve the problem. The problem is that legal businesses should be able to transact. Illegal businesses should not.
Bitcoin just removes all the limitations. But that creates new problems, quite frankly. Plus, it's very difficult for businesses to utilize Bitcoin. Fiat onboards have similar limitations to Visa/MC. Many legitimate business models will be denied accounts at reputable exchanges.
This is the reality. Payment processing is a utility. Small businesses literally cannot operate online without payment processing. On first glance there appears to be many third party providers, but ultimately they are all processing Visa/MC, and are selecting customers on the same criteria.
Such as what happened in 2018-19? Bitcoin never goes "bankrupt". Bitcoin never ceases to exist. The price can do whatever it wants, but the lower it goes, the more momentum it can build on the way back up.
Most cyber criminals have a script. They don't deviate from the script unless they think they have a potential home run. Even then, going from this to sending out fake mail correspondence... That's a whole different toolbox. 99%+ of the time they will not even consider it. Especially since it's not scalable.
They have people voting over 3% tax increases and gay marriage, not surveillance. Doesn't matter who you vote for, every party is in favor of increasing their power.
Another example on how tech giants control the livelihoods of millions of people. They can press one button and put thousands of people out of a job at any time. Workers rights? How about an automated reply and no specific reason for the death of your company/application/income.
These companies need to be regulated ASAP. Especially when it comes to terminating users.
I assume those data waivers are set up through deals between the telcos and the companies behind those applications. Microsoft certainly has the resources to arrange similar deals, but they seem to have given up on Skype years ago. Absolutely baffling, especially with the recent valuation of Zoom.
The smoking gun is that labs in Wuhan were studying different coronaviruses in bats at the time the virus emerged. One of those labs was right near the seafood market which had one of the first documented outbreaks.
It's all circumstantial evidence of course, but that's really all you're going to get with a country like China. We can be damn well sure that they would never admit to the virus originating from a lab leak. To me, this is the clearest and most likely source of the outbreak.
The problem is that discussing this hypothesis in any form is often labeled as "offensive" and "racist". The generally accepted theory even in the West is the lab leak was somehow disproved. It's always baffled me, because the only way you could really disprove the lab leak theory would be by finding the original source of the virus.
Instead, the media often attempts to disprove the lab leak by pointing out that COVID-19 differs from the viruses that were being worked on in the Wuhan Lab. But that in itself implies that China is being transparent. To the contrary, we know that China would take every measure to obfuscate the lab leak if they believed it was the origin of the virus.
For that very reason, we cannot accept their narrative at face value. We certainly don't have enough information to confidently eliminate the lab escape theory. The media has largely suggested that the lab escape theory has been disproved.
This will be an interesting case study in what happens when a government goes head on against cryptocurrencies. This will lead to some interesting innovation in the space. There are too many cryptocurrency users and believers in India at this point.
We will see some interesting P2P exchange platforms where anonymity becomes paramount.
Bitcoin is the first successful project which achieved digital scarcity. Scarcity is one of the most important features in assigning value to a particular object. Bitcoin's scarcity is not only proven, but also completely transparent and trackable. Its scarcity does not rely on any centralized organization, it is completely based on mathematics and cryptography.
It may not have been apparent how ground-breaking or important digital scarcity was at the time. Most of the time when we think of money, we think about how we use it in our everyday lives. We buy coffees, we pay for an Uber. But underneath all that, there is a deeper meaning to money. Why do we value money? It really just boils down to scarcity, liquidity, demand.
Money has all 3. However, the scarcity factor of traditional money is flawed. It relies on centralized parties, for which money is not actually scarce. They can and do alter the supply at any time. It's a tradeoff we make because fiat is so liquid / demanded / transactable.
Bitcoin is less transactable than fiat money in most regards, but it makes up for it in the transparency of its scarcity. If you were going to lock your wealth up for 25 years, would you put it in USD or BTC? More and more people would say BTC. I can tell you how many BTC will exist in the year 2050. I would have no way to do the same for any fiat currency.
The main risk to BTC is some sort of technological breakthrough which greatly improves upon the concept of cryptocurrency. It's not that cryptocurrency will suddenly disappear or lose its value. Cryptocurrency is here to stay. We have witnessed the birth of a new asset class.
What you're forgetting is that running an online business all day is isolating. Going to work with colleagues, all working towards a common goal, gives a sense of community. When you are not dependent on the money from your job, it also gives you a certain amount of leverage people normally don't have.
Then on top of this, for this gentleman to see a big change in his/her lifestyle, considering they are already earning $6K/month, any new business would need to make substantially more than that. Is making another $6K/month going to seriously change his/her life? Probably not. Maybe it affords a bit of a nicer house, staying at 5 star hotels VS. 4 star hotels.
The reality is to see a major difference in lifestyle from a new business, it would need to make $20-30K a month, or more.
Bitcoin just removes all the limitations. But that creates new problems, quite frankly. Plus, it's very difficult for businesses to utilize Bitcoin. Fiat onboards have similar limitations to Visa/MC. Many legitimate business models will be denied accounts at reputable exchanges.