The #bitcoin Light Bulb Moment
▻https://hackernoon.com/the-bitcoin-light-bulb-moment-6c9e0645d440?source=rss----3a8144eabfe3---
Regulation of Bitcoin businesses kills #innovation and makes people less safe. We know this is a fact from the story of the incandescent light bulb.The venerable incandescent light bulb has now been banned in many countries in the west. The reasoning behind this ban was that the bulbs are ‘inefficient’, and that removing them from use will save energy and reduce the amount of ‘carbon’ that is released into the atmosphere by the people who use them.As a replacement for these bulbs, ‘energy efficient’ fluorescent light bulbs were planned to completely replace the incandescent light bulb, by the force of law.All of the production lines that used to manufacture the incandescent light bulb have either been stopped or are in the process of being stopped. Capital has been diverted to the production of (...)