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If anyone thinks goverments would let an alternate asset class, which they don't have any control over or visibility into (however much I personally disagree t

If anyone thinks goverments would let an alternate asset class, which they don't have any control over or visibility into (however much I personally disagree that government should not be regulating this), grow into infinity then they are being delusional. Its just common sense but it's hard for people to think rational during a hype cycle. All it takes is one bad actor(s) to fund something nefarious using btc and the governments will make all this illegal in a few hours. I love the concept of crypto and I think it will be used for lot of use cases in the future, no doubt about that

rawtxapp 6y ago
The beauty of decentralization is that they can't stop it. Sure, a country can ban it and the price might drop temporarily, but a) that would just create a black market for it, b) they would be left behind while other countries that embrace it innovate and prosper.
- SideburnsOfDoom 6y ago
  > While other countries that embrace it innovate and prosper. No evidence at all of any useful innovation happening here. Just churn, waste and grift. it's wishful thinking
  - rawtxapp 6y ago
    You seem dead set on thinking Bitcoin is trash, can you say more about why you think no useful innovation is happening here? I'm legit curious as to how much have you researched bitcoin? How familiar are you with things like defi?
    - SideburnsOfDoom 6y ago
      > why you think no useful innovation is happening here? https://en.wikipedia.org/wiki/Burden_of_proof_(philosophy)#Shifting_the_burden_of_proof https://en.wikipedia.org/wiki/Burden_of_proof_(philosophy)#S...