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Frankly I’m surprised they haven’t done this already. There’s no way to account for money laundering which is an obvious use of Bitcoin. There are services that
by plank_time 6y ago
Frankly I’m surprised they haven’t done this already. There’s no way to account for money laundering which is an obvious use of Bitcoin. There are services that outright specialize in this.
My expectation is that they are coordinating with other countries so that they shut down bitcoin immediately across large swathes of the world. That would be enough to damage it permanently. They did something similar with online poker in the US and I can’t believe they wouldn’t do the exact same thing in this situation.
- scsilver 6y agoThat's not why Dalio says Bitcoin could be outlawed. His justification is based on gold being outlawed in 1934. It was about monetary policy, not legal matters.
- plank_time 6y agoYes I know. But the USD was backed by gold then. Today it’s not. Janet Yellen has made several talks about the dangers and risks of Bitcoin in the last several months. I think the US government is definitely setting its sights on Bitcoin.
- deleted 6y ago[deleted]