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You don't need to ban a protocol. You're free to play around with protocols all day, nobody cares. What is absolutely crucial is to cut the link between that p
by user-the-name 5y ago
You don't need to ban a protocol. You're free to play around with protocols all day, nobody cares.
What is absolutely crucial is to cut the link between that protocol and the financial system. And that is very, very simple. There are a few very centralised points where that happens, and those have to follow laws.
They are starting to get cut off already, and these kinds of catastrophes are going to drive the effort to make that happen even quicker.
- dogman144 5y agoAre you familiar with DeFi/Dexs. Short of banning and tracking networking and compute at a fairly unheard of scale short of child exploitation, it’s significantly more complex than banning Coinbase. Your suggestion, going back to the HTTP simile, is like saying banning Google bans HTTP, banning Pirate Bay will ban torrenting.
- user-the-name 5y agoVery. Absolutely all of it is built on top of a few financial gateways, that are going to be closed.