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Luckily you can’t outlaw math!
by monero-xmr 3y ago
Luckily you can’t outlaw math!
- quenix 3y agoYeah but you can outlaw specific uses of it. Not saying I agree with it but crypto can definitely be made illegal.
- aaomidi 3y agoGetting rid of exchanges would absolutely destroy the value of crypto.
- latchkey 3y agoShould we also ban private communication too? To be clear, we don't get to choose which parts of math we ban and which parts we don't.
- phowat 3y agoWe most certainly do get to choose if we want to. Why not ?
- latchkey 3y agoBecause it doesn't work out like you think it would. Those of us who have been on the internet a long time remember pre-1999 days. Banning or preventing people from using math only empowers other countries that develop it on their own. https://www.csis.org/analysis/end-export-controls https://www.csis.org/analysis/end-export-controls
- suoduandao3 3y agoI'm sure the anti-crypto crowd would like nothing better.
- Patrol8394 3y agoYes, but in majority of cases you still need some legal entity that can convert crypto to fiat so you can actually buy stuff with real money. Would be enough to forbid that and crypto is pretty much done.
- npoc 3y agoYou called fiat "real money"? That's where you're wrong.
- burnte 3y agoYou're right, it's ALL fiat money. All money that has ever existed was fiat money, from shells and dollars to bitcoins and xbox points. IF it doesn't have INHERENT value as food, fuel, etc, then it's a fiat currency, it has value because we declare it to be so. Cryptocoins are the ultimate fiat because they don't even really exist.
- npoc 3y agoNo fiat means by decree. Its used to differentiate money that takes equal or more work to create/issue (e.g. gold), from money whose issuance is controlled by the central banks who can create it out of thin air with little to no work.
- _lvbh 3y ago> it's ALL fiat money > IF it doesn't have INHERENT value as food, fuel, etc, then it's a fiat currency I’m pretty sure there are still gold or oil backed currencies around
- burnte 3y agoGold and silver back currencies are also fiat, because we value the gold and silver, not because gold will feed your kids or grow your crops.
- 3y ago
- phoe-krk 3y agoYou can outlaw exchanging math for dollars, though.
- jjtheblunt 3y agoi've read countless things you've commented, usually our interests diverge, but this one made me silently think "exactly!". well done!