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Bitcoin hits record high as Trump vows to end crypto crackdown(arstechnica.com)

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RmDebArc_5@sh.itjust.works
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ililiililiililiilili@lemm.ee
-3 points

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.

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taladar@sh.itjust.works
3 points

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.

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ililiililiililiilili@lemm.ee
-2 points

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.

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