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by pavlov 740 days ago
Money isn’t like your house. It’s like the roads and other infrastructure that connects your house to other places.

You can’t drive at 100mph on the wrong side of the road. You can’t mess with the plumbing and electricity in ways that would affect the grid, even if you do it on your own property.

There are of course places in the world that are so empty or so undeveloped that you can make your own rules off-grid. But most people don’t want that because it’s a lot of work and means you’re largely disconnected from others. Bitcoin as a currency has the same problem.

1 comments

I can transact with people who choose to use it and convert to fiat currency when needed. I have been doing this for over ten years now.

It works. What's the problem?

Are you saying that me merely using Bitcoin endangers others and is akin to driving into oncoming traffic?

edit: Sure, driving into oncoming traffic is bad. So let's criminalize and punish that, rather than banning vehicles because I could drive on the pavement and cause havoc.

If you do it on your own, it’s like living off-grid and driving your off-road vehicle at whatever speed you like. Go right ahead, nobody is stopping you.

The problem with crypto is where it interacts with the financial system. The exchanges are hives of scum and villainy. Criminals use it for money laundering and ransomware. That’s the part where you do need to follow the existing rules and laws, whether you like them or not.