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In this case it's about consistency. If marijuana is illegal then alcohol should be illegal too. If cryptocurrency is illegal than socially harmful property spe
by api 6y ago
In this case it's about consistency. If marijuana is illegal then alcohol should be illegal too. If cryptocurrency is illegal than socially harmful property speculation, shorting stocks and then trashing companies in the press, casinos, state lotteries, and so on should also be illegal.
Inconsistency in these kinds of areas just makes a mockery of the legal system and encourages corruption.
There are tons and tons of other problems with this proposal I didn't get into, such as how cryptocurrency is defined. Are we going to start making data structures like linked lists of cryptographic hashes illegal? In-game virtual currencies? Amusement park tokens tracked in a database? Any law would be either overly broad or trivially circumventable.
- louwrentius 6y agoWhat you may point out is hypocrisy. That hypocrisy still doesn't change anything about cryptocurrencies themselves. Real or perceived hypocrisy doesn't absolve cryptocurrencies in any way. What they are and what they have to account for has to stand on itself, on its own. Two wrongs don't make a right. You also seem to be a bit disingenuous: cryptographic hashes don't boil the ocean. Amusement park tokens idem. They aren't used for ransomware. So this attempt at some kind of slippery slope argument isn't really working, if you would ask me. When money is at stake, logic and reason is the first to fly out of the window. Whatever necessary to make the grift going will be said.