Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Sure but bitcoin's value would be a lot less if it was only being used to skirt the abuses of third world regimes - and when those same third world regimes make illegal.

Most people who buy bitcoin today in the first world do so because it's made money for people.

Sure, in third world countries and elsewhere, people skirt or break the law on a regular basis. But they still don't it for kicks and they don't do it for "right to cryptocurrency", they do it because it will get them something and making crypto illegal will mean it gets people less and people use it less, reducing demand and price (minus the manipulation bitcoin experiences but at some point that manipulation won't be manageable).



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: