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Right, because it was hard to control and ridesharing was clearly better. My point was the experience in functioning countries has not shown this to be true of
by graeme 6y ago
Right, because it was hard to control and ridesharing was clearly better. My point was the experience in functioning countries has not shown this to be true of bitcoin.
It has been easy enough for govts to enforce tax and security laws where they’ve tried. What laws have been changed for bitcoin?
- jimmaswell 6y agoThe IRS issued official guidance on it but there's no need for new laws around it.
- graeme 6y agoThat’s the point! Bitcoin didn’t bend the world to its will. Whereas ridesharing forced legalization of ridesharing.
- jimmaswell 6y agoYou could argue its popularity has prevented governments from regulating against it as hard as they would have liked to.
- feanaro 6y agoI should note that I do not necessarily imply in my comment that it would be Bitcoin that would bend the world to its will. Bitcoin is just one member of a larger cluster of cryptocurrencies. There are certainly some cryptocurrencies for which it is not so obvious that governments will be able to enforce exactly the same laws as they enforce now. That said, even with Bitcoin, I do think it shifted the world ever so slightly in a new direction of financial independence which just wasn't there before. There is something distinctly different about sending money to someone else in any part of the world just by typing their address, with no one being able to stop you. With traditional methods, governments could impose and have regularly interfered and imposed bureaucracy already on this sending step. With Bitcoin they do not do this because it isn't very practical.