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> 1. Outlaw cryptocurrency. Now it's much harder to pay digital ransoms. I buy bitcoin from a guy down the street how are you going to stop that? I don't think

> 1. Outlaw cryptocurrency. Now it's much harder to pay digital ransoms. I buy bitcoin from a guy down the street how are you going to stop that? I don't think outlawing cryptocurrency will stop people from using it, same way outlawing alcohol and weed doesn't stop anyone just makes them "criminal" > 2. Stop confusing "identification", "authentication" and "authorization". Me having Bob's SSN doesn't mean I'm Bob. Me having Bob's credit card number doesn't mean I'm Bob either. This is childish crap that we should have resolved decades ago. This is based af identity theft shouldn't be as easy and rampant as it is.

slver 5y ago
> I buy bitcoin from a guy down the street how are you going to stop that? I don't think outlawing cryptocurrency will stop people from using it, same way outlawing alcohol and weed doesn't stop anyone just makes them "criminal" Outlawing coins won't stop people from using them. It'll however shut down: 1. All major blockchain servers. 2. All major trade exchanges. 3. All legal services like "bitcoin vaults, banks" and so on. 4. All legal mining operations. So with that, the foundation below crypto's value will collapse and it'll become basically worthless. And so you'll probably still be able to trade Bitcoin, if the blockchain exists at all. But it'll be worth zilch.
- dangerface 5y ago
  1. Piracy is outlawed doesn't stop top sites or bittorrent. 2. True, but peer to peer exchanges would just become the major exchanges. 3. There are plenty of tax havens that provide these legal services, many provide the same services for crypto. 4. Mining can be done anywhere with the final block being proxied, would make it very difficult to prevent miners. I am sure governments will try to outlaw it, I just don't think they have much of a chance of success.
  - slver 5y ago
    You can’t have a pirate blockchain. Rather, not one someone would invest serious money to buy from.
    - dangerface 5y ago
      People have argued that the only value of bitcoin was for drugs and piracy and yet it has seen serious money invested

slver 5y ago

> I buy bitcoin from a guy down the street how are you going to stop that? I don't think outlawing cryptocurrency will stop people from using it, same way outlawing alcohol and weed doesn't stop anyone just makes them "criminal" Outlawing coins won't stop people from using them. It'll however shut down: 1. All major blockchain servers. 2. All major trade exchanges. 3. All legal services like "bitcoin vaults, banks" and so on. 4. All legal mining operations. So with that, the foundation below crypto's value will collapse and it'll become basically worthless. And so you'll probably still be able to trade Bitcoin, if the blockchain exists at all. But it'll be worth zilch.

dangerface 5y ago
1. Piracy is outlawed doesn't stop top sites or bittorrent. 2. True, but peer to peer exchanges would just become the major exchanges. 3. There are plenty of tax havens that provide these legal services, many provide the same services for crypto. 4. Mining can be done anywhere with the final block being proxied, would make it very difficult to prevent miners. I am sure governments will try to outlaw it, I just don't think they have much of a chance of success.
- slver 5y ago
  You can’t have a pirate blockchain. Rather, not one someone would invest serious money to buy from.
  - dangerface 5y ago
    People have argued that the only value of bitcoin was for drugs and piracy and yet it has seen serious money invested