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The government has more than enough power to prevent banks and investment firms from getting involved, which could significantly limit the pace of future growth
by psyc 9y ago
The government has more than enough power to prevent banks and investment firms from getting involved, which could significantly limit the pace of future growth in cryptoasset prices.
In the big picture, a tension between mathematics and the law has always been near the heart of the history of cryptanarchy and cryptocurrencies. Sometimes-Satoshi-candidate Nick Szabo has written extensively on this for ages [0]. I'd summarize it like this: 1) The Constitution cannot ultimately protect the legality of any crypto-related activity against a motivated governement. 2) The government cannot ultimately stop P2P crypto-architectures from functioning, although illegally, short of shutting down the Internet.
[0] http://unenumerated.blogspot.com http://unenumerated.blogspot.com