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Using cryptocurrency to avoid financial oppression is only really viable when it's obscure. If a small number of people are using a crypto black market, it isn'
by ARandumGuy 5y ago
Using cryptocurrency to avoid financial oppression is only really viable when it's obscure. If a small number of people are using a crypto black market, it isn't really worth the effort for a government to try and shut it down. The more popular it becomes, the bigger the target, and the more likely it will be shut down.
An obscure cryptocurrency black market is the only one that can really exist for any length of time. However, an obscure crypto ecosystem is also one that is difficult to actually use. It doesn't matter how much Bitcoin you've hidden from the government, if you can't actually spend it on anything.
- aaaaaaaaata 5y agoIt's the cost of enforcement, both politically and financially, that decides this, not much else.