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> Needless to say that its also technically impossible to ban crypto. No one wants to ban crypto. The goal is to ban financial institutions that handle fiat fr
by pyrale 5y ago
> Needless to say that its also technically impossible to ban crypto.
No one wants to ban crypto. The goal is to ban financial institutions that handle fiat from trading with institutions that handle crypto.
From there, if people want to accept funny money as payment for pizzas, it's up to them really.
- MillenialMan 5y agoDrugs are the thing people have a strong incentive to accept crypto for, not pizzas. All black markets have an incentive to use it - including state actors (e.g. weapons deals). Getting caught laundering Monero is preferable to getting caught selling missiles to the Saudis.
- noxer 5y agoYou misses the point. There is no reason to ban anything. You can also buy Pokemon cards and sell or trade them. Call them funny money cards if you want, but there is no legitimate reason why people should not be able to buy/sell them. Also plenty places have already put cryptos in the laws declared them as alternative currency so they cant really prevent financial institution form handling it. If they really would globally cut crypto form fiat. You wouldn't need to pay taxes with anything you do with crypt anymore since its just "funny money" this would boost crypto and devalue fiat and cause all kind of horrible side effects. You have in incentive to get paid in funny money if you dont have to tax it.