I'm just trying to figure out what the government and the banks can do to stop cryptos. It seems impossible but it's hard for me to believe that they will just roll over and die.
I'm just trying to figure out what the government and the banks can do to stop cryptos. It seems impossible but it's hard for me to believe that they will just roll over and die.
By the way, Bitfinex already stopped selling digital securities to verified US customers, based on a statement by the SEC. They also stopped verifying US customers...
It would be easy to stop people. All they have to do is make a new rule like this;
"New rule, bitcoin is now illegal for [insert country]"
This wouldn't stop everyone, but it would stop a lot of people through fear of their lives being ruined just like everything else that's deemed illegal without causing a victim.
Global war would stop it.
You will be paid for your creative output in crypto and you will spend it on a myriad of untraceable diversions. Someone will convert it to USD for you by funneling it through a "job" you do in the white-market economy that the government knows about. The job will actually be done by machines and AI. This money would pay for your physical accommodations, "IRL". You would spend most of your time in ever advancing versions of VR and AR and R+.
I think that "we", through our independent effort and voluntary association can outmaneuver any state. We outnumber all federal employees by a ratio of 100 to 1. Even if we possessed the same rigid hierarchy, we would have more interconnections in our "organization". But we are also more densely interconnected, which greatly multiplies the disparity in capability. So I'm quite confident that we will outsmart them at an accelerating pace.
At some point the government would have to worry that crypto might no longer exchange with them.
They wouldn't stop it, just tax it.
I know right! I beat a case by delivering the birth certificate as a bond on a old case of mine, so I know they wont roll over and die if they are trading on the peoples birth certificates.