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You're saying that the use case for cryptocurrencies is crime, which I agree with, and the world's police won't touch you because they can't, which I think is r

You're saying that the use case for cryptocurrencies is crime, which I agree with, and the world's police won't touch you because they can't, which I think is ridiculous. If the EU and the US alone said, "In a month, we'll consider every crypto transaction to be criminal in nature, and we're going to enforce it," the market would collapse as everyone stampeded for the door at the same time.

sneak 5y ago
> If the EU and the US alone said, "In a month, we'll consider every crypto transaction to be criminal in nature, and we're going to enforce it," the market would collapse as everyone stampeded for the door at the same time. True. And yet, cryptocurrencies would still remain useful! A market collapse is not the same as it not having utility. Bitcoin was useful even when it was only pennies, and it will remain so. This thread is about whether or not cryptocurrencies are useful. They are. Could governments crash their markets? Yes. Could they stop people from using them? No.
- logifail 5y ago
  >> If the EU and the US alone said, "In a month, we'll consider every crypto transaction to be criminal in nature, and we're going to enforce it," the market would collapse > True. And yet, cryptocurrencies would still remain useful! A market collapse is not the same as it not having utility. (Genuine) Q: How many market participants are interested in "the utility" vs the (potential for) "getting rich"?