Thread: RIP Bitcoin

Originally Posted by baldrick

the real reasons for crypto's existence is a secure medium of exchange that cannot be controlled by government laws

99% of coins / tokens are effectively centralised and thus will be controlled by governments

if you do not have a chain that can be co-opted and you have decentralised exchange abilities , then the governments are just tilting at windmills

Well the US gubmint is working on that as well. They're sneakily pushing through a law this holiday period when no one is watching that will enforce strict AML on all exchanges. People gotta enter and exit with real money somehow and unless you're mining currency your only other option would be to do some dodgy black market deals at shitty rates and physical risk.

The noose is slowly tightening.

https://twitter.com/jchervinsky/stat...399904770?s=21