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Wouldn't declaring this money illegal much more faster, cheaper and efficient to destroy it (at least on US ground) ?
by Octplane 13y ago
Wouldn't declaring this money illegal much more faster, cheaper and efficient to destroy it (at least on US ground) ?
- dragonwriter 13y agoNo. Declaring a commodity to be illegal is not a fast, cheap, or efficient way to destroy it. See, e.g., Prohibition. Or Prohibition 2.0: The War on Drugs.
- gremlinsinc 13y agoExactly - but drugs can be made, and manufactured.. Bitcoins cannot, there is a finite limit. Of course people may eventually move-on to other crypto-currencies, but the u.s. could buy up all those super cheap as they come available as well.