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Or you know, they love the idea of an immutable record that’s far from anonymous. Cash is hard to trace, a Bitcoin is easy to trace for something like the NSA.
by DmenshunlAnlsis 8y ago
Or you know, they love the idea of an immutable record that’s far from anonymous. Cash is hard to trace, a Bitcoin is easy to trace for something like the NSA. It’s a giant digital paper trail by design! Besides, Bitcoin is as likely to become a dominant currency as shells or promises. No one outside or BTC fanatics honestly entertain that idea, and only a few who do espouse it do so because they really think it’s likely. For obvious reasons hyping the currency translates directly into profit, so it’s hype all the way down.
- stale2002 8y agoWell, a couple of the cryptocirrencies out there have privacy baked in, such Monero. I don't see any of these privacy coins being banned yet, so..... But anyways that is besides the point. The argument that the OP was making was that governments are areal threat to crypto. And MY point was that these governments are NOT actually attacking cryoptocurrencies so I guess things are going to work out fine for cryptocurrencies.
- DmenshunlAnlsis 8y agoAnd MY point is that extrapolating too much from minimal data is unwise. If you’d like it put in historical terms, “...Let a hundred flowers bloom and a hundred schools of thought contend...”