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
> 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".

I really don't understand these arguments.

The law still applies whether or not you use cryptocurrency. Using cryptocurrency doesn't free someone from the consequences of their actions.

Illegal acts are still illegal acts.

>>Pragma+3B
If we have the government to weigh in on which transactions are legitimate or not, why do we need a distributed ledger? Cryptocurrencies are trustless, but if we can trust the government to rule on ownership fairly why do we need a trustless system?

>>initpl+FZ
>why do we need a distributed ledger?

well the most obvious answer to that question is, we don't.

>>Barrin+N21
Why do we need fiat currency where self-interested parties inflate the currency & pay themselves?

>>briant+5B1
Isn't crypto plagued with the same problems? Sure fiat isn't perfect but it doesn't look like crypto is solving any of those problems, as exemplified here.