Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance.
The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis.
The Three Pillars of Censorship Resistance
In the financial context, censorship resistance is the ability to carry out financial actions despite the wishes of any third party.
In crypto, the three pillars of censorship resistance are:
The freedom to transact. This means third parties cannot prevent you from sending or receiving assets.
The freedom from confiscation. Third parties cannot take away or freeze your assets.
The immutability of transactions. It is impossible for third parties to change or revert transactions after the fact.
Troubling actions increasingly taken by centralized entities in the public and private
We współpracy z: https://news.bitcoin.com/dont-forget-the-importance-of-censorship-resistance/
