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I only see one point: Bitcoin and similar prevent powerful mechanisms through policy like the Magnitsky Act allowing economic penalties of known bad actors, hop
by Mc_Big_G 6y ago
I only see one point: Bitcoin and similar prevent powerful mechanisms through policy like the Magnitsky Act allowing economic penalties of known bad actors, hopefully swaying their bad behaviour before physical/violent means are necessary.
Punishing bad actors is not high on my list of reason why I support any currency, so I don't have a lot to say about it other than question if sanctions have really had the effect you're asserting they have.
Also, sanctions typically take the form of imports and exports, rather than seizing currency, no? In any case, I'd need to do some research on that as it's not something anyone talks about or really considers to be a major factor in cryptocurrency adoption. Did you have another point?