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I'm a bit behind the times with crypto, but my question was closer to this: Didn't people foresee that governments would control crypto when it interfaces with
by nicbou 4y ago
I'm a bit behind the times with crypto, but my question was closer to this:
Didn't people foresee that governments would control crypto when it interfaces with the real world? They can pressure the banks, the exchanges, and any crypto infrastructure within their borders.
The government can't stop crypto completely, but they can make it really painful to use and thus reduce its value.
Assume that I'm asking in good faith, but with imperfect knowledge.
- datadata 4y agoThey did. The primary solution to this is decentralization. The more people holding up a project, the greater effort a government must exert to stop it.
- xiphias2 4y agoOf course they did, Adam Back and many others in the OG crypto community risked going into prison for exporting cryptography algorithms on T-shirts, as they believed that end-to-end communication and privacy is a basic human right. They are still fighting for the same thing for the last 30 years, just now with peer-to-peer money. Sancioning people based on the country they were born is the antithesis of what many of us are still fighting for.