11–20 of 93 posts
Why doesn't the US and other governments ban Bitcoin?
It's just game theory. If banning it won't kill it (and it won't in this case), then you need to embrace it or lose out. The best they can hope for is to control the on-ramps and off-ramps.
Why doesn't the US and other governments ban Bitcoin?
Nope. They either don't care or actually like it.
Also, "banning" things in America is close to impossible due to the populace intense distrust of the government. You can't even ban AR-15s, imagine thinking its possible to ban a piece of software running on a raspberry-pi.
Why doesn't the US and other governments ban Bitcoin?
Why doesn't the US and other governments ban Bitcoin?
See also: https://en.wikipedia.org/wiki/Pretty_Good_Privacy#Criminal_i...
Why doesn't the US and other governments ban Bitcoin?
Because government officials are supposed to be working for the people? Does your barber want to ban Bitcoin? The school-teacher? The doctor? Nope. They either don't care or actually like it. Also, "banning" things in America is close to impossible due to the populace intense distrust of the government. You can't even ban AR-15s, imagine thinking its possible to ban a piece of software running on a raspberry-pi.
Things are banned all the time in the US, including pieces of software. See Tornado Cash for an extremely recent example.
Why doesn't the US and other governments ban Bitcoin?
Why doesn't the US and other governments ban Bitcoin?
For miners operating in the US, I’d like to see sanctions violations cases if they mine blocks that include transactions for Iranian (and other sanctioned) entities. This seems straightforward to me. Frankly I’m quite annoyed that my democratically elected representatives’ sanctions regime is being undermined by Americans interested in a quick buck from wasting electricity with their PC.
For miners operating in the US, I’d like to see sanctions violations cases if they mine blocks that include transactions for Iranian (and other sanctioned) entities. This seems straightforward to me. Frankly I’m quite annoyed that my democratically elected representatives’ sanctions regime is being undermined by Americans interested in a quick buck from wasting electricity with their PC.