News for hackers. Stuff that matters.
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by autokad on Tuesday July 13, 2021 @02:12PM (#27824203)
I think bitcoin / cryptos is not as safe from governments as people think. Look at EU banning deposits on binance. I think governments banning ways people can deposit and buy crypto would kill it pretty quickly. We are entering dark times in how people can control us by how we can spend our money, and I don't think crypto is going to save us from that.

I also hate those cancel culture people who are like 'it doesn't provide utility in my narrow minded view on how the world should be, so it should be banned'. If you don't like or understand something, breath and move on with your life. Keep it to yourself and let others live in peace.

If you really want to go down the rabbit hole of removing stuff that's not 'necessary' to 'save the planet', ok, lets ban air conditioning. You don't NEED it. How about we stop the mass castration of animals and all the unnecessary spending on them and ban pets. Oh they have use and meaning to you? well not to me, ban them.

Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by scrubs on Tuesday July 13, 2021 @04:15PM (#27825739)
>We are entering dark times in how people can control us by how we can spend our money

Who said bitcoin is currency? It doesn't even meeting definitional requirements for currency. Moreover, if bitcoin and its crypto advocates were just OK with letting it run side by side with fiat currencies that'd be one thing. But the perhaps not express still implicit goal of crypto is to replace fiat currency which necessarily puts it into conflict with the Gov. whether in the east or west. There's an anarchist theme there. So how can it really be surprising there's push back? Let's not forget spending fiat currency --- well, at least in the west (the good side) --- has no overlord limits other than criminal you think exist.

Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by autokad on Tuesday July 13, 2021 @04:22PM (#27825812)
I didnt say it was a currency, I said the powers that be may prevent us from using our currency to buy / transact with it or what ever they find socially unacceptable.
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by scrubs on Thursday July 15, 2021 @07:45PM (#27851440)
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by scrubs on Tuesday July 13, 2021 @06:43PM (#27827146)
I said Bitcoin wasn't a currency. You said bitcoin isn't a currency too. So that's it then. The only thing really left on the table is fiat currency which, as I already said, isn't constrained by (insert adjective here e.g. deep-state) overlords except for criminal acts at least in west. Well, another problem sorted out!
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by BrissyCoder on Tuesday July 13, 2021 @02:57PM (#27824779)
I live in Australia and my.air conditioning runs for free off of solar. In many parts of the country people would die without AC.

Also crypto has no utility and should be banned.

Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by academia_hack on Tuesday July 13, 2021 @03:58PM (#27825548)
I agree crypto has no utility but I also really don't want to live in a world where governments ban me from buying and selling knowledge of numbers because of the particular algorithm which produced them. Or from using my computer to compute whatever I want.
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by autokad on Tuesday July 13, 2021 @04:20PM (#27825797)
so what if your AC runs off solar. so do some crypto miners.