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If BTCs killer app is criminal transactions, then regulation is guaranteed.
by newsclues 6y ago
If BTCs killer app is criminal transactions, then regulation is guaranteed.
- eecks 6y agoIs it illegal to transfer value from person A to person B without the middleman?
- alisonkisk 6y agoIn many cases, yes. It's not the "middleman" that is required, but reporting the transaction to the government is.
- mmcwilliams 6y agoIf avoiding reporting a transaction is the goal does committing the transaction to a public blockchain really bypass this? All activity is pseudonymous and in the clear.
- eecks 6y agoConsider these cash examples: A parent gives his child 5 USD to buy some sweets in the local shop. A couple gives another couple 150 USD as a wedding gift. A painter gets 200 USD for painting a house.
- dgellow 6y ago> Vendors of firearms, pornography, legal funds for unpopular causes, dissident content creators Neither pornography, nor legal funds for unpopular cause (think WikiLeaks), or dissident creators are criminal. At least not in the US or Europe. But they are still blocked by the main payment processing companies.
- newsclues 6y agoThe theory and reality don’t match. Drugs are likely the number one things bought using crypto as currency. Firearms and pornography can be bought with dollars if you’re using crypto to buy them or other unpopular goods or services, you are veering dangerously close to black markets, which invite regulation.
- caeril 6y agoRight, but I'm specifically referring to legal, but repressed transactions.