Here's hoping paulkrugman's annoying run-in with the real risks of financial censorship will change his mind on Bitcoin, davidzmorris writes. Opinion for The Node newsletter.
It’s a delicious moment for cryptocurrency advocates. One of their self-appointed adversaries has had his pants pulled down by the exact problem they’ve continually warned about: the threat of capricious, seemingly arbitrary financial censorship in the digital age.
“We make it [public by] default because it’s fun to share [information] with friends in the social world,” a Venmo representative told CNET in 2021. “People open up Venmo to see what their family and friends are up to.”
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