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Sure, there are substantive differences between Crypto and Cannabis, the point I was trying to make is that Bitcoin is beyond the tipping point. The point that
by dougSF70 5y ago
Sure, there are substantive differences between Crypto and Cannabis, the point I was trying to make is that Bitcoin is beyond the tipping point. The point that makes sense to bring it into the fold. Secondly, if the USA is seen to be focussed on legitimizing crypto then this would be a signal to NK / RU hacking groups that US Government Agencies are taking an active interest and including it in their daily operational scope. Given the tentacles of US enforcement, this could help limit use of BTC (not all crypto) for illicit purposes.
- PragmaticPulp 5y ago> the point I was trying to make is that Bitcoin is beyond the tipping point It’s no longer about Bitcoin. It’s about alternative asset classes. I think the new ventures in the crypto space have realized that BTC is old news and that the real money is in creating endless new crypto assets and ventures.
- dougSF70 5y agoI guess that is the worry of any government: money that could fuel the economy gets spirited away into dubious Crypto ventures - e.g. Dogecoin. BTC might be old news but it isn't a deliberate scam.
- jazzyjackson 5y agoThankfully no one has yet invented a crypto where you receive coins by proving you destroyed physical currency - USD spent on a crypto scam is still circulated through the economy. If anything, according to the greater fool theory, crypto transfers USD from the more gullible to the more manipulative, just as god intended.
- deleted 5y ago[deleted]
- slowmovintarget 5y agoWasn't Dogecoin originally intended as a joke, not a scam?
- dougSF70 5y agoYes, I realized that once I submitted the comment it could be interpreted that I was suggesting Dogecoin is a scam when actually I just think it is dubious.