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Bitcoin is just math. The US isn't going to be able make holding bitcoin illegal, and I very much doubt it will ever be able to make the buying and selling of i
by rsj_hn 5y ago
Bitcoin is just math. The US isn't going to be able make holding bitcoin illegal, and I very much doubt it will ever be able to make the buying and selling of it illegal -- there are even free speech issues here. But what it can do is tax the hell out of it, regulate the exchanges as investment platforms, but they will have a hard time trying to make it illegal to pay someone to sign a cryptographic hash.
- hocuspocus 5y agoThe US very much decides who, where, and what can be bought or sold in USD. Worldwide.
- rawtxapp 5y agoSo if I give 10$ cash to buy something, the US government is right above my right shoulder approving that transaction? You realize that doesn't make any sense right.
- chitowneats 5y agoThis is the only scenario in which you will be able to exchange BTC for $. Literally in person. If you don't see how this mean the price will crash, I don't know what to tell you.
- rsj_hn 5y agoThat is a blanket statement that doesn't bear up to scrutiny as you are confusing things like international transactions with national transactions, regulations by states versus by the federal government, and completely ignoring all the constitutional restrictions we have. It's like someone talking about freedom of contract and you counter with trade sanctions against North Korea. How does one respond to such high level dismissals so removed from the specific legal issues at play here?