Re:The Limits to Blockchain Scalability
by RhodoGSA on Saturday May 29, 2021 @05:47PM
(#27328490)
you can literally flip every single one of your arguments with a few words.
>[big purchases] of any big country could change and trigger the [purchase] for a lot of [buyers] of a country.
>Especially given BTC is used by Iran to bypass petrol restrictions, used by ransomware and all sort of dealers, as well as Chinese who want to flee.
[Didn't actually have to change this one, seems like buying pressure to me]
>Currencies are in theory regalian = only emitted by the central bank; [New world currency outside of central banks is the whole vision for crypto, so i don't see how this conflicts.]
>Once any country gets upset with this, they could blame terrorism on BTC and ask owners to prove their origin of wealth, which would be a major hurdle if the law was strict.[ Don't actually understand this one, how could you make me prove ownership of coins in a cold-wallet?]
>[big purchases] of any big country could change and trigger the [purchase] for a lot of [buyers] of a country.
>Especially given BTC is used by Iran to bypass petrol restrictions, used by ransomware and all sort of dealers, as well as Chinese who want to flee.
[Didn't actually have to change this one, seems like buying pressure to me]
>Currencies are in theory regalian = only emitted by the central bank; [New world currency outside of central banks is the whole vision for crypto, so i don't see how this conflicts.]
>Once any country gets upset with this, they could blame terrorism on BTC and ask owners to prove their origin of wealth, which would be a major hurdle if the law was strict.[ Don't actually understand this one, how could you make me prove ownership of coins in a cold-wallet?]