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Similar style of argument that was used for piracy back in the day. It's just copying bytes.
by kaetemi 5y ago
Similar style of argument that was used for piracy back in the day. It's just copying bytes.
- jtbayly 5y agoI thought pirates were people who violently boarded ships, killed, ransomed and/or sold those on board and stole the ship and its contents.
- kaetemi 5y agoYes, just moving items from one place to another. How dare they make that illegal.
- kjksf 5y agoExactly. Governments will successfully ban Bitcoin, just like they successfully banned piracy. Things like https://thepiratebay.org/search.php?q=category:401 https://thepiratebay.org/search.php?q=category:401 are long gone now, successfully banned.
- Joeboy 5y agoIf this is sarcasm, then I'd point out that link doesn't work here. If it isn't, I'd point out there are still numerous Pirate Bay mirrors I can access. Either way, I wish it were generally easier to discern which comments on this page are intended literally and which are sarcastic.
- missedthecue 5y agoYou can easily imagine a situation though where the government bans crypto and as a result, Bitcoin crashes irrecoverably and trades for maybe a few hundred dollars a coin at best. Think about it - all of the legitimate institutional money would have to divest, all of the loosely interested Coinbase users would sell because they don't want fines/jail, the only way to buy the coin would be with cash because your bank and credit card would report any BTC purchases to the feds... It would be a much smaller and less liquid market. Bitcoin isn't going away obviously, but that doesn't mean it's worth $50k a coin in the event it's banned.
- kaetemi 5y agoOh, yes, very successfully.