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Comment by seibelj | Hacker News Reader

Laws are only enforced if we all believe they are just. The government can say whatever it wants, but throughout history citizens have ignored / disagreed with laws and they have changed as a result. I don’t even have to mention current protests for a recent example.

If you don’t understand this technology then it’s easy to be naïve. Check out https://tornado.cash/ It is an unstoppable contract to facilitate monetary anonymity! Good luck

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So which is it? Are the laws unenforceable in the face of this 13-year-old technology, or are they enforceable but unpopular (and if so, why deal with all this cryptocurrency stuff instead of just lobbying hard to change unpopular anti-money-laundering laws directly?)

There was a reason Poloniex pulled out of the US last year, right? What was that reason?

And remember- if your paycheck depends on this technology- or, particularly, if you hold lots of cryptocurrency- it's easy to be willfully naive about its potential.

People have used crypto to sidestep laws for 13 years. The laws don’t matter.

If not for legal reasons, why is Poloniex no longer operating in the United States?

Poloniex has moved to the Seychelles, which is the “Land of the Free”. If you don’t desire the protections offered by the Seychelles, please use Coinbase. What’s wonderful about the crypto industry is you can voluntarily choose the exchange you like!

Sorry for being unclear- I meant why (i.e. what was the reason for the decision, not where did they move to) did Poloniex move from the United States to the Seychelles, and stop allowing users from the United States?

due to US laws. Same reason Bitmex is moving to requiring KYC and Binance created a US only site - to avoid getting sued/shut down.

> Laws are only enforced if we all believe they are just

That's not even approximately true.

Laws are only enforced if there are people that think that it's worth enforcing them and who have the means (which usually i closed government sanction) to do so, which often happens when far less than all of the governments constituents think the laws involved are just.

As I stated in the original comment, cryptocurrency violates innumerable laws every time a block is produced, but governments have not shut them down. The laws are already not being enforced!

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