Basically, I don’t know what legitimate use crypto has for those who aren’t trying to break the law in some way. Whether the law is restricting contraband items (drugs and weapons and stolen information) or taxes or international funds transfers.
Or banning prediction markets. A prediction market would have allowed business owners last year to effectively insure themselves against lockdowns.
If you buy a drug on Hydra there’s independent quality testing. If you buy a generic drug or supplement in an US pharmacy under the watch of the FDA there isn’t independent quality testing. Hydra does human trials for this that might be illegal to do in the US in the unbureocratic way Hydra does them.
Sure. But everything you said is illegal. Maybe not immoral but not legal. And maybe we would have a better world where people could do these types of illegal things without the government being able to stop them. But my major point is the government has to stop them—it can’t permit widespread flouting of its authority—and it has a mechanism to do so. Just order banks to not allow funds transfers into crypto exchanges. You could get around this by finding a black market crypto seller and paying cash, but this would still basically kill crypto.
Or banning prediction markets. A prediction market would have allowed business owners last year to effectively insure themselves against lockdowns.
If you buy a drug on Hydra there’s independent quality testing. If you buy a generic drug or supplement in an US pharmacy under the watch of the FDA there isn’t independent quality testing. Hydra does human trials for this that might be illegal to do in the US in the unbureocratic way Hydra does them.
Sure. But everything you said is illegal. Maybe not immoral but not legal. And maybe we would have a better world where people could do these types of illegal things without the government being able to stop them. But my major point is the government has to stop them—it can’t permit widespread flouting of its authority—and it has a mechanism to do so. Just order banks to not allow funds transfers into crypto exchanges. You could get around this by finding a black market crypto seller and paying cash, but this would still basically kill crypto.
People have argued that for a while and it hasn’t happened.
It took a long time for the government to prohibit hard drugs and machine guns. Crypto is brand new and was a little known toy less than a decade ago.