News for hackers. Stuff that matters.

A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by imtringued on Wednesday March 31, 2021 @06:24PM (#26653907)
I honestly don't understand your comment. You're comparing two completely different things. Bitcoin mining protects the currency.

Meanwhile you talk about the USA securing its access to oil by using a potent "weapon" called the US dollar, delivered by the US military. The dollar isn't what's being protected, what's being protected is the entire economic system of the USA that is dependent on oil. If it was really about the dollar then the USA could protect it within its own borders. The US dollar is already strong enough as it is.

Comparing these completely different things makes no sense. There is no Bitcoin nation.

[ Parent | on HN ]
Re:The political case for a blanket cryptocurrency ban by hackinthebochs on Wednesday March 31, 2021 @06:54PM (#26654194)
> The dollar isn't what's being protected, what's being protected is the entire economic system of the USA that is dependent on oil.

The two are inextricably linked. You could not run an economy of this size without a currency to underpin trading value and denominating debt. So defending the strength of the economy is defending the strength of the currency the economy is denominated in.

[ Parent | on HN ]