The political case for a blanket cryptocurrency ban
This article seems to intentionally ignore the core reason for cryptocurrencies; escaping inflation and control. The article then proposes to use the law to bring those people back within the control of fiat and government oversight.<p>I no longer think the environmental argument is really plausible here. Clearly crypto mining is emitting using a lot of power and some of that is CO2. But the competition is fiat; backed by fighter jets and nukes; literally. How is it that someone can&#x27;t steal your money? The bank makes sure. How is it the bank can be sure? The cops protect them. How is it the cops aren&#x27;t overwhelmed? The military protects them. Law and order stands on the backs of a lot of stuff and CO2. Bitcoin is an example of one little piece of this not needing all that stuff. Instead it&#x27;s protected by this mining fleet. And if you want to contest ownership there&#x27;s no one to invade, no one to attack; the best you can do is make a fleet and try to mine. It&#x27;s a small step in the direction of getting away from all these endless wars and control. A little step away from needing to point guns at eachother to protect our pile of stuff. And this author is saying &quot;point guns at them and make them give it up&quot;. That&#x27;s crazy. Just leave them alone.<p>(If you need to point guns to save the environment, do that specifically. Carbon tax CO2)