Re:Ending Bitcoin Support
by qwerty456127 on Tuesday January 23, 2018 @04:37PM
(#16217961)
What makes you sure convenience will not improve?
Re:Ending Bitcoin Support
by JumpCrisscross on Tuesday January 23, 2018 @04:46PM
(#16218030)
> What makes you sure convenience will not improve?
Nothing. I was responding to a comment claiming a national ban “will” cause Bitcoin to “grow substantially.” My position on Bitcoin has always been it’s an interesting moonshot being priced as an eventuality.
With increasing regulations around cryptocurrencies large private transactions will be much more regulated, or possibly illegal, which will cut down on usability. Even if it's actually anonymous and buyers don't have to worry about it sellers will have to or risk being shut down
Re:Ending Bitcoin Support
by at-fates-hands on Tuesday January 23, 2018 @05:10PM
(#16218265)
The SEC is already moving in the direction of trying to mitigate large scale transactions. They know they can't stop the spread of crytpocurrencies, but they're doing everything they can to reduce people using it for larger scale transactions or investments.
Cash comes with substantial privacy benefits. It's also inconvenient. TL; DR Most people trade privacy for convenience.