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What you're describing is (in my view) the best casus belli for both the 'war on drugs' and a 'war on crypto', but a moral case does not make a criminal case (o
by nickff 1y ago
What you're describing is (in my view) the best casus belli for both the 'war on drugs' and a 'war on crypto', but a moral case does not make a criminal case (on its own).
- mullingitover 1y agoI don't even necessarily think a 'war on crypto' is needed. The problem is that crypto seems to function as a get out of jail free card for very straightforward financial crimes: you just do the financial crime, but apply a thin veneer of 'but with crypto' and the legal system is utterly bamboozled. Crypto's problem is that when the law is updated to deal with these stunts, it's suddenly just a crappy version of the existing financial system.
- nickff 1y agoI completely agree that crypto is being used as an end-run (if you'll pardon the expression) around the existing financial oligopoly, whose regulatory burden is paid for by the monopoly rents extracted by the government-endorsed players. The problem is that criminal laws aren't being maximally applied against banks, so instances like this do give the appearance of 'unfairness'.
- XorNot 1y agoThe war on drugs creates almost all the negative externalities of drugs to try and stop people making their own choices. It is both a reason not to buy drugs now (you're sponsoring all that other stuff) and a reason it's a ridiculous and immoral policy. It is also on no way comparable to crypto.