This is an insane law. I thought it was an anachronism from the 1933 law but nope they kept it in as late as 2023.

elictronic 4 days ago | parent | next [-]

There were terror attacks which caused significantly increased regulations towards them. We saw the exact same thing in the United States after the airplane strikes on the World Trade Centers but focused on air travel restrictions.

Laws follow events. This is what will eventually kill bitcoin, when someone sets up payments for the deaths of world leaders or large scale population deaths and it actually works. At that point the financial gain of participants is outweighed by everyone else calling for it's removal.

	▲	Mistletoe 3 days ago \| parent [-]
		That won’t kill Bitcoin. It’s decentralized. You truly can’t kill it. That's the beauty of building decentralized applications and it's the answer whenever some tech bro wonders why "a central relational database" wouldn't be better than Bitcoin. Yes we know it would perform better but that's not the point and not what it was engineered for.

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mikestew 4 days ago | parent | prev [-]

Wouldn’t want any revolutionaries communicating over uncontrolled channels that the government can’t switch off. At least that’s what I assume the law is trying to prevent.

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whatsupdog 4 days ago | parent [-]

India has a big terrorism problem. It's easier to see everything from a western perspective.

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nradov 4 days ago | parent [-]

As if Western countries don't have terrorism problems?

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whatsupdog 4 days ago | parent [-]

Not as bad as India.

	▲	boxed 3 days ago \| parent [-]
		The west just likes to pretend the problem isn't real.