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I have hypothesized that long-term, crypto currency will be made illegal to some degree eventually for one of two reasons or both: 1. Governments use fiat curre
by tjpaudio 8y ago
I have hypothesized that long-term, crypto currency will be made illegal to some degree eventually for one of two reasons or both:
1. Governments use fiat currency as a lever for it's monetary policy and cool/heat the economy and job market. If crypto use becomes widespread enough to weaken this lever, I could see pushback from governments.
2. This, environmental concerns. Crypto has to be the least-green modern technology by ALOT. Once the public catches on, I think there will be significant push back. This is of course largely dependent on the population deciding to side with the environment, which history has shown us has to be a mixed bag.
- ThrustVectoring 8y agoMore likely is the application of restrictive regulation in order to combat illegal activity that involves bitcoin. Money laundering, kidnapping, extortion, and bribery are kind of a big deal.
- gtt 8y agoIt will be removal of competition for their fiat disguised as environmental concern.