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Game Theory. Let's say the US bans crypto, well then Russia will embrace it. Also, drugs are illegal... and it hasn't stopped drugs from trading hands... drugs

Game Theory. Let's say the US bans crypto, well then Russia will embrace it. Also, drugs are illegal... and it hasn't stopped drugs from trading hands... drugs even manage to make their way into prisons.

Reedx 6y ago
I think they will see that possibility, though. So the US, Europe and others could agree to ban it at the same time. Not all countries would need to sign on to essentially send it back to the stone age.
- gruez 6y ago
  >So the US, Europe and others could agree to ban it at the same time. Ah yes, like how the US and Europe agreed to ban drugs? How's that working for them?
  - deleted 6y ago
    [deleted]
  - Reedx 6y ago
    Terribly. But that's a good example of countries agreeing to ban something.
  - rank0 6y ago
    That's not the same at all. Drugs have an inherent "value" or reason why people demand them. People love getting high. Drugs are addictive. Bitcoin demand is driven mostly by speculative investors. Maybe governments can't completely kill bitcoin, but they could certainly drive it back to fringe enthusiasts and criminal activity if they wanted.
- nmlnn 6y ago
  How would they enforce such a ban?
  - imtringued 6y ago
    By delisting the cryptocurrency from exchanges or shutting down cryptocurrency exchanges.
asdff 6y ago
The difference is you can make drugs. You can't make internet access.
- jimmydorry 6y ago
  Yes you can, and I believe the most basic infrastructure is already in place [1]. It would just need to be expanded on. Blockstream has been working in this space for several years now [2]. [1] https://blockstream.com/satellite/#:~:text=Blockstream%20Satellite%20broadcasts%20the%20Bitcoin,Bitcoin's%20dependency%20on%20internet%20access.&text=By%20eliminating%20cost%20barriers%2C%20people,participate%20in%20the%20Bitcoin%20network https://blockstream.com/satellite/#:~:text=Blockstream%20Sat.... [2] https://blockstream.com/2020/05/04/en-announcing-blockstream-satellite-2/ https://blockstream.com/2020/05/04/en-announcing-blockstream...

Reedx 6y ago

I think they will see that possibility, though. So the US, Europe and others could agree to ban it at the same time. Not all countries would need to sign on to essentially send it back to the stone age.

gruez 6y ago
>So the US, Europe and others could agree to ban it at the same time. Ah yes, like how the US and Europe agreed to ban drugs? How's that working for them?
- deleted 6y ago
  [deleted]
- Reedx 6y ago
  Terribly. But that's a good example of countries agreeing to ban something.
- rank0 6y ago
  That's not the same at all. Drugs have an inherent "value" or reason why people demand them. People love getting high. Drugs are addictive. Bitcoin demand is driven mostly by speculative investors. Maybe governments can't completely kill bitcoin, but they could certainly drive it back to fringe enthusiasts and criminal activity if they wanted.
nmlnn 6y ago
How would they enforce such a ban?
- imtringued 6y ago
  By delisting the cryptocurrency from exchanges or shutting down cryptocurrency exchanges.

asdff 6y ago

The difference is you can make drugs. You can't make internet access.

jimmydorry 6y ago
Yes you can, and I believe the most basic infrastructure is already in place [1]. It would just need to be expanded on. Blockstream has been working in this space for several years now [2]. [1] https://blockstream.com/satellite/#:~:text=Blockstream%20Satellite%20broadcasts%20the%20Bitcoin,Bitcoin's%20dependency%20on%20internet%20access.&text=By%20eliminating%20cost%20barriers%2C%20people,participate%20in%20the%20Bitcoin%20network https://blockstream.com/satellite/#:~:text=Blockstream%20Sat.... [2] https://blockstream.com/2020/05/04/en-announcing-blockstream-satellite-2/ https://blockstream.com/2020/05/04/en-announcing-blockstream...