3 ms·
> The same way we ban heroine. Or murder Our attempt to ban heroin (war on drugs) has been a massive failure[1] only replaced/made worse by prescription opioid
by shlant 5y ago
> The same way we ban heroine. Or murder
Our attempt to ban heroin (war on drugs) has been a massive failure[1] only replaced/made worse by prescription opioids[2]. Not a good example.
Murder is not something that really needs "banning" to stop the vast majority of people from committing it. The amount of people willing to use crypto is not comparable to the amount of people willing to murder (illegal or not). Not a good example.
If you want a semi-comparable example, take the attempt to make torrenting/pirating illegal. Look how that turned out.
> We just make trading cryptocurrencies illegal and prosecute people who are found doing it
Good luck with that. No other country has made much of an impact and it would require an enormous amount of resources to persecute ordinary people.
> no sane company would touch it with a ten-foot pole
> if the victims don't have a legal way of exchanging legal tender for bitcoin
There will always be another country willing to host exchanges. VPN's exist. You will never get all governments to ban crypto. Again, you are just listing ideas that have been tried and failed.
> but also illegal usage.
You think making crypto illegal... would stop people already using it for illegal reasons? They would be ok with one illegal act, but not another less valid one?
1. https://www.samhsa.gov/data//sites/default/files/report_1943/images/image_file_213_BlockImageOne_1509868857.png https://www.samhsa.gov/data//sites/default/files/report_1943...
2. https://www.drugabuse.gov/publications/research-reports/prescription-opioids-heroin/prescription-opioid-use-risk-factor-heroin-use https://www.drugabuse.gov/publications/research-reports/pres...
- majewsky 5y ago> take the attempt to make torrenting/pirating illegal. Look how that turned out. 95+% of people don't use torrenting/pirating. That worked out fine. Not great, but it's not the total failure you make it out to be. > You think making crypto illegal... would stop people already using it for illegal reasons? No, but it would add more friction if you did not have a choice of legal exchanges.
- shlant 5y ago> 95+% of people don't use torrenting/pirating. That worked out fine. Not great, but it's not the total failure you make it out to be. Have any data to back that up? I do: "More than a third of music consumers still pirate music." "In 2016, 57 million Americans were still pirating music in one form or another." "Illegally uploading or downloading copyrighted materials takes up nearly 24% of the bandwidth used in North America, Europe, and the Asia-Pacific" "57% of computer uses in the Asia Pacific and Central/Eastern Europe regions confess to having pirated software at least once." https://dataprot.net/statistics/piracy-statistics/ https://dataprot.net/statistics/piracy-statistics/ > No, but it would add more friction if you did not have a choice of legal exchanges "legal" in this sense means very little 1. because they are already doing something illegal so why would they care what interface they use? and 2. Making a site "illegal" in one country is very easy to get around - or else would you have to essentially advocate for a Great Firewall (which is still pretty easily circumvented)