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Mostly agree. It's funny that HN of all places doesn't seem to get this. I wouldn't go as far as to say that crypto wants to be illegal - more that it's indiff
by throwaway22032 3y ago
Mostly agree. It's funny that HN of all places doesn't seem to get this.
I wouldn't go as far as to say that crypto wants to be illegal - more that it's indifferent.
The entire point of something like Bitcoin is that it works regardless of legislation.
In the existing world, a law could be passed to prevent a person from giving their neighbour a $10 bill, but they can still physically do it, and will do.
That's exactly the problem that systems like Bitcoin attempt to solve - censorship free transfers, which are becoming harder and harder to do via normal banking.
Centralized exchanges are normal banking. They are subject to all of the same constraints. The only people that care about them existing are grifters.
- anovikov 3y agoWell, crypto being illegal means not being subject to regulation, which increases demand for it because it fulfils it's purpose better. Thus crypto world wins.
- throwaway22032 3y agoIt's not subject to regulation regardless. It might become illegal as a side effect, you're getting the directionality mixed up.