Showerthought: All attempts to regulate bitcoin to enforce fiat’s financial laws (AML etc.) is like trying to enforce border protection laws (VISAs for entry, illegal aliens, import/export laws etc.) in a world where teleportation technology has been invented and is freely accessible to everyone.


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Also, fiat's counterpart in that scenario would be the old ways of travel, i.e. by air, sea, or land, using vehicles.

Just thought of this in light of the recent BTC-e fiasco, where the United States had a Russian citizen arrested in Greece, for violating US laws while running a foreign business.

Not that I doubt they will actually try to still enforce all those laws if teleportation is actually invented. Can you imagine the shitshow that will commence in trying to do so?

submitted by /u/bit_LOL
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