this post was submitted on 29 Aug 2023
726 points (100.0% liked)
Technology
37720 readers
581 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Why do you assume I think I'm exempt from laws? I paid over $300,000 usd in taxes last year! I'm not using crypto to break laws, I'm using to to become wealthy.
Then how are you free from "corrupt governments"? You're still paying taxes on income and on property, so even if you acquired property with funny money the government is still getting its cut. And if the government felt like crypto was getting out of hands it would apply further laws to it or outlaw it.
Free in the sense that the place I store my wealth can't be confiscated (e.g. Cypress, Greece, etc...) or it's value inflated away by money printing.
Bitcoin is peer-to-peer digital cash. Governments can't ban it, that's why they are regulating it and accepting it as a thing.
Why do you think they can't ban it? If they can regulate it they can ban it. Use of an illicit currency would be a financial crime that they would investigate like any other.
Because banning things only makes them more powerful... If a country bans bitcoin, then it's putting all of it's citizens at a global disadvantage vs other countries. There is no practical way to enforce a ban of bitcoin. You can run a node over TOR.
It's the same concept of banning AI. Sure, a few people would stop, but the rest of the world will continue development.
That sounds more like a profession of faith than a logical argument. But to refute, kiddie porn is banned and not at all powerful. In any case TOR is quite thoroughly compromised by multiple law enforcement and related agencies, so maybe that particular pirate cove isn't your best bet.