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There are some good reasons for banning cryptocurrencies. "Speculative nature" certainly isn't a good reason.
by bayesian_horse 6y ago
There are some good reasons for banning cryptocurrencies. "Speculative nature" certainly isn't a good reason.
- tome 6y agoReally? The SEC bans all sorts of securities issuances for exactly that reason.
- bayesian_horse 6y agoBitcoins isn't a security issuance. Just like the SEC can't regulate the trade on a lot of speculative investment goods like collectible items. The SEC can't regulate Bitcoin out of existence. A government can make using Bitcoin for payment purposes, even mining, to some extent, illegal. That wouldn't extinguish any cryptocurrency, but it could squeeze them to a fraction of their former value or relevance.