- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why bitcoin is worse than a Madoff-style Ponzi scheme
Posted on 12/23/21 at 10:54 am to tigerpawl
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 12/23/21 at 10:58 am to Dawgfanman
quote:
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
They can make life really hard for those wishing to exchange it for cash. They can make it less hard but still difficult for those wishing to exchange it for tangible goods. They cannot make it impossible because crypto rails cannot be shut down and you can send assets peer to peer. They would be reliant on fear and fear alone. Taking this thread of thought to an extreme: if it were ever the case that the USD underwent rapid devaluation people would almost assuredly shirk the risk and use it anyway because they want to buy things (e.g. people in Venezuela hoarding and using Runescape gold as currency because the bolivar endlessly tanks).
It's kind of a moot point anyway, crypto rails are being viewed as the next leg of innovation in the tech space and Web3 will soon be the next big tech buzzword that gets investors moving.
This post was edited on 12/23/21 at 11:03 am
Posted on 12/23/21 at 9:41 pm to Dawgfanman
quote:You watch too much television and have already forfeited your right to independent thinking. The government loves you. Keep up the good work…
You severely underestimate the ability of govts to impose their will on you
Popular
Back to top
Follow TigerDroppings for LSU Football News