▲ 3 points

Ask HN: Cryptocurrencies has now run its course. Time for a complete ban?

by colesantiago·4y ago·2 comments·view on hn ↗

13 years ago, Bitcoin was released and we still cannot use Bitcoin for payments or anything useful as it was originally intended. Even 'Satoshi' has reportedly 'given up' and has recently started selling NFTs himself. [0] [1]

I believe now is the time to strongly consider completely banning this experiment and stopping it altogether. We want to actually do something about this as I keep seeing scammers everywhere and it is starting to show up on ad banners in cities.

I am not even sure regulation would do or change anything as long as these cryptobros and scams still exist.

So how do we start to ban cryptocurrencies entirely?

[0] https://p2pfoundation.ning.com/forum/topics/bitcoin-open-source?commentId=2003008%3AComment%3A169634

[1] https://opensea.io/satoshinak

I really disagree with people who want to ban bitcoin. If you understood how Bitcoin works and why people adopt it, you'd realize you can't ban it. You can ban onramps and offramps but you can't ban mining and most nodes operate over TOR so you don't even know who's running it

I'm down with banning or regulating bitcoin.

I'm invested in Monero which is one of the untraceable options that everyone will switch to once the crackdowns begin.