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yata69420 | 2 years ago
I'm not sure if you're aware, but "crypto" isn't some company that will be regulated. It's math being done on computer networks.
What you're proposing is making math illegal.
This has been tried before with encryption. It's not a winning argument.
If you are this threatened by a distributed ledger, maybe you need to rethink some of your beliefs.
colesantiago|2 years ago
Regulation in the crypto industry means that crypto tokens are securities, banning and wiping out crypto exchanges harbouring rampant fraud. Putting in place and protecting consumers from trying to pile their life savings into crypto pyramid schemes. Not treating crypto tokens as a currency which is the biggest issue.
Not banning cryptography.
Please don't intentionally misinterpret my argument to attack a strawman for your own liking.
yata69420|2 years ago
> Regulation in the crypto industry means that crypto tokens are securities
So cryptography is fine, unless it's part of a network that you don't like, used to secure a ledger that you don't like.
If you don't like it, then those ledger entries magically become "securities" and all that entails.
Why can't you let people have their worthless internet tokens without the government getting involved?
For anyone who watched "cryptocurrencies" come online, this is beyond stupid.