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Are you familiar with “Buried Treasure”? https://www.coindesk.com/russias-darknet-criminals-have-a-novel-crypto-cash-out-system-buried-treasure https://www.coi

by dsyrk 5y ago

Are 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 5y 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.