Part 11/15:
He criticizes the tendency of governments to ban or restrict Bitcoin when it threatens their control, likening such actions to a “war against liberty.” Conversely, Peter emphasizes the importance of democratic institutions and rules-based systems to prevent chaos and authoritarianism, cautioning against the idea of outlawing or banning financial innovations.
They discuss how regimes like China ban Bitcoin to prevent capital flight and dissent, whereas more open societies that embrace cryptocurrency can foster economic freedom and resilience.