That's the same game though: if I know a guy who can get me weed or whatever, I will know a guy who can get me bitcoin.
And since there is no physical product or evidence it's actually much easier, my friend from Amsterdam will have a lot of trouble bringing me weed, he will have zero difficulty sending $100 worth of BTC to an address I give him.
The idea that you can just ban things and they will go away should have died with alcohol prohibitions. I guess at least no one will get killed in a war on crypto...
How does your friend from Amsterdam convert his crypto to Euros? The value of crypto more or less relies on there being an off-ramp to local currency. Also he should use Monero!
Where does the clean money to exchange for crypto come from if there's no legitimate on-ramp and off-ramp? You could at least exchange drugs and alcohol for dirty fiat.
LatteLazy|3 years ago
And since there is no physical product or evidence it's actually much easier, my friend from Amsterdam will have a lot of trouble bringing me weed, he will have zero difficulty sending $100 worth of BTC to an address I give him.
The idea that you can just ban things and they will go away should have died with alcohol prohibitions. I guess at least no one will get killed in a war on crypto...
vangelis|3 years ago
sph|3 years ago
US has tried the ban hammer both for alcohol and then for drugs, how has that worked out for them?
That would just create a massive underground black market, this time even more pernicious because it's international, with state-level actors.
vangelis|3 years ago