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They would regulate the on and off ramps, obviously. What use is there for cryptocurrency that can’t be converted into USD? Some, currently, but I would bet tha
by jolux 6y ago
They would regulate the on and off ramps, obviously. What use is there for cryptocurrency that can’t be converted into USD? Some, currently, but I would bet that killing the off ramps would severely damage the viability of crypto.
- dsyrk 6y agoAre you familiar with “Buried Treasure”? https://www.coindesk.com/russias-darknet-criminals-have-a-novel-crypto-cash-out-system-buried-treasure https://www.coindesk.com/russias-darknet-criminals-have-a-no... It will be impossible to regulate on and off globally. Yes banning mainstream access will drop demand and access to crypto currencies temporarily but long run the government currencies are in a losing battle. Improved scaling solutions, micropayments, and privacy upgrades are all coming soon. Bitcoin already processes more reliably and with greater transactions than Fedwire.
- jolux 6y ago>It will be impossible to regulate on and off globally. See, you seem to think what is required is a 100% shut off. If the US government could kill 70% of access within its borders tomorrow, the technology would not have a bright future. >Bitcoin already processes more reliably and with greater transactions than Fedwire. I have no idea what this is supposed to mean seeing as it has no empirical content, but it's beside the point. You can't do shit with Bitcoin. USD is the reserve currency of the world. That's what matters right now, not what you consider to be technologically superior.