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Re:Uganda's internet Shutdown by johndevor on Friday January 15, 2021 @02:51PM (#25795438)
Game Theory. Let's say the US bans crypto, well then Russia will embrace it.

Also, drugs are illegal... and it hasn't stopped drugs from trading hands... drugs even manage to make their way into prisons.

Re:Uganda's internet Shutdown by asdff on Friday January 15, 2021 @04:10PM (#25796545)
The difference is you can make drugs. You can't make internet access.
Re:Uganda's internet Shutdown by jimmydorry on Friday January 15, 2021 @09:54PM (#25799565)
Yes you can, and I believe the most basic infrastructure is already in place [1]. It would just need to be expanded on. Blockstream has been working in this space for several years now [2].

[1] https://blockstream.com/satellite/#:~:text=Blockstream%20Sat....

[2] https://blockstream.com/2020/05/04/en-announcing-blockstream...

Re:Uganda's internet Shutdown by Reedx on Friday January 15, 2021 @03:16PM (#25795781)
I think they will see that possibility, though. So the US, Europe and others could agree to ban it at the same time.

Not all countries would need to sign on to essentially send it back to the stone age.

Re:Uganda's internet Shutdown by gruez on Friday January 15, 2021 @03:58PM (#25796369)
>So the US, Europe and others could agree to ban it at the same time.

Ah yes, like how the US and Europe agreed to ban drugs? How's that working for them?

Re:Uganda's internet Shutdown by rank0 on Friday January 15, 2021 @11:12PM (#25799959)
That's not the same at all. Drugs have an inherent "value" or reason why people demand them. People love getting high. Drugs are addictive.

Bitcoin demand is driven mostly by speculative investors.

Maybe governments can't completely kill bitcoin, but they could certainly drive it back to fringe enthusiasts and criminal activity if they wanted.

Re:Uganda's internet Shutdown by Reedx on Friday January 15, 2021 @04:14PM (#25796596)
Terribly. But that's a good example of countries agreeing to ban something.
Re:Uganda's internet Shutdown by nmlnn on Friday January 15, 2021 @04:36PM (#25796866)
How would they enforce such a ban?
Re:Uganda's internet Shutdown by imtringued on Saturday January 16, 2021 @12:51PM (#25803862)
By delisting the cryptocurrency from exchanges or shutting down cryptocurrency exchanges.