• Uniquitous@lemmy.one
    link
    fedilink
    English
    arrow-up
    9
    ·
    1 year ago

    Then how are you free from “corrupt governments”? You’re still paying taxes on income and on property, so even if you acquired property with funny money the government is still getting its cut. And if the government felt like crypto was getting out of hands it would apply further laws to it or outlaw it.

    • LootGoblin42@beehaw.org
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Free in the sense that the place I store my wealth can’t be confiscated (e.g. Cypress, Greece, etc…) or it’s value inflated away by money printing.

      Bitcoin is peer-to-peer digital cash. Governments can’t ban it, that’s why they are regulating it and accepting it as a thing.

      • Uniquitous@lemmy.one
        link
        fedilink
        English
        arrow-up
        5
        ·
        1 year ago

        Why do you think they can’t ban it? If they can regulate it they can ban it. Use of an illicit currency would be a financial crime that they would investigate like any other.

        • LootGoblin42@beehaw.org
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          Because banning things only makes them more powerful… If a country bans bitcoin, then it’s putting all of it’s citizens at a global disadvantage vs other countries. There is no practical way to enforce a ban of bitcoin. You can run a node over TOR.

          It’s the same concept of banning AI. Sure, a few people would stop, but the rest of the world will continue development.

          • Uniquitous@lemmy.one
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 year ago

            That sounds more like a profession of faith than a logical argument. But to refute, kiddie porn is banned and not at all powerful. In any case TOR is quite thoroughly compromised by multiple law enforcement and related agencies, so maybe that particular pirate cove isn’t your best bet.