Hacker News new | past | comments | ask | show | jobs | submit login

> tax evasion detection

My point was never tax evasion. It’s that saying Bitcoin can’t be banned implies acceptance of breaking the law via money laundering and tax evasion. What I said would be true if every crypto holder today paid taxes or none.

> Why is it so scary to have some potential alternatives available?

The alternative is causing clear and present harm. This only contemplates a PoW ban. That seems reasonably constrained. (Crypto protects against currency crashes as well as the British pound. When Argentina hyper inflates, its population is no less unemployed for having the dollar.)




1) Short of blocking communications and/or electricity, there is no technical switch you can flip to ban something that can be decentralized like Bitcoin mining. That's why I used the word technical above. We're in agreement that you can actually try to ban Bitcoin mining by jailing/shooting/seizing/destroying various people and things, I just don't want to do that.

2) We're probably going to disagree sharply here, but I don't believe that climate change is causing clear and present harm. And if it was, nuclear energy is the solution to it, which many environmentalists desperately reject to the point of destroying their countries. I can't take climate change peoples' ideas seriously when they reject the only workable solution to the problem they claim will cause great harm.

3) PoW is a proven system that has been proven to work, no pun intended. PoS solutions are extremely interesting, but have security and centralization concerns and have not been proven as workable in the same way as PoW. Going from PoW to PoS is not necessarily a magic solution for anything and might ruin something good for humanity. Maybe Ethereum pulls it off and there's no long-term changes or problems, but nothing has been proven yet.


> there is no technical switch you can flip to ban something that can be decentralized like Bitcoin mining. That's why I used the word technical above

Fair enough. Though by that definition, hardly anything is technically banned. Many things simply practically are.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: