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You can't just stop people from using cryptography and distributed ledgers. Unless of course you want to start building gulags to throw mathematicians in.
by kjaftaedi 5y ago
You can't just stop people from using cryptography and distributed ledgers.
Unless of course you want to start building gulags to throw mathematicians in.
- axiosgunnar 5y agoObvious strawman. Nobody wants to ban computers doing calculations. Just ban the exchanges: Revoke licenses for domestic exchanges, and remove foreign exchanges from the SWIFT network. The government regulates far bigger things on a daily basis. You will still be able to „do mathematics“ after the ban, so all is well, since it's totally not about speculating, right? ;-)
- kjaftaedi 5y agoI'll be honest, I did not consider this method. I do agree with you that it would be effective.. but likely only for a year or two. I mean even before cryptocurrency there was E-Gold. Shutting down E-Gold just shifted the problem rather than solving it. Attacking bitcoin specifically as an environmental problem is a valid thought, but there are lots of cryptocurrencies that require no energy so the original problem still persists. Life finds a way.