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Nearly impossible to fully enforce via tech - there are many ways around a tech ban. Decentralized exchanges, TOR, VPNs, etc. can get a round a tech ban. A pol
by game_the0ry 5y ago
Nearly impossible to fully enforce via tech - there are many ways around a tech ban. Decentralized exchanges, TOR, VPNs, etc. can get a round a tech ban.
A policy ban is also an implicit admission that the government's position on money and finance is weak - if the US bans bitcoin, that implies that the dollar can't compete against bitcoin on its own merit, without the enforcement of violence.
- JumpCrisscross 5y ago> policy ban is also an implicit admission that the government's position on money and finance is weak Every country with capital controls already does this. Most of them (e.g. Egypt, Iraq, Bangladesh and China) hand banned or heavily restricted (e.g. India) crypto. The same way they restrict hard currencies. America has an open capital account, so the threat is less present.