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A stronger version of the opposing argument: Cash and banks are easier for the government to control than crypto That is all that there is to the argument! M
by savingsPossible 4y ago
A stronger version of the opposing argument:
Cash and banks are easier for the government to control than crypto
That is all that there is to the argument!
Maybe the difference won't be significant, but I see no reason to think (nor to think the opposite) as of now. Do you have one?
- XorNot 4y agoThat's making a specific argument (which you are doing without supporting it in anyway). I am saying you don't get to hedge your argument like this: crypto cannot be both an important part of evading government censure, and too small to be worth government effort to censure. If someone wants to make the middle ground argument, make it, but you're starting from the position of government already engaging in significant regulatory interest in the use of cryptocurrencies.
- twelve40 4y agopretty sure that's false at least for cash. as for hypothetical crypto underground economy, nobody has really explained how exactly you are supposed to convert those liberating coins into physical goods (that makes all retail illegal?). Which makes it not an argument but a very fuzzy dream.
- savingsPossible 4y agoIt is harder for the government to know who is spending cash, but easier for the government to devalue cash