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I'd say the people of the EU don't want their PII all over the place (even if it's in China. Actually especially if it's in China). If you can make cryptocurren
by knorker 8y ago
I'd say the people of the EU don't want their PII all over the place (even if it's in China. Actually especially if it's in China). If you can make cryptocurrencies not have that then that'd be great. Bitcoin very much does not address this.
As for questions like "Where did the mafia get all this money from" this is an argument against all cryptocurrencies, and for the financial regulation that is in place.
Financial regulation exists because people want it, for the most part, and either cryptocurrencies should have to abide by them (which includes trackability and reversibility) or it does not (which means GDPR).
I'd argue that no, there is pretty much nobody who wants cryptocurrencies, when they think about how yeah almost all the time financial regulation do benefit the individual.
I'm not saying GDPR is perfect, or even necessarily a step in the right direction. But cryptocurrencies are definitely a step in the wrong direction, going what people want.