Hacker News Reader

They hate it because they can't control it.

Remember, the payment processors and paypal all decided to cut off wikileaks and ban people who try to paypal money to them as punishment for exposing US war crimes.

Control of the currency is control of the populace. It's why crypto, is so wonderful, and everyone needs to accept it.

US gov stance on cryptocurrency, when described this way, is clear to me. “We will only accept X. We will monitor the use of Y as a means of value exchange among the citizenry, since we still want everyone to participate in X market and pay taxes in it[0].”

Less double-think, more orthogonality.

[0] a.k.a. “maintain a country”

But this only applies to businesses, and if you had a business relating to crypto you would at least i was reporting much less in dollar value other’s in my circle as-well. This regulation does nothing in slowing let alone killing bitcoin nor crypto.