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As long as this system is run online,it would be free of regulations,so the govt would not be able to impose it's will on your assets...
by friedButter 9y ago
As long as this system is run online,it would be free of regulations,so the govt would not be able to impose it's will on your assets...
- che_shirecat 9y agoUntil this only-online "exchange" is "hacked" and suddenly you can't claim any BTC with their tokens anymore. Did you read the "counter-party risk" part of my comment?
- friedButter 9y agoMy bad, missed that. Yes, that risk is increased quite a bit, but I thought the main selling point of Bitcoin is that govt can't control your spending, which would stay
- nkrisc 9y agoI think you underestimate many governments.