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The use is and always has been an extremely unregulated marketplace to exchange value. (Whatever value means is up to the buyer) I think the entire idea behind
by dartos 2y ago
The use is and always has been an extremely unregulated marketplace to exchange value. (Whatever value means is up to the buyer)
I think the entire idea behind cryptocurrencies from the beginning was to have unregulatable currency.
That comes with good and bad, but for most people in most situations it’s not as useful as regular currency.
- FabHK 2y agoIndeed. From Satoshi's emails: ++++++++++++ >> You will not find a solution to political problems in cryptography. > Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years. > Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own. > Satoshi ++++++++++++ > It's very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though. > Satoshi Nakamoto
- tzs 2y ago> I think the entire idea behind cryptocurrencies from the beginning was to have unregulatable currency. The problem with that is with sufficient surveillance and tracking a government could ban the use of non-approved currencies for tangible items, and enforce that ban by random audits where if you can't show that you used approved currencies that you can prove you acquired legally to pay for the tangible things you have you get tossed into jail. As Jean de La Fontaine said in the 17th century, "A person often meets his destiny on the road he took to avoid it".