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> Cryptocurrency is a cancerous scam that needs to die. But I want to give them same due process rights as any other activity. This doesn't make sense. You wa

> Cryptocurrency is a cancerous scam that needs to die. But I want to give them same due process rights as any other activity. This doesn't make sense. You want it to die, which is done via LAWS. Yet you complain about the laws passed by the Chinese government to kill it? https://fortune.com/2022/01/04/crypto-banned-china-other-countries/ https://fortune.com/2022/01/04/crypto-banned-china-other-cou... China isn't alone in banning it, and the US COULD ban it as well (similar to how gold was banned in the past). They not only choose not to, but it is rapidly becoming "financialized" - Trading on the CME, and the major players on wall street looking to get into the game and collect their "rent".

justapassenger 4y ago
There’s a big difference in passing laws by authoritarian government vs laws passed by democratic government. Try protesting and legally challenging laws in both cases as infringing on your rights.
- kennend3 4y ago
  i think you forgot to add "communist" in your response. Normally people like to write "authoritarian communist government" to make it sound really bad. So like the people of China want crypto banned, and the government does it and this is BAD. whereas the rest of the world adds fuel to this ponzi scheme and this is good? Tell us, when the US outlawed ownership of gold under executive order 6102 was this "authoritarian" because it is unclear that the people voted on it or asked for it?
  - effie 4y ago
    You're mocking him, but he was accurate - it is authoritative government, even more so than in the West. I'd say expropriation of gold was authoritarian, i.e. undemocratic, because it was done by president, not Congress. US, with its strong president, is not a perfect democracy, powerful groups/president can do things that demos does not want. That's not claiming it was a bad decision or policy. There were probably good reasons for that step, and it may have helped the country.

justapassenger 4y ago

There’s a big difference in passing laws by authoritarian government vs laws passed by democratic government. Try protesting and legally challenging laws in both cases as infringing on your rights.

kennend3 4y ago
i think you forgot to add "communist" in your response. Normally people like to write "authoritarian communist government" to make it sound really bad. So like the people of China want crypto banned, and the government does it and this is BAD. whereas the rest of the world adds fuel to this ponzi scheme and this is good? Tell us, when the US outlawed ownership of gold under executive order 6102 was this "authoritarian" because it is unclear that the people voted on it or asked for it?
- effie 4y ago
  You're mocking him, but he was accurate - it is authoritative government, even more so than in the West. I'd say expropriation of gold was authoritarian, i.e. undemocratic, because it was done by president, not Congress. US, with its strong president, is not a perfect democracy, powerful groups/president can do things that demos does not want. That's not claiming it was a bad decision or policy. There were probably good reasons for that step, and it may have helped the country.