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> "We should shut down the cryptocurrencies." You can't "shutdown" crypto currencies. Technically not possible. Anyone who believes otherwise does not understa
by game_the0ry 4y ago
> "We should shut down the cryptocurrencies."
You can't "shutdown" crypto currencies. Technically not possible. Anyone who believes otherwise does not understand crypto currencies.
- ProjectArcturis 4y agoEh, if you made it illegal for banks to transact with crypto exchanges, you could make it a lot less useful.
- 0xcde4c3db 4y agoOr even just apply the regulations transitively to banks, exchanges, and money transmitters (i.e. they can only transact with their crypto equivalents that follow the same regulations).
- game_the0ry 4y agoOperative word being if.
- EveYoung 4y agoMaybe not technically but if the US or EU would ban any business activities related to crypto currencies, the entire ecosystem would collapse. Even if they continue to exist for black market purposes, their real-world usefulness would decline substantially.
- game_the0ry 4y ago> Maybe not technically but if the US or EU would ban any business activities related to crypto currencies, the entire ecosystem would collapse. You won't be able to track people who have and use crypto if the people who use it do it correctly. > Even if they continue to exist for black market purposes, their real-world usefulness would decline substantially. I'll agree with you there, but I do not believe most governments will legislate a full ban.
- faangiq 4y agoGood luck when USG helicopter raids you.
- game_the0ry 4y agoIf done correctly, the government won't be able to link your identity with your crypto. So who is that USG helicopter raiding if they do not know who has the crypto?