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re: Why bitcoin is worse than a Madoff-style Ponzi scheme
Posted on 12/23/21 at 9:57 am to Dawgfanman
Posted on 12/23/21 at 9:57 am to Dawgfanman
quote:How?
Huh? They could make it illegal
![](https://images.tigerdroppings.com/Images/icons/iconpopcorn.gif)
Posted on 12/23/21 at 10:54 am to tigerpawl
quote:
quote: Huh? They could make it illegal How?
You think the govt can make certain words illegal, can regulate how much water you use to flush the toilet, but can’t make crypto illegal?
You severely underestimate the ability of govts to impose their will on you
Posted on 12/24/21 at 7:28 am to tigerpawl
quote:
Huh? They could make it illegal
How?
New law:
2022 Spring: a mass shooting event happens. Turns out the shooter was paid to kill people with Bitcoin.
2022 Summer: Media runs 24/7 stories about murderers and drug dealers using cryptocurrency to circumvent the law
2022 Fall: Congress passes a law to ban all cryptocurrency with minimum years long jail sentence for anyone caught possessing Bitcoin and even heavier fines for trading it.
2022 winter: President creates a new executive agency dedicated only to cracking down on cryptocurrency. A few strategic people are targeted and very publicly arrested and thrown in federal prison.
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