Nobody is proposing banning blockchains. Cryptocurrency, however, is clearly more than just software in the way missile-targeting system is more than ones and zeroes.
Nobody is proposing banning blockchains. Cryptocurrency, however, is clearly more than just software in the way missile-targeting system is more than ones and zeroes.
The block reward is the incentive for miners/stakers to operate a decentralized network. It is not a separate concept. The actual value of each reward is emergent. It is the result of resources being used to operate the network, and how we value that network. If we don't value the network enough, the value of the block reward will drop below the resources required to maintain it. I don't see why any external party should dictate how we may value that block reward or network.
> the way missile-targeting system is more than ones and zeroes.
This is an irrelevant comparison attempting to moralize software by comparing it to a weapon.
The moment that reward becomes a currency, and is traded for U.S. dollars, it leaves the domain of just being software. Banning that is quite different from banning the software per se.
> an irrelevant comparison attempting to moralize software by comparing it to a weapon
Comparing Bitcoin to free software seems similarly disingenuous.
Furthermore, giving someone US dollars for something doesn't make that thing a "currency."
> Comparing Bitcoin to free software seems similarly disingenuous.
Bitcoin is literally FOSS.
That would make Eve online, Second Life, and other games illegal since people trade their digital assets all the time
>Comparing Bitcoin to free software seems similarly disingenuous.
Bitcoin is free software. https://github.com/bitcoin/bitcoin
Some guy in Nigeria I don't know starts swapping it for Zimbabwe dollars. Now I'm not writing software anymore?