Post
Topic
Board Wallet software
Re: Wasabi blacklisting update - open letter / 24 questions discussion thread
by
Poker Player
on 19/07/2022, 10:11:56 UTC
Let's assume your statement regarding Bitcoin price was valid; what does it matter?
If it is higher or lower, in the end what ultimately counts in my opinion, is if Bitcoin is good money. This can be achieved at a price of $100,000 or $1,000 per coin; doesn't matter since we have enough decimal places.

It does matter.

An invention that in theory is very good, because it is decentralized, autonomous and limited in its production, for it to be really good it lacks that people believe in it and that is reflected in the price.

If the price of Bitcoin were $0.01 today, after 13 years, it would still be a good invention in theory but bad in practice. And this forum would be long dead, for example.

Wasabi actually didn't start to blacklist anything yet, and from some information I am getting they are not even going to start doing that in near future.
All this operation appears to be decoy tactics, while in background they needed to buy some time while moving from Gibraltar to Seychelles.
That wouldn't make any sense: they could have quietly moved from one tax haven to an even bigger tax paradise without supporting and encouraging the foolish concept of tainted Bitcoins.

I am not clear on that either, as for example crypto casinos, which have tax havens licenses (most of them) are imposing more and more KYC requirements and some blacklisting mixed coins as reflected in n0nce's thread. And there would be no sense in all the explanations given to then change to a freer site, so to speak, and then going back on what was said.