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The exchanges can be regulated, but good luck trying to regulate a global peer to peer network!
by tenuousemphasis 5y ago
The exchanges can be regulated, but good luck trying to regulate a global peer to peer network!
- jonathankoren 5y agoYou just need to regulate the end points. At some point, someone needs real money instead of robux.
- NeutronStar 5y ago
- tenuousemphasis 5y agoThose are the exchanges I mentioned. But no, if it's widely enough used, it can be an entirely self contained system.
- jonathankoren 5y agoBut it’s not widely used, that’s the whole problem. Say you created a business accepting exclusively cryptocurrencies. You need to ship an item? You need “dirty fiat”. Let’s say you’re only selling NFTs or services, your hosting provider wants paid in real currency. Food? Housing? Utilities? Fiat. Fiat. Fiat. Unless it’s accepted for the entire supply chain of LIFE, you’re screwed.
- dwaite 5y agoSeems like a mix of port blocks and criminal penalties, while not killing cryptocurrency, would greatly hinder its overall utility and thus any associated fiscal value.
- pid-1 5y agoLook at bittorrent. While it's impossible to kill it, targeting agregation platforms definitely made the protocol immensely less relevant than it was 20 years ago.
- codebje 5y agoBitTorrent made itself less relevant by relying on end to end networking and symmetrical links, neither of which panned out.
- Osiris 5y agoSuch as? The Pirate Bay still exists as do thousands of other websites listing torrents. BitTorrent traffic went down as streaming services increased.