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Cryptocurrency might not be seizable, but it's also not spendable if the gov says so. Just try bartering for something with cocaine to see what I mean.
by hjfigkfkrkr 6y ago
Cryptocurrency might not be seizable, but it's also not spendable if the gov says so.
Just try bartering for something with cocaine to see what I mean.
- seandoe 6y agoI know what you're saying, but that's not a great example. In the right crowd, cocaine is very fungible. So to your point, if gov makes crypto illegal will it still be difficult to use in black markets? Idk
- hjfigkfkrkr 6y agoCan you buy a house with cocaine? A car? Stuff from amazon? What if the person you sell cocaine to for dollars to spend on Amazon reports you? What if you get an IRS audit, how do you justify the funds used to buy the house? Yes, you'll be able to use crypto on black markets, but that is hardly covering all your needs.
- logicchains 6y ago>Can you buy a house with cocaine? A car? Stuff from amazon? A drug dealer certainly could.
- kaliali 6y agoIt is already legal to buy a house with Bitcoin and there are several on the market sold with Bitcoin. Unless you're snorting some right now, I'm not sure what cocaine has to do with it.
- kaliali 6y agoGovernment can't stop people from spending money and moving somewhere they can use cryptocurrency.