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A fundamental advantage of BTC is that it's supposed to be free of government regulation or other forms of centralized control. The correct response to this is
by w1ntermute 14y ago
A fundamental advantage of BTC is that it's supposed to be free of government regulation or other forms of centralized control. The correct response to this is to (be absolutely sure that the government can't regulate it, and then) just ignore whatever the government says.
- Nursie 14y agoThis works fine until real-world businesses start being shut down for accepting it. Not saying this will happen, but a determined government could easily put a huge dent in bitcoin usage.
- iaw 14y agoMore realistically what would happen is that the government would start imposing huge fines and tracking down those that evade them (such as tax cheats, except easier because tax cheaters are smarter than the average BTC user at fooling government regulators).