Have you considered the possibility that existing regulation is one of the barriers to use of cryptocurrencies?
Is it possible that there are uses for cryptocurrencies you have not iterated over in your comment?
If I suggest that sub-cent microtransactions are a use of cryptocurrency that I find useful and have implemented in a hobby project, I predict the response will be, "but that's not wildly popular, speculation and gambling are widespread!"
I don't accept that these widespread uses justify prohibition or over regulation. Even if we accept that these popular uses are worthy of prohibition, other developers should not be punished or unduly burdened because of the actions of the majority. This brings us back to the first point, if regulatory burdens are too high, individuals won't innovate.
>There’s nothing you can do with this stuff except speculate, gamble and build obfuscated Ponzis.
>Not offering these services seems like a positive outcome.
>has utterly failed to produce anything of technological or economic value
This reads as, "Prohibit everything I personally dislike or can't fully appreciate"
>Overseas sounds like a fine place to continue this...
"If you don't like it leave the USA", this ignores the chilling effects the US's regulations have around the globe.
> Have you considered the possibility that existing regulation is one of the barriers to use of cryptocurrencies?
Cryptocurrency has been largely unregulated since its inception and it's almost exclusively used for speculation and criminal activity. The barrier to use of cryptocurrency is that it provides nothing of value outside of those use cases, not regulation.
Look at the regulations already imposed on exchanges. Consider the legal and tax liabilities businesses take on by involving themselves with cryptocurrencies. Some nations have outright banned exchange of their national currency for cryptocurrency.
If cryptocurrencies were not burdened by regulations, there wouldn't be the same informal market for person to person, cash to cryptocurrency transactions.
Is it possible that there are uses for cryptocurrencies you have not iterated over in your comment?
If I suggest that sub-cent microtransactions are a use of cryptocurrency that I find useful and have implemented in a hobby project, I predict the response will be, "but that's not wildly popular, speculation and gambling are widespread!"
I don't accept that these widespread uses justify prohibition or over regulation. Even if we accept that these popular uses are worthy of prohibition, other developers should not be punished or unduly burdened because of the actions of the majority. This brings us back to the first point, if regulatory burdens are too high, individuals won't innovate.
>There’s nothing you can do with this stuff except speculate, gamble and build obfuscated Ponzis.
>Not offering these services seems like a positive outcome.
>has utterly failed to produce anything of technological or economic value
This reads as, "Prohibit everything I personally dislike or can't fully appreciate"
>Overseas sounds like a fine place to continue this...
"If you don't like it leave the USA", this ignores the chilling effects the US's regulations have around the globe.