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Because they were forced to for sure, this is a state-level attack on bitcoin, this will hurt now but will speed up decentralized exchanges
by victor22 4y ago
Because they were forced to for sure, this is a state-level attack on bitcoin, this will hurt now but will speed up decentralized exchanges
- denton-scratch 4y ago> they were forced to for sure So why not explain the reason? Have people been threatened? (That might explain the lack of explanation) Have they been warned that traders are bypassing KYC, or not doing it properly? (But why not say that) These are person-to-person trades; the website is effectively just an introduction agency. I don't see what angle a "state-level attack" could use, other than bullying. I don't use LocalBitcoins, I rely on LocalMonero. Can I expect this to happen to LM too?
- seanw444 4y agoMost likely. I wouldn't count on it not happening. Governments don't like currencies they can't control in entirety. They're fine with crypto, as long as they're the ones minting it. And if it's backdoored. So essentially only if it's pointless. Using crypto effectively is a crime, and they will only crack down harder as the years go by.