News for hackers. Stuff that matters.

A comment on Regulating Crypto: How we move forward as an industry from here. Parent comment

Re:Regulating Crypto: How we move forward as an industry fro... by pjc50 on Wednesday December 21, 2022 @08:50AM (#34080691)
> The problem in reality would be non existent if people used crypto currencies for what they were meant to be used for: an alternative economy with no need for exchanges and third parties

You know, I think we can help you with that: crypto exchanges should be banned on sight. Including localbitcoins.

Let the libertarians have their playground, but there must be no linkages between it and the regular world of money.

[ Parent | on HN ]
Re:Regulating Crypto: How we move forward as an industry fro... by kodyo on Wednesday December 21, 2022 @09:34AM (#34081201)
"Regular world of money" is bizarre phrase. I'm assuming you mean the government monopoly on currency, but the idea that a country outsourcing its currency management to a central banking cartel is "regular" is lunacy.
[ Parent | on HN ]
Re:Regulating Crypto: How we move forward as an industry fro... by pjc50 on Wednesday December 21, 2022 @09:44AM (#34081310)
It looks pretty regular to me? Currency issuance has been a function of the government since the Bronze age? And paper money since, what, the Song Dynasty?
[ Parent | on HN ]
Re:Regulating Crypto: How we move forward as an industry fro... by kodyo on Wednesday December 21, 2022 @11:15AM (#34082600)
You missed the part where I pointed out that the US government outsourced the administration of its currency to a private banking cartel and some people just think it's normal.
[ Parent | on HN ]
Re:Regulating Crypto: How we move forward as an industry fro... by TobTobXX on Wednesday December 21, 2022 @08:55AM (#34080764)
Even in the case described by OP, exchanges would still be a thing, just like they are between EUR & USD.
[ Parent | on HN ]
Re:Regulating Crypto: How we move forward as an industry fro... by epolanski on Wednesday December 21, 2022 @09:06AM (#34080879)
Depends on legislation.
[ Parent | on HN ]
Re:Regulating Crypto: How we move forward as an industry fro... by Zpalmtree on Wednesday December 21, 2022 @09:00AM (#34080807)
why?
[ Parent | on HN ]