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And this is the idea behind crypto in a nutshell: "Some governments have been financially irresponsible in the past, so we need a tool to allow us to bypass all

And this is the idea behind crypto in a nutshell: "Some governments have been financially irresponsible in the past, so we need a tool to allow us to bypass all government regulations." However, the rest of us have a name for "bypassing government regulations" - we call it "crime". > What if it were possible to have consumer protection regulation and also remove some of the nasty side effects of government and institutional preference in monetary policy? "Crime, with extra steps".

lostmsu 4y ago
> However, the rest of us have a name for "bypassing government regulations" - we call it "crime". Yeah, like hiding Jews during Holocaust was a capital offense. Pretty dumb argument.
- danaris 4y ago
  Congratulations! You have managed to both post the same argument they just refuted ("some governments in the past were bad, therefore we need to be able to avoid all governments forever"), and invoke Godwin's Law at the same time! Pretty impressive, I'd say.
  - lostmsu 4y ago
    > the same argument they just refuted They didn't refute the argument. They treated "crime" and "wrong" as an implication, and my Godwin invocation fits well to show it is absurd.
hailwren 4y ago
> However, the rest of us have a name for "bypassing government regulations" - we call it "crime". I don’t think that’s what we call crime. Isn’t crime the direct violation of government regulations? By your argument, the use of _any_ currency other than your own government’s would be a crime. Or, is the use of every currency a crime in every other country? When I exchange Euros for JPY in the US, have I committed a crime? As far as I’m aware, there are no laws against the use of cryptocurrency. There are plenty of laws against things like securities fraud and fraud in general, and those are all generally well and good. > Some governments have been financially irresponsible in the past, so we need a tool to allow us to bypass all government regulations I think you should probably gain a clearer understanding of how the currency markets have been behaving over the last year. Many currencies have lost >30% of their value against the USD (which might not matter so much if the USD were the same status as the others).

lostmsu 4y ago

> However, the rest of us have a name for "bypassing government regulations" - we call it "crime". Yeah, like hiding Jews during Holocaust was a capital offense. Pretty dumb argument.

danaris 4y ago
Congratulations! You have managed to both post the same argument they just refuted ("some governments in the past were bad, therefore we need to be able to avoid all governments forever"), and invoke Godwin's Law at the same time! Pretty impressive, I'd say.
- lostmsu 4y ago
  > the same argument they just refuted They didn't refute the argument. They treated "crime" and "wrong" as an implication, and my Godwin invocation fits well to show it is absurd.

hailwren 4y ago

> However, the rest of us have a name for "bypassing government regulations" - we call it "crime". I don’t think that’s what we call crime. Isn’t crime the direct violation of government regulations? By your argument, the use of _any_ currency other than your own government’s would be a crime. Or, is the use of every currency a crime in every other country? When I exchange Euros for JPY in the US, have I committed a crime? As far as I’m aware, there are no laws against the use of cryptocurrency. There are plenty of laws against things like securities fraud and fraud in general, and those are all generally well and good. > Some governments have been financially irresponsible in the past, so we need a tool to allow us to bypass all government regulations I think you should probably gain a clearer understanding of how the currency markets have been behaving over the last year. Many currencies have lost >30% of their value against the USD (which might not matter so much if the USD were the same status as the others).