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You regulate the fiat onramps and offramps which are the exchanges. Nobody uses bitcoin to actually pay for things, so once you take away the ability to exchang
by lalaland1125 9y ago
You regulate the fiat onramps and offramps which are the exchanges. Nobody uses bitcoin to actually pay for things, so once you take away the ability to exchange it for fiat, the whole scheme collapses. The US government could end most of this tomorrow by simply shutting down a handful of exchanges.
- ghthor 9y agoThis is very shortsighted. In the positive future, you aren't going to need to exchange into fiat currency, youll just exchange in crypto.