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A comment on No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250. Parent comment

Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by simias on Tuesday November 20, 2018 @10:11AM (#18494310)
Ignoring the debate about whether these regulations are a good or a bad thing, don't you think that the fact that "the federal governments of the world" (not sure what you meant exactly by that) are capable of chocking exchanges and harming cryptocurrencies in the process prove that the dream of a decentralized, unregulated currency is out of reach?

Even though the bitcoin network itself is censorship-resistant clearly you're having issues at the interface with the real world. Doesn't that negate a lot of what made CC attractive in the first place?

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Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by brazzy on Tuesday November 20, 2018 @11:00AM (#18494787)
Not necessarily. It only shows that CCs have not gained enough traction as currencies to deliver on that dream.

The theory is that you wouldn't really need crypto-fiat exchanges because opportunities to earn and spend cryptocurrency directly would turn up everywhere, and eventually crypto would just crowd out fiat because it's all-around better.

Well, turns out nobody really cares about censorship-resistance nearly as much as about getting rich without doing anything for it.

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Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by natmaka on Tuesday November 20, 2018 @10:51AM (#18494705)
First they ignore you. Then they ridicule you. And then they attack you and want to burn you...

To a certain extent it is up to us to chose what the "real world" will be, and preferring cryptocurrencies over existing objects seems consistent with many contemporary trends and aspirations (decentralized, auditable...).

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