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)
https://www.bloomberg.com/news/articles/2021-07-14/dogecoin-...
The key quote is here: https://ibb.co/Sm8LW0x
Asked and answered + 1.
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!
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.