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justknoweverything t1_jebxaz7 wrote

lol they can't control it all which is the best part about it

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That-Whereas3367 t1_jeceeg2 wrote

You are incredibly naive. Governments already track all crypto transactions. They can ban mining, shut down domains, ban banks from converting to cash and seize wallets. The final option is making possession of crypto a crime. In that case 99% of users will stop using it and the value will plummet.

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Otherwise-Degree-368 t1_jechhmi wrote

  1. Anyone can track transactions. It's literally a PUBLIC ledger. Transactions can remain anonymous. Depends on where and how you acquired or disperse of said crypto.
  2. Bans... Like the ban on drugs? Highly effective.
  3. Domains aren't required.
  4. Seize wallets? They can try to steal wallets, which may or may not be easy, if at all possible, depending on the wallet.
  5. Crypto a crime... I refer to point 2. As we see in other nations that have destroyed their currency, bans are highly ineffective when people have their livelihoods to worry about.

Crypto is here to stay. And what Govt can't do is print more of it. Finally, sound money for the people.

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Qzy t1_jef7n93 wrote

Governments can ban using crypto as legal tender. Since you can't buy shit, why have it?

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