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by cryptochamorro
1908 days ago
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No one blames fiat for the destruction of entire countries and assassinations of leaders who tried to get away from being beholden to X financial system. Money drives people to do insane things. Governments only care about the environment insofar as to stay in power and to keep their citizens from interrupting their gravy train. Look at the numerous examples politicians using “green” initiatives to line their own pockets. Attacking cryptocurrency is in their best interest because they can’t control it. Full stop. |
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They could, for example, pass laws that mandate backdoors, which would mean any cryptocurrency developers in the country would be thrown in jail if they didn't comply. They could also ban operating P2P nodes in the cryptocurrency's network. Due to the nature of P2P it isn't possible to hide the fact that you're running a node, unless you also close the entire network off to new users. (Case study: BitTorrent filesharing lawsuits) The government would just have to run their own nodes and connect to other users to collect information on who needs to be arrested.
I don't think people on HackerNews entirely appreciate how much their ability to do cool fun hacker stuff is a function of living in an advanced democracy where there are significant limitations on the power of government upon which the government has agreed to remain, people's innocence is presumed in criminal proceedings, and private actors trying to curtail said freedoms are looked upon with skepticism, if not outright legal condemnation.