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> I still cannot understand how crypto advocates genuinely think governments will roll over and let cryptocurrencies take away one of the primary powers of the
by csomar 6y ago
> I still cannot understand how crypto advocates genuinely think governments will roll over and let cryptocurrencies take away one of the primary powers of the state
They'll not rollover. But it'll happen in two ways: 1. They don't understand it (never underestimate the stupidity of politicians and regulators) and thus they'll either allow it or not know how to stop it; or 2. Crypto is widespread and the government has little control over on-off ramps. It doesn't help that crypto-currencies wreak havoc on their economy stability (which further makes them unable to control the population).
- xwolfi 6y agoBut if the people decide they want none of it, they can vote for a government that will put people in jail for using crypto in the open. I mean, some voted to leave the European Union, so why not that ?
- csomar 6y agoThat would be fun trying to see that happen in a public referendum. Crypto is people-friendly or at least gives the illusion of meritocracy and equality. Otherwise, people could still trade on off-shore exchanges, and exchange secretly (drugs are still selling on the streets, aren't they?) on the streets.