Re:Solend seized $170M of user funds
by e63f67dd-065b on Monday June 20, 2022 @12:12AM
(#31806203)
Easy: if congress bans all crypto tomorrow, you can trivially check which websites accept crypto, and then send them a letter to not do that.
If they don’t comply, you tell the registrar/host/ISP to shut them down, then they don’t have a website anymore.
The point is that at some point real people, subject to laws and regulations, will have to touch the thing you’re buying. If you’re buying a sandwich, it doesn’t matter the guy making the sandwich accepts crypto if the government can put them in jail for doing so.
At some point, you ll need to pay taxes. in the money of choice of your current governing body.
You do? What is the purpose of cryptocurrency if you are just going to convert back into cash the moment you use it? I think the end goal for cryptocurrency is to create a circular, P2P economy[0][1]
Seems pretty difficult to regulate only some cryptocurrencies if it's already possible to anonymously and trustlessly swap between them[2]
[0] https://monerica.com/
[1] https://localmonero.co/
[2] https://unstoppableswap.net/