[pavel_lishin]

> then anyone who has ever taken crypto to work on a project, anyone who handled the influx of cash to exchange it for crypto by selling Tether (which is all of the major exchanges), are headed for a storm of hurt.

Why would all cryptocurrency transactions be tainted by this? Or are you saying that the value (relative to real money) would plummet?

[nyolfen]

presumably it would foreshadow a regulatory crackdown

[gibsons77]

Sounds like torrents all over again, i.e. a giant waste of resources. Criminals will always be one step ahead of the DOJ or any other regulatory body.

[pavel_lishin]

Well, it's a little different. Torrent sites didn't have centralized websites that would literally trade large sums of money for torrents.

[dralley]

Whether a "giant waste of resources" or not, the torrent ecosystem nowadays is nowhere close to what it was a few years ago.

[gibsons77]

Right, but that's thanks to innovation in the digital media space and subscription models, not necessarily regulatory pressure.

[r00fus]

Torrents couldn't be used to launder money for corrupt purposes. Anyone in crypto who didn't see this coming was blind or willfully ignorant.