> The government's going to say "But we need to take a stand against terrorists ... | Hacker News

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

login

azangru on March 11, 2022 | parent | context | favorite | on: Just Say No to Central Bank Digital Currencies

> The government's going to say "But we need to take a stand against terrorists / Russian oligarchs / drug kingpins" and then it ends up being used against successively lower and lower degrees of criminals, such as money launderers / tax dodgers / deadbeat dads / unpaid parking tickets, and eventually ends up targeting ordinary citizens.

Yes, absolutely. Unless bitcoin wins, I have no doubt whatsoever that this is what's going to happen.

civilized on March 11, 2022 [–]

Even if Bitcoin "wins", the government can go "you have two months to convert your BTC to FedCoin, after which BTC is illegal".

If we let the government do whatever, no technological moat is going to stop them.

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