Quote from: Medusah on Today at 08:02:12 AM

Quote from: legiteum on May 23, 2024, 10:02:25 PM

They are only going after mixers and things like Monera. Why?

They are targeting mixers (not Monero) because they represent centralized points of failure that can be easily shut down. Monero, being decentralized, is what distinguishes it yet again. They are delisting it from major exchanges. The price only goes down a little bit, but the network keeps on going strong.

Last I checked a bunch of governments are going after Monera in various ways.

And I surely wouldn't use market price to determine an actual fact about something

. The bottom could fall out of Monera at any minute (I sure as heck wouldn't invest in it!).

Quote from: legiteum on May 23, 2024, 10:02:25 PM

We are in the same boat as any other digital currency, decentralized cryptos, centralized cryptos, and centralized digital currencies.

No, you're not. You're similar to a mixer, with the key difference that you would cooperate with authorities if they ask. Your customers can use Haypenny anonymously (through Tor), but it may not be long before authorities request you to enforce Know Your Customer (KYC) during user registration.
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How are we different than a centralized crypto like Ether? There are just a few entities who necessarily (PoS model) create the product. The government hasn't decided to shut them down even though they could very easily.

And of course, major governments could shut down Bitcoin too, and even effectively so, by reducing the price of Bitcoin by 99% by a simple government decree (we discussed in another thread how just a few words of threat for Donald Trump could absolutely sink the price of Bitcoin).

Of course if they went after Ether and the other centralized cryptos, the Ethereum lawyers would probably point out how unfair it is to target them exclusively, and not all of the other cryptos including Bitcoin. It would be selected prosecution (and pointless since there are other products that criminals are using instead).

Quote from: legiteum on Today at 03:27:41 AM

There are, unfortunately, some very bad people in the world, and governments need to do things to protect citizens from those people.

Lmao. It's no surprise you're not into Bitcoin.
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Because I don't love criminals? Seriously?

Also, what makes you think I'm "not into Bitcoin"? Just because I have a product that's better doesn't mean I hate the old one or something. Would you say that Elon Musk "hated Toyotas" when he started Tesla?

And the more you associate Bitcoin with criminality, like you did above, the lower it's prospects are for long-term survival. You've clearly never been hit by a cyber-extortion attack, or some other crypto-enabled crime, or know somebody who has, but if you did you sentiments would definitely change. And people are hit by these crimes every single day now. Fighting for the rights of criminals to do crime is a losing battle in the long run, because criminals will just get worse and worse.