Re:The political case for a blanket cryptocurrency ban
by paulryanrogers on Wednesday March 31, 2021 @07:52PM
(#26654817)
Stocks are usually shares of a company with assets. Assets that can be sold off to pay back shareholders when things go sideways.
Re:The political case for a blanket cryptocurrency ban
by tanseydavid on Thursday April 01, 2021 @12:11PM
(#26662414)
Usually, "when things go sideways" there is nothing left to be sold off.
Re:The political case for a blanket cryptocurrency ban
by paulryanrogers on Thursday April 01, 2021 @11:37PM
(#26668826)
I mean when the company's stock becomes worthless. Obviously if all stocks or the whole world crashes at the same time that's something else.
Now if a blockchain's exchange value goes to zero then all that's left is a very expensive data chain.
The "green" issue of Crypto mining is a harder regulatory issue for our government to get involved in, though. While on the one hand, I applaud their pro action, on the other hand, the hypocrisy is on a scale almost never seen. A government which has simultaneously rolled back environmental regulation, wildlife areas and expanded oil pipelines, shale extractions, fracking and offshore drilling while continuing a war on "terrorism", which is an ideal, not an enemy. A forever war, if you will. This is a polluter much bigger than crypto miners, so you'll excuse me if I have to take the concern about the environmental impact concern from the Senate all that seriously...... sorry. Went off the track. Either way, there are larger polluters to tackle than Crypto that take less control away from people.