Hacker News new | ask | show | jobs
by whimsicalism 794 days ago
There are tons of countries with severe capital controls where crypto is thriving.
3 comments

There's also an endless stream of very surprised crypenthusiasts who owe large tax bills. The tax department may not get you on any given year, but they will eventually get you.
There are thriving dollar and crypto black markets in Nigeria and Argentina. Government does not appear to be getting them.

I am not talking about the irs as you seem to be imagining.

Right but _they_ are talking about the IRS. If the US government wanted to end crypto, they would give it a whole lot better shot than Nigeria and Argentina.
There are countries that can mount credible attacks by partitioning the largest mining operations and shutting down the largest on/off ramps, and there are countries with severe capital controls where crypto is thriving.

The test doesn't enter hard mode until the venn diagram grows an intersection.

"tons"...which?