4 ms·

This is why so many people are so gungho about crypto.

• toomuchtodo 6y ago
  Make no mistake, crypto or not, the law still applies and you aren't going to "win" against a nation state that has a monopoly on force and legal enforcement. Your actions on the ledger are mostly permanent, and one opsec mistake and you're screwed.
  • seibelj 6y ago
    The government can't outlaw payments to a company that isn't illegal, but they can lean on our duopoly of payment providers to effectively do the same thing. Crypto enables true peer-to-peer payments, which prevents aggressive government action against companies that are morally corrupt in the mind of some (but not all) people.
  • chrisco255 6y ago
    That's one less battle to fight, though. At least with crypto the payment platform is plausibly neutral.
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  • cft 6y ago
    They already accept https://thebitcoinnews.com/pornhub-accepts-bitcoin-top-adult-site-expands-cryptocurrency-payment-options/ https://thebitcoinnews.com/pornhub-accepts-bitcoin-top-adult... This simply means that the government will double down on making life for crypto holders more and more difficult, like KYC on non-hosted wallets
  • Reelin 6y ago
    > Your actions on the ledger are mostly permanent, and one opsec mistake and you're screwed. Which is precisely what's motivating the ongoing rapid development of various privacy preservation strategies (Monero, Zcash, Wasabi Wallet, ...).