this post was submitted on 13 Nov 2024
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[–] ililiililiililiilili@lemm.ee -3 points 1 month ago (1 children)

Governments have shown in the past they will indeed never give up their money printer. That's a key reason crypto was created. You seem to think governments are willingly allowing crypto to exist and have the ability to shut it down. Centralised e-cash has been tried (and quickly squashed). P2P crypto is immutable and exists to preserve the freedom of users.

[–] taladar@sh.itjust.works 3 points 1 month ago (1 children)

They have the ability to shut it down for all practical purposes by simply banning its use for transaction by legitimate companies in their country.

[–] ililiililiililiilili@lemm.ee -2 points 1 month ago

That would just suppress the price in the short term and leave that country behind in the digital currency revolution. Everyone has a moral responsibility to disobey unjust laws. Politicians can legislate all they want, but crypto will keep humming along.