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The computations are ok, but exchange with, well, non-crypto currency could be prohibited. Crypto would lose its worth of you can't convert it to dollars in a f
by GreenWatermelon 5y ago
The computations are ok, but exchange with, well, non-crypto currency could be prohibited. Crypto would lose its worth of you can't convert it to dollars in a feasible way. Much of the market is driven by speculative investment and get-rich-quick type of schemes.
Of course, criminal organizations could still use it, but I believe it would be harder to launder money using crypto if banks no longer supported it.
- jeroenhd 5y agoI think a ban on buying and selling crypto might just be good for the cryptocoin ecosystem. The whole idea of cryptocurrency idealists is that it replaces cash transactions, so if there is any value in the system besides pure speculation, the crypto coins should still work as advertised. Services can still accept the coin and goods can be sold for the coin, but you can't launder money through crypto networks anymore. It's crazy how banks are willing to scrutinise anything related to sex work to an extreme extent yet seem perfectly willing to support the latest weekly pump and dump by letting people exchange money for cryptocurrency at random exchanges.