Crypto-Luddites

And as one martial arts guru famously said: The martial arts are a weapon that nobody can take away from you. Nobody sees it until you use it, and this weapon is always with you and always ready for use. Just train yourself to remember those 12 words =)

Banning crypto-currencies or ICOs in particular countries is the worst thing that lawmakers can do for their country’s entrepreneurs, and the economic climate as a whole.

You can’t ban something just because some scammers have discovered a new tool for cheating people. You can’t ban cars just because there are a lot of car accidents, or ban knives because murderers kill people with them, or ban cell phones because there are so many cell-phone scams.

You can’t ban ICOs just because scammers are anxious to deceive others. We have all the laws — no matter what tools the scammer is using, a scam remains scam. Find him and enforce the law that’s already there.

Blockchain and crypto is an inevitable process, and once the free flow of information exists, no matter whether countries spy on it or not, it will inevitably proceed and change the way we live. The world will adopt cryptocurrencies sooner rather than later, and countries who don’t understand it, will be out of the new economic growth cycle.

The consequences for countries that try to stop it with laws ( that can never be enforced with open borders, not including North Korea) will be devastating.

People will find a way, as the last resort they will immigrate — the brain drain will increase, and people will find themselves in better places to do business and develop their human potential.

It’s good to own crypto currency. Not because of the hype, but because this is the real thing: something that you can really possess, no matter what, no matter where, no matter who you are.

Luddites, smashing a loom