zlacker

>>mikeyo+(OP)
Shouldn't all true crypto believers hate this news?

It's the government trying to enforce their opinion of who should own those Bitcoins, thereby taking power away from the owner that the network has decided on, which would be "whoever has the cryptographic keys".

>>fxtent+35
Obvious no-true-scotsman. Believing that the goal of crypto is to circumvent laws regarding possession and theft is at most a fringe belief. The fact that this is at the top of HN demonstrates how devoid of merit crypto discussion here is.

>>TTProg+mo
Circumventing property law has absolutely been a selling point of crypto, front and center, since its inception. The real no-true-Scotsman is saying, "Those who want an extra-governmental system of property aren't the real crypto fans." Yes, they are.

In reality, crypto's true purpose is a moving target, so it can never be criticized because that's not what crypto is really about.

>>Santal+fE
> In reality, crypto's true purpose is a moving target, so it can never be criticized because that's not what crypto is really about.

Bitcoin is a tool. Like hammer or a shotgun. You can use it whatever way you want. There is no centrally defined "purpose".

>>repomi+HI
This is the Adolf Eichmann defense. Trains are just tools, and he was making them run on time.

Any infrastructure has a purpose. It’s fair to ask why Bitcoin exists and whose project it is.