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Why not? What's to prevent e.g. the U.S. Government from outlawing the use of exchanges, and/or outlawing the payment of cryptocurrency ransoms, just as it for
by sk5t 5y ago
Why not? What's to prevent e.g. the U.S. Government from outlawing the use of exchanges, and/or outlawing the payment of cryptocurrency ransoms, just as it forbids globally the payment of bribes?
- deleted 5y ago[deleted]
- mythrwy 5y agoNothing. Also nothing prevents the US government from outlawing drugs. Likely with the same effectiveness. BTW are most of these hackers transferring to fiat through U.S. exchanges? I can't imagine that's the case but maybe it is.
- iamacyborg 5y agoIt’s not about stopping the hackers from accessing the exchange, it’s about preventing businesses from being able to pay ransoms.
- doopy1 5y agoThey can still send wire transfers.
- sk5t 5y agoI tend to believe that any laws requiring that corporations not transact using cryptocurrencies, period, would have extremely broad effect, much more so than attempts to stamp out the (surprisingly inelastic) demand by individuals for substances. Just imagine all of the perpetual accounting fraud and ongoing OpSec that would be necessary to cover up its use at the corporate level! Drugs (and yes, earlier, alcohol) present kind of an unique situation with respect to noncompliance with the law; not sure I can see the case for suggesting the government is destined to fail in enforcing the prohibition of anything whatsoever.