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by throwawayfinal 3053 days ago
"Especially important for finite supplies like Bitcoin"

The law doesn't concern itself with the technical implementation of bitcoin. In addition, trackable and "tainted" money is dangerous for people to accept; bitcoin just makes it real easy to identify that.

1 comments

"The law doesn't concern itself with the technical implementation of bitcoin"

That's an astounding statement to make without citation or qualification. In general, the law (at least in the form of U.S. appellate courts and congressional bodies) is very good at including public-policy consequences in its decisionmaking process.

maybe future laws and policy will take into account the more-or-less finite supply of bitcoin. maybe.

my point is that there is no guarantee that bitcoin will receive favorable decisions. it's hard for the lay person to understand (why not just print more?) and if ever declared a currency-non-grata could actively be attacked in this way.

i should add that i have engaged in btc currency speculation and had a positive result. the long term value/health of btc is of great benefit to me. but, it would be foolish for me to assume that because it would good for it to be so that it will be so.

That much I can agree with. The law eventually gets things right, but it can take a while, and it might harm individuals and individual technologies along the way.