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The US government can compel nearly every financial institution in the world to stop trading crypto coins for fiat, overnight, as an executive action. Yes cryp
by generj 5y ago
The US government can compel nearly every financial institution in the world to stop trading crypto coins for fiat, overnight, as an executive action.
Yes crypto is theoretically decentralized, but in practical terms it is remarkably centralized - very similar to the Internet’s supposed decentralization.
There would be a limited black market but the value of crypto coins would fall to nearly zero. Certainly crypto would be much less attractive as a means of transferring illicit money.
- JohnJamesRambo 5y agohttps://en.wikipedia.org/wiki/Streisand_effect https://en.wikipedia.org/wiki/Streisand_effect Humans want what they cannot have and the government saying you can't have crypto would be the ultimate sign you need crypto. See India and China "bans" on crypto.