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Re:Blockchain isn't about democracy and decentralisation – i... by NickM on Monday October 15, 2018 @11:07AM (#18220304)
it's the first time in hundreds of years when an individual can print money and not be called a criminal...thanks to blockchain there's nothing stopping you to create a coin for your group, your neighbourhood or your town

Local currencies have been created and used in many places all over the world for a long time, without needing anything like crypto. Nobody is being called a criminal over this, it's quite common.

https://en.wikipedia.org/wiki/Local_currency https://en.wikipedia.org/wiki/List_of_community_currencies_i...

Re:Blockchain isn't about democracy and decentralisation – i... by f055 on Monday October 15, 2018 @11:13AM (#18220359)
Yes, but which of these currencies are not operated by a registered or regulated entity?
Re:Blockchain isn't about democracy and decentralisation – i... by pjc50 on Monday October 15, 2018 @11:43AM (#18220620)
Trick question: all of them are regulated, because they're operating within the legal environment of some country, plus the US tends to claim global jurisdiction on anyone selling things to Americans.

Technically everyone running a bitcoin miner is violating securities law. It's just that SEC enforcement of this is going after the most fraudulent crypto enterprises first.

Re:Blockchain isn't about democracy and decentralisation – i... by jki275 on Monday October 15, 2018 @12:25PM (#18221089)
That's a stretch. Bitcoin hasn't been defined (and probably won't be for a variety of reasons) as a security.
Re:Blockchain isn't about democracy and decentralisation – i... by JoeAltmaier on Monday October 15, 2018 @11:10AM (#18220332)
..and its always been ok to make coins. Its only printed money that was protected?
Re:Blockchain isn't about democracy and decentralisation – i... by NickM on Monday October 15, 2018 @11:22AM (#18220443)
Nope, printed money is fine too. I used to live in Ithaca, NY, which had a fairly successful printed currency called the "Ithaca Hour": https://en.wikipedia.org/wiki/Ithaca_Hours
Re:Blockchain isn't about democracy and decentralisation – i... by XorNot on Monday October 15, 2018 @11:29AM (#18220499)
The only possibly illegal thing is you must settle your debts for state currency if your debtors request it.

It's to ensure company scrip remains suitably illegal.

Re:Blockchain isn't about democracy and decentralisation – i... by Balero on Monday October 15, 2018 @11:16AM (#18220387)
It's legal in the UK: https://bristolpound.org/

Plenty of places take this money. I have never seen one in the flesh.