Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub
by concinds on Wednesday February 23, 2022 @09:13AM
(#30441125)
Yes, governments can try, but there will always be ways to fight it; including using sneakernet to exchange hardware wallets, instead of traceable on-blockchain transactions. Crypto is as impossible to ban as the internet at this point.
Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub
by pjc50 on Wednesday February 23, 2022 @09:18AM
(#30441170)
You end up in a "war on drugs" scenario. You could argue whether it is "possible" or "impossible" to ban drugs, given their continued availability, but they certainly have been criminalized.
This is a terrible example as the US government really did ban DES for a while - at least for "export", which includes publishing on the internet.
People who say "the government can't ban X" are really badly underestimating how far governments are willing to go if you really do start disrupting the state.