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I saw that potential as obvious from day one. I just thought governments would care. Usually when someone sets up a money laundry ring, someone tries to stop it
by procaryote 1y ago
I saw that potential as obvious from day one. I just thought governments would care. Usually when someone sets up a money laundry ring, someone tries to stop it.
My best idea, that probably gives governments too much credit, is that it's pretty useful to have a transparent record of illicit money flows, and that you can be OK with a bit of crime to get it.
- earnesti 1y agoGovernments do care, they have developed heavy regulatory frameworks for cryptocurrencies, such as MiCa in EU. I think central banks have been giving (negative) comments about Bitcoin since 2011 or so when it first gained modest publicity. Governments are huge and consists of many different institutions. I guess many would like to see Bitcoin stopped, but how to do that without fondling with the basic human rights, such as the right to free communication? So far the governments have been regulating it, trying to reduce the illicit use, which doesn't really stop it but actually makes it more legitimate.
- Scoundreller 1y agoGovernment sure killed egold and liberty reserve.