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You don't stop crypto by taxing it. You stop it by banning it at the ISP level. It won't stop 100% of transactions but the price would crater for Bitcoin to $10
by snarf21 6y ago
You don't stop crypto by taxing it. You stop it by banning it at the ISP level. It won't stop 100% of transactions but the price would crater for Bitcoin to $10 and that alone will kill it.
- gruez 6y agoBitcoin runs over tor, you know.
- snarf21 6y agoTrue, but what percentage of user who own on Coinbase are going to setup Tor to buy/sell Bitcoin? What percentage are going to be comfortable setting up a Trezor? I did say it wouldn't stop 100% of transactions. If a government bans it, the hedge funds are dumping their positions too. Bitcoin would go back to being a $5 crypto. To be clear, I'm not sure the US government is poised to do this. I was merely saying that you can't carbon tax it out of existence.