I have a question about crypto.
Let's say crypto starts gaining traction as money to the point where the govt feels threatened.
They respond by banning all business dealings with it.
Even if they can't control or even identify transactions on the blockchain, they can still see who publicly accepts crypto (by looking at website payment options, audits, investigations, etc).
This would make the vast majority of people avoid crypto, and businesses dealing in crypto illegally couldn't scale.
This seems like the likely scenario as the govt will not just let this much power slip away.
Isn't this a fundamental problem?
Chad
npub1xk…r6m6n
2023-09-02 01:27:35
Author Public Key
npub1xknld4ne84pgm06drvej0ln97w9quc7r9pkyfgjpxczplhlh2jwsar6m6nPublished at
2023-09-02 01:27:35Event JSON
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"content": "I have a question about crypto.\nLet's say crypto starts gaining traction as money to the point where the govt feels threatened.\nThey respond by banning all business dealings with it.\nEven if they can't control or even identify transactions on the blockchain, they can still see who publicly accepts crypto (by looking at website payment options, audits, investigations, etc).\nThis would make the vast majority of people avoid crypto, and businesses dealing in crypto illegally couldn't scale.\nThis seems like the likely scenario as the govt will not just let this much power slip away.\nIsn't this a fundamental problem?",
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