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I'm really curious as to Who is upvoting this take. Making something illegal won't stop it from happening. Just because tech can be used for bad purposes does
by isaacremuant 6y ago
I'm really curious as to Who is upvoting this take.
Making something illegal won't stop it from happening. Just because tech can be used for bad purposes doesn't mean you have to or will have any effectiveness in banning it. See encryption.
It's such a lazy take, ignores the freedom aspect and goes for convenience and feels like a concern troll, honestly.
- gpanders 6y agoI think the upvotes are more in the spirit of "I share your frustration and negative outlook of crypto in general" rather than an endorsement of the specific policy suggestion.
- 101011 6y agoWhile I agree that making something illegal won't stop it from happening - in this case, banning a currency drastically curtails the functionality of it. That reduces the value of it, which in turn would reduce demand and supply.
- Nursie 6y ago"Making something illegal won't stop it from happening" But in the case of cryptocurrency, putting impediments in the way of exchanging it back and forwards with 'fiat' would significantly impact its appeal and demand. Could they stop it entirely? Probably not. Would it stop most people who only care about the easy profit potential and don't care about the idealogy? Probably.