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2023-06-19 10:34:44

rikki "la bionda" 🏳️‍🌈 / @Rikki6ixx (RSS Feed) on Nostr: **RT @btcexplorers:** The best technologies were always "banned": Printed Books: The ...

**RT @btcexplorers:**

The best technologies were always "banned":

Printed Books: The printing press in the 15th century was seen as a threat by the Catholic Church, fearing the spread of uncontrolled ideas. Several restrictions were put on books, including censorship and the Index Librorum Prohibitorum (List of Prohibited Books).

Personal Computers: Early personal computers were viewed with skepticism and some workplaces banned them fearing they would lead to job losses.

Automobiles: Cars were seen as dangerous, noisy, and disruptive to the peace of towns and cities.

The "Red Flag Act" (UK - 1865) stipulated that cars must be preceded by a pedestrian waving a red flag or blowing a horn to warn of its approach. The speed limit was 2 mph in towns and cities and 4 mph in the country.

Electricity: In its early days, electricity was feared and met with public skepticism. Some towns and municipalities resisted the implementation of electrical grids.

Online Music Sharing: Peer-to-peer file sharing platforms, starting with Napster in the late 90s, faced legal battles and bans due to copyright infringement.

Bitcoin: Despite being a new technology, it has already faced numerous regulatory obstacles globally. Although the technology itself is impossible to stop, regulators have limited exchange platforms, tried to crack down on miners or minor applications...

Will #bitcoin (https://nitter.moomoo.me/search?q=%23bitcoin) be the next technology feared by regulators that will mark history?

And why does the regulator always 'ban' technologies that have changed history?

Lack of Regulation and Standards: Sometimes, new technologies emerge faster than the legal and regulatory frameworks that govern them.

Economic Disruption: Innovations can disrupt established industries, leading to job losses or other economic impacts. Regulators might restrict the new technology to try to protect existing industries and their workers.

Technological Immaturity: Sometimes a technology might be restricted simply because it's not yet reliable or mature enough.



https://nitter.moomoo.me/btcexplorers/status/1670741899500453890#m
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