Re:The ransomware surge
by seibelj on Friday April 30, 2021 @03:35PM
(#26998220)
Will increase the utility of decentralized exchanges like Uniswap and DeFi in general. The more CEX gets regulated the less people will want / need to use them.
[ Parent
| on HN ]
Yup, and its only a matter of time before a uncollateralized + decentralized stable coin takes over from USDT/USDC…
Yep, that's what people don't understand, you can ban centralized entities as much as you want, but you can't stop people from running arbitrary code on their devices which means it's impossible to shutdown a properly decentralized network.
If you can’t convert back to a national currency, nobody will care.