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I don't oppose it on an emotional level, but there's not a single meaningful framework I can imagine that would "ban all of crypto" as-worded. You could go a lo
by smoldesu 3y ago
I don't oppose it on an emotional level, but there's not a single meaningful framework I can imagine that would "ban all of crypto" as-worded. You could go a long ways combating fraud by starting with credit card providers, but that has zero effect on the networks themselves. People can (will, and do) trade in cash, and the blockchain will usually operate unimpeded. Regulation on exchanges is the tip of the iceberg if you honestly intend to kill cryptocurrency in the West. I say all of this as someone who delights in the collapse of trashy decentralized money machines, but also as a pragmatist.
- aurareturn 3y agoNo, I'm saying ban all crypto in its current form. Start regulating exchanges. Make all crypto coins who wish to be listed securities. If you want to sell your tokens and have them circulate like equities, fine. Just follow securities rules.
- junofan 3y agoPoor people take cash to Bitcoin ATMs at gas stations and receive an asset that the bank can’t touch. It’s no wonder banks want to ban it. Why do you want to ban it?
- aurareturn 3y agoLast thing poor people need is to get into crypto. Crypto feeds on the poor.