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I don't think so at all. Crypto is an economy run by whoever can build the most computers and that is China. Unregulated crypto is a giant bubble that damages
by LegitShady 6y ago
I don't think so at all. Crypto is an economy run by whoever can build the most computers and that is China.
Unregulated crypto is a giant bubble that damages countries abilities to regulate their own economy.
Crypto isn't required for peer to peer electronic payments. That's not an argument for crypto it's an argument for e-transfer.
- lupire 6y agoNot all governments are trusted stewards. Some (like Turkeyst Erdogan) are warlord tyrants.
- LegitShady 6y agoIt doesn't change how the world works in regards to crypto. I don't like my government does that give me the legal right to do financial crimes? Will my righteousness help me in court?
- Zamicol 6y agoHow can you send payment over the internet without cryptography? Also, PoW != Cryptocurrency.
- LegitShady 6y agoThey didn't ban cryptography they banned cryptocurrencies
- _trampeltier 6y agoIn todays world countrys can't just regulate there own economy. That time us gone. Already before Corona every country printet a lot of money. Now every counrty prints money really like nuts.
- LegitShady 6y agoI think this is a naive take. Crypto currency is a token of exchange. Of course it can be regulated just like everything else. All you need to do is make examples of people who get caught.