Inside the U.S. cryptocurrency suppression program.

[Trader Curt]

If governments decide to end cryptos, it can be done very fast.

Please, stop. This is almost embarrasing to listen to....

 

[RedDuke]

Please, stop. This is almost embarrasing to listen to....

please explain where I am wrong, should government decide to ban crypto, not saying they will.

 

[Sprout]

please explain where I am wrong, should government decide to ban crypto, not saying they will.

You still do not understand the principles of decentralized and permissionless.

 

[Sprout]

Well, I want my money to be safe from the infested hands of leeches, hackers, thieves, con men,... You know, like all the current members of the crypto craze. So, no, thank you. I see no benefit whatsoever in cryptos for developed markets. We already have electronic payment and transfer means that do not cost any more than a crypto transfer (end-to-end) but are infinitely safer.

lol

https://twitter.com/x/status/1364907044826939392

 

[Trader Curt]

please explain where I am wrong, should government decide to ban crypto, not saying they will.

You originally said the government can end crypto. No they have no control over crypto, the best they can do is block u.s. based exchanges from trading and tax it. The government doesn't have the means or the power to do such a thing

 

[RedDuke]

You originally said the government can end crypto. No they have no control over crypto, the best they can do is block u.s. based exchanges from trading and tax it. The government doesn't have the means or the power to do such a thing

Of course they can. Shut down most farms and disrupt blockchain networks will destroy cryptos and turn them into tiny niche. Once again not saying they will, just saying they could.

 

[RedDuke]

You still do not understand the principles of decentralized and permissionless.

I very much do.

 

[Trader Curt]

Shut down most farms and disrupt blockchain networks will destroy cryptos and turn them into tiny niche. Once again not saying they will, just saying they could.

How exactly do you think they can "disrupt blockchain networks" when the network is global? And as for "shutting down most farms," that won't do anything when most farms are in other countries. Sounds like you think our government can do anything

 

[RedDuke]

How exactly do you think they can "disrupt blockchain networks" when the network is global? And as for "shutting down most farms," that won't do anything when most farms are in other countries. Sounds like you think our government can do anything

I did not say US government. I said government in general. It would obviously would need to be globally coordinated effort, which makes it very unlikely.

 

[virtusa]

You still do not understand the principles of decentralized and permissionless.

A long time ago there was a revolutionary ship called Titanic. It was unsinkable because there was a high tech "compartment locking" system. They even used the slogan "without God". Reality was that when the Titanic hit his first iceberg it went down. Thousands of people died.
So the invincible ship was not invincible at all.
The same thing can happen with crypto's. Nothing is excluded. Never say never.