Tag: banning bitcoin

Jun 17 2021

Banning Bitcoin Is Like Herding Cats

If the U.S. attempted to ban bitcoin, an endless digital game of whack-a-mole would ensue.In the world of media, “If it bleeds, it leads,” is still very much a fashionable trope. However, when it comes to Bitcoin, there’s a new trope in town: “If it misleads, it leads.”In a recent article for...

May 28 2021

Regulators Cannot Actually Ban Bitcoin

There are various aspects of the technology that make an outright ban on bitcoin unfeasible.“You’d have to shut down the internet.” Hester Peirce, Commissioner to the U.S. Securities and Exchange Commission (SEC) on implementing a Bitcoin ban.Although Bitcoin’s market capitalization has...

May 05 2021

Why You Shouldn’t Be Worried About A Bitcoin Ban

Although they may seem threatening, bans on Bitcoin have never worked and will continue to be circumvented by the network.Worried About A Ban? Then You Need Bitcoin More Than You ThinkSkeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies...

Feb 25 2021

The Utter Futility Of A Bitcoin Ban

Feb 25 2021 Published at Bitcoin Magazine under tags  banning bitcoin regulation

In recent days and weeks, U.S. Treasury Secretary Janet Yellen has been raising the alarm about what she perceives to be a rising “misuse” of cryptocurrencies, which she argues are used mainly “for...

The Utter Futility Of A Bitcoin Ban

Feb 25 2021 Published at Bitcoin Magazine under tags  banning bitcoin business

History has demonstrated that when regulators attempt to intrude on liberties, individuals find workarounds.In recent days and weeks, U.S. Treasury Secretary Janet Yellen has been raising the alarm about what she...

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