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By what means can a government restrict use of Bitcoins that you hold in your own hardware wallet? You can run your own VPN at home. I don’t believe it would ev

by mlthoughts2018 6y ago

By what means can a government restrict use of Bitcoins that you hold in your own hardware wallet? You can run your own VPN at home. I don’t believe it would ever be practical for any government, of any size or sophistication, to prevent use of Bitcoins. Governments are deeply incapable of stopping even just basic crimes and fraud. If they can’t stop overtly criminal acts often committed with no technology to assist in obfuscation, why would anyone believe they can (a) detect network traffic somehow related to Bitcoin and (b) trace it back to an individual and (c) prove that individual has broken some law? Let alone to do this to perfectly law-abiding citizens conducting perfectly legal purchase of Bitcoin. Your point is very bizarre to me. Are you suggesting a government so incapable of managing fiscal activities that it descends into hyperinflation crisis is somehow magically super competent at extremely bespoke and difficult internet traffic surveillance of legal cryptocurrency transactions they have no reason to need to invest in expensive capabilities to monitor in the first place?

africanboy 6y ago
> You can run your own VPN at home. they can block VPN traffic > Governments are deeply incapable of stopping even just basic crimes and fraud that's just silly in my countries there are 270 homicides every year on a population of 60 million people do you think it's luck? > detect network traffic somehow related to Bitcoin because it's stupid easy > prove that individual has broken some law? do you really believe that in places like Iran or North Korea they really need to prove individuals broke some law? > Are you suggesting a government so incapable of managing fiscal activities that it descends into hyperinflation crisis is somehow magically super competent if they are so incompetent, why are they in charge then? if they are so incompetent, how did they manage to censor any media channel, including the internet? remember that "poor" countries aren't really poor, regimes keep the population in poverty but they still handle a ton of money.

africanboy 6y ago

> You can run your own VPN at home. they can block VPN traffic > Governments are deeply incapable of stopping even just basic crimes and fraud that's just silly in my countries there are 270 homicides every year on a population of 60 million people do you think it's luck? > detect network traffic somehow related to Bitcoin because it's stupid easy > prove that individual has broken some law? do you really believe that in places like Iran or North Korea they really need to prove individuals broke some law? > Are you suggesting a government so incapable of managing fiscal activities that it descends into hyperinflation crisis is somehow magically super competent if they are so incompetent, why are they in charge then? if they are so incompetent, how did they manage to censor any media channel, including the internet? remember that "poor" countries aren't really poor, regimes keep the population in poverty but they still handle a ton of money.