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The same pearl clutching about making payments to site hosting "unlawful content" will apply to cryptocurrencies as well. Sadly, there are already efforts to tr
by BitwiseFool 6y ago
The same pearl clutching about making payments to site hosting "unlawful content" will apply to cryptocurrencies as well. Sadly, there are already efforts to track crypto payments and regulate the crypto ecosystem.
- crispyporkbites 6y agoHow do you block/censor a Bitcoin transaction to a porn site? Perhaps if the sending address has been linked to an IRL identity you could prosecute. But then you could just use Monero or other anonymous currencies instead.
- BitwiseFool 6y agoMy understanding is that the US government cannot realistically regulate the Bitcoin protocol, but it can regulate it's own citizens use of it. It wouldn't be materially difficult to pass a law stating that all bitcoin transactions made by citizens and businesses subject to US jurisdiction must be registered. While they would not be able to block the transaction, they can go after anyone who made the transaction.