3 ms·
Two of the largest and most powerful Lobbyists are the United States are the Motion Picture Association (MPAA) and the Recording Industry Association of Americ
by RichardHeart 6y ago
Two of the largest and most powerful Lobbyists are the United States are the Motion Picture Association (MPAA) and the Recording Industry Association of America® (RIAA.) They didn't like every pleb across the entire world stealing every movie and song ever created. They tried to ban bittorent. They failed. So too shall bitcoin succeed. Disclaimer: I'm biased.
- chii 6y agoIf there was a demand for a product and it's use doesn't hurt others, you cannot ban it successfully. Look at how the prohibition fared!
- claydavisss 6y agoAt the crossroads of private currency and alcohol we have the Whisky Rebellion, when early Americans sought to avoid taxation by using liquor as currency. It was crushed.
- jpmoral 6y agoBitcoin has bigger problems than an attempted ban (which I don't see happening). I tried using it a few years ago. It was fiddly, slow, and the value was too volatile for me.
- bl557 6y agoBitcoin doesn't really work as a currency (at least without some layer 2 solution). It's most valuable currently as a store of value / hedge against institutions.
- jokethrowaway 6y agoI stopped using torrents because my internet provider complained. In Germany and several other European countries who are more socialist-leaning, fines are not unheard of. We definitely lost the battle for provider level privacy and tracking and the government makes it easy to speed up the process for these giant multinationals. Not to mention DMCA censoring things left and right (some in good faith, some in bad). Moreover, if bitcoin were banned I would imagine it would still exist and be used (think any illegal payment people may need to send online), but it won't be considered a good investment asset, loosing most of its value. Maybe that would be a success for bitcoin, it would be finally used as a coin.