The State vs. Bitcoin

– The sustainability of censorship resistance –

Foreword: As with freedom and oppression, Bitcoin and State money may exist in a perpetual tug of war between ideals. Where State money relies on compulsory participation, Bitcoin offers completely voluntary entry and exit and thus represents the antithesis of State money. In this essay I will explore the mechanisms in which Bitcoin may resist State attack.

· The term ‘Bitcoin’ with a capital ‘B’ refers to the Bitcoin network or…