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If you can't exchange your crypto currency against fiat it will become worthless.
by Tepix 5y ago
If you can't exchange your crypto currency against fiat it will become worthless.
- akomtu 5y agoI have a bridge to sell you. I mean, a big chunk of the market transactions are favors and unwritten agreements. Someone helps to close an important deal and gets some bitcoins later on an off the books wallet.
- lottin 5y agoExactly right. Money that can't be spent is worthless and without exchanges that's exactly what cryptocurrencies would become.
- dangerface 5y agoI can exchange it with the guy down the street like I currently do, how are you going to stop this? LOL
- Tepix 5y agoThat sounds rather combersome. What is the guy down the street going to do with it?
- dangerface 5y agoSame thing any one does with money. The point is that bitcoin exited before there where institutions built around it, you can ban those institutions you can ban coal power plants you can ban whatever you want people will still continue to use it the way they currently do. Mine bitcoin on renewable energy not connected to the grid and transact with each other not large institutions, if you want to ban bitcoin you need to prevent the core value of bitcoin not just show off your fud.
- Tepix 5y ago> Same thing any one does with money. Let's see.. i earn my wage with money. I pay my taxes with money. I pay everything with money. I can pay almost nothing with bitcoin and it's getting worse. > people will still continue to use it [bitcoin] the way they currently do They are using it for speculation and for ransomware. Seems like both of these uses will be hindered by outlawing all official exchanges.