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Does Bitcoin Institutionalization Threaten Cypherpunk Values?

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Chainalysis recently helped law enforcement take down a child porn ring by tracking btc addresses. This kicked off a huge conversation about how essential is it to the value proposition of bitcoin for it to be able to used for things that are against the rules - whether we like them or not. The firestorm of debate it kicked up really came down to one key question: how will institutionalization impact bitcoin? Can institutionally safe and friendly bitcoin co-exist with anti-establishment, rule breaking bitcoin? 

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