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Great article! Aside from the pointing out expansion of the markets I would have liked for the author to show how the costs for taxpayers are rising with the re
by rolltiide 7y ago
Great article! Aside from the pointing out expansion of the markets I would have liked for the author to show how the costs for taxpayers are rising with the returns for the government diminishing.
With Silk Road 1.0 it was mostly a single government that had a lengthy expensive investigation that resulted in upwards of $50 million in Bitcoin seized and auctioned off. With the massive expansion of these market places, MULTIPLE governments are involved and barely seize or disrupt $1 million any more.
A better use of their population's money is consumer protection.
These market places have enough high quality but regular testing and alerts would protect their citizens. Governments have consequences by being seen to endorse drugs, I think this is a happy medium as the private sector has already picked up the slack here, and the government doesn't need to be seen as legalizing and regulating in stores just to keep people safe. Instead it can just review on these high quality marketplaces.