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A comment on X (Twitter) Obtains License to Store, Transfer, and Trade Bitcoin and Crypto. Parent comment

Re:X (Twitter) Obtains License to Store, Transfer, and Trade... by playday on Wednesday August 30, 2023 @09:09AM (#37321555)
Bitcoin as a protocol can’t be regulated, but anyone using Bitcoin can be regulated. Same with taxes. In practice this means any entity that operates a registered company has its crypto operations regulated, while entities that operate fully on chain may not be regulatable (depending on structure and operational security decisions).
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Re:X (Twitter) Obtains License to Store, Transfer, and Trade... by rewmie on Wednesday August 30, 2023 @09:50AM (#37322151)
I don't know what point you tried to make. Claiming that a protocol can't be regulated is completely irrelevant as the selling point of crypto as a currency is that it's operations are immune to regulation.
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Re:X (Twitter) Obtains License to Store, Transfer, and Trade... by PretzelPirate on Wednesday August 30, 2023 @10:29AM (#37322682)
> selling point of crypto as a currency is that it's operations are immune to regulation.

It's not that they are immune, it's that no one can stop you. That doesn't mean tat you won't have consequences, but if you live under an unethical reigme, the consequences may be worth it.

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Re:X (Twitter) Obtains License to Store, Transfer, and Trade... by playday on Wednesday August 30, 2023 @08:32PM (#37331027)
Yeah if someone is telling you that crypto is immune to regulation they’re lying and probably trying to scam you.
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Re:X (Twitter) Obtains License to Store, Transfer, and Trade... by rewmie on Thursday August 31, 2023 @02:34AM (#37333274)
> Yeah if someone is telling you that crypto is immune to regulation they’re lying and probably trying to scam you.

Isn't crypto synonymous with scams?

https://time.com/personal-finance/article/popular-crypto-sca...

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Re:X (Twitter) Obtains License to Store, Transfer, and Trade... by rsynnott on Thursday August 31, 2023 @05:14AM (#37334446)
I mean, if it was sold to you on that basis, the person doing the selling was lying to you; that’s obvious nonsense.
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