4 ms·
Bitcoin.
by umanwizard 9y ago
Bitcoin.
- narrator 9y agoI knew about Bitcoin quite early, but I was convinced the government would shut it down. I am mystified as to why they didn't.
- mslate 9y agoThey cannot--coordinating enforcement is impossible for nation state actors, at least not yet.
- cheeze 9y agoShutting it completely down is impossible, but making possession illegal is not.
- tlrobinson 9y agoPossibly because it's not actually as anonymous as some people believe.
- umanwizard 9y agoThe government can't just "shut down" whatever it wants in a society like the US with (relatively) strong rule of law.
- krapp 9y agoSome governments have banned it, many haven't. It's likely that Bitcoin (and cryptocurrencies in general) aren't, and never were, the existential threat to governments as a whole that anarcho-capitalists wanted it it to be. States and law enforcement are more likely to be concerned with what Bitcoin is used for, than the mere fact that it is used.
- kenbaylor 9y agoSame here. In the early days, the price was driven by emotion. Every time there was a problem, everyone sold and the price went to the floor.