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"The laws of mathematics are very commendable, but the only law that applies in Australia is the law of Australia." --Malcolm Turnbull, Australia Prime Minister
by Jach 5y ago
"The laws of mathematics are very commendable, but the only law that applies in Australia is the law of Australia."
--Malcolm Turnbull, Australia Prime Minister (2015-2018)
There are some people who see attitudes like that in the government and think how can [things backed by math] survive a coordinated government onslaught that'll happen any year now? And then those that just look at such statements as the unlettered nonsense they are. Bitcoin lets you "be your own bank", independent of any KYC laws that may or may not apply to other banks in your jurisdiction.
- TomSwirly 5y agoAnd if no one else accepts my bank? If selling things to US citizens for cryptocurrency is criminal, and enforced?
- Jach 5y agoThey're not obligated to, just as I'm not obligated to accept a check from your bank and can demand cash or some other form of payment. Your question is like asking what if no one wants to talk to me with PGP or some other secure message protocol. What if selling things to US citizens via any means is criminal, and enforced?
- BoxOfRain 5y agoI definitely think a huge part of the business of government generally is enforcing society's suspension of disbelief, it's a lot cheaper to merely convince everyone that you're all-powerful and resistance is futile than to actually become all-powerful.