Re:Statement on Potentially Unlawful Online Platforms for Tr...
by mhluongo on Wednesday March 07, 2018 @03:12PM
(#16539406)
Thank you! Only those with a short memory equate money exclusively with government.
Re:Statement on Potentially Unlawful Online Platforms for Tr...
by aje403 on Wednesday March 07, 2018 @05:33PM
(#16540607)
So wait, okay, in the 1800s state-and-gold-backed banks issued legal tender in lieu of anything else, this is a fair analogy to cryptocurrency and anybody against cryptocurrency just wants to see people in jail
Nonsense. We've had non-political money before. During the free banking era we had thousands of bank-issued currencies that competed in an open market, and the state was alive and well.
The state exists as long as it has a monopoly on force within its jurisdiction. It doesn't need to monopolize the control of money and imprison anyone who has wrong-think about what they consider to be money.
I understand that a lot of people here don't like cryptocurrency and the get-rich mentality around it, but understand that when you call for laws to prohibit various uses of it, you're calling for people to see the inside of a prison cell because they have different ideas about what money is than you.