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Yes you are correct. Cryptocurrency at the moment is used for speculation, drug sales, scams, and evading financial regulation. Those are huge valuable use cas
by CPLX 5y ago
Yes you are correct. Cryptocurrency at the moment is used for speculation, drug sales, scams, and evading financial regulation.
Those are huge valuable use cases. However it doesn’t follow that we should necessarily facilitate those uses.
- noduerme 5y agoIt also doesn't follow that we should impose onerous restrictions on everything related to a technology just because some people misuse it. eg we don't require documentation of the source of footage from websites who show videos made by hobbyists who fly drones, even though 99% of global drone sales by the dollar are used by governments or terrorist groups to kill people. And we don't punish the hobbyist or the website that shows their videos, or the website that links to that. Down that road lies total information control and state terror.
- trasz 5y agoBut we do: if your business is weaponry, you’ll be pretty tightly controlled.
- hkt 5y agoI hate to break this to you, but state terror is already perpetrated by western states against their own people and the world. Those drones are a good example. Then there is Guantanamo bay, the militarisation of police, disproportionate prison sentences.. the list goes on.