Hacker News new | ask | show | jobs
by skylabmelody 1836 days ago
I can understand your fierce will to ban crypto for environmental impact reason.

However you cannot ban bitcoin, you just can't, that the whole purpose of its existence.

And black markets have always existed and always will.

1 comments

> you just can't

Sorry, that's not an argument.

You could make it illegal by law tomorrow, it doesn't change the fact that bitcoin would still exist and be used due to its decentralized nature.
The government can severely impair its appeal as a speculation vehicle and people would stop speculating with it. This is Bitcoin's primary use case. Some people who use it as a medium of exchange because they can't use real money for a variety of reasons might continue to use it, true, as well as a minority of hard-core fanatics who are attracted to bitcoin for ideological reasons regardless of practicality.