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This is a very poorly written blog and I believe it is only being upvoted because the title appeals to the HN crypto-hate set. That said, his whole premise is
by seibelj 5y ago
This is a very poorly written blog and I believe it is only being upvoted because the title appeals to the HN crypto-hate set.
That said, his whole premise is flawed because the independent judiciary in the US is strong and tens of millions of US citizens own crypto. A total ban IMO would be unconstitutional although certainly the relationship with the banking system could be constrained. There is political force and legal force helping keep crypto allowed in the US. We saw the power of the crypto lobby during the infra bill.
- liuliu 5y ago> There is political force and legal force helping keep crypto allowed in the US. We saw the power of the crypto lobby during the infra bill. That's the point I am trying to make in this essay: > Now, there is no willingness to regulate as long as the market is high and people make money. If the point is not clear, I guess that's why it is poorly-written :)