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This is wrong. Cryptocurrencies can be freely exchanged with anyone, anywhere unlike Cash which is only censorship-resistant for the transactions done in person

This is wrong. Cryptocurrencies can be freely exchanged with anyone, anywhere unlike Cash which is only censorship-resistant for the transactions done in person. Cryptocurrencies are more distributed in the sense that exchange rates are set by market not central banks. This means cryptocurrencies can have more permanent stability than cash. Though at the moment none of the cryptocurrencies do. But as the adoption increases so will stability.

kijin 11y ago
Cryptocurrencies are only censorship-resistant for people who can afford a secure and well-maintained computing device and whose internet connection cannot be arbitrarily blocked or filtered by governments and corporations. On today's Earth, this group of people is vastly smaller than the number of people who can carry out cash transactions in person, not just because of poor adoption, but because of a fundamental UX problem. Does it matter who sets the exchange rate when the more pressing concern is who controls your ability to participate in the network in the first place? You can set your own exchange rates, too, if you're really serious about it. It will be $10 for this wad of marijuana, not $15 like this other guy says, thank you very much.
- meanduck 11y ago
  > Cryptocurrencies are only censorship-resistant for people who can afford a secure and well-maintained computing device https://en.bitcoin.it/wiki/Hardware_wallet https://en.bitcoin.it/wiki/Hardware_wallet > and whose internet connection cannot be arbitrarily blocked or filtered by governments and corporations. I am not aware of even one instance where bitcoin or anyother protocol has been successfully blocked. > On today's Earth, this group of people is vastly smaller than the number of people who can carry out cash transactions in person, not just because of poor adoption, but because of a fundamental UX problem. Yet. There is no reason why cant UX be n00b-friendly or may be it already is. Low adaption is probably due to either people are unaware or there is lot mis-information. Anycase, adoption is steadly increasing. > Does it matter who sets the exchange rate when the more pressing concern is who controls your ability to participate in the network in the first place? Its not. None can control participation. Thats why dark markets deal in bitcoin. > You can set your own exchange rates, too, if you're really serious about it. It will be $10 for this wad of marijuana, not $15 like this other guy says, thank you very much. Considering there are zillion laws regulating money flow between any given two parties, I doubt it would look as appealing as a widely-accepted crytocurrency.
dredmorbius 11y ago
Cash is censorship resistant through intermediaries or bagmen (or women). E.g., at a cost. Various arrangements are possible to allow reliable remote transactions without identification.

kijin 11y ago

Cryptocurrencies are only censorship-resistant for people who can afford a secure and well-maintained computing device and whose internet connection cannot be arbitrarily blocked or filtered by governments and corporations. On today's Earth, this group of people is vastly smaller than the number of people who can carry out cash transactions in person, not just because of poor adoption, but because of a fundamental UX problem. Does it matter who sets the exchange rate when the more pressing concern is who controls your ability to participate in the network in the first place? You can set your own exchange rates, too, if you're really serious about it. It will be $10 for this wad of marijuana, not $15 like this other guy says, thank you very much.

meanduck 11y ago
> Cryptocurrencies are only censorship-resistant for people who can afford a secure and well-maintained computing device https://en.bitcoin.it/wiki/Hardware_wallet https://en.bitcoin.it/wiki/Hardware_wallet > and whose internet connection cannot be arbitrarily blocked or filtered by governments and corporations. I am not aware of even one instance where bitcoin or anyother protocol has been successfully blocked. > On today's Earth, this group of people is vastly smaller than the number of people who can carry out cash transactions in person, not just because of poor adoption, but because of a fundamental UX problem. Yet. There is no reason why cant UX be n00b-friendly or may be it already is. Low adaption is probably due to either people are unaware or there is lot mis-information. Anycase, adoption is steadly increasing. > Does it matter who sets the exchange rate when the more pressing concern is who controls your ability to participate in the network in the first place? Its not. None can control participation. Thats why dark markets deal in bitcoin. > You can set your own exchange rates, too, if you're really serious about it. It will be $10 for this wad of marijuana, not $15 like this other guy says, thank you very much. Considering there are zillion laws regulating money flow between any given two parties, I doubt it would look as appealing as a widely-accepted crytocurrency.

dredmorbius 11y ago

Cash is censorship resistant through intermediaries or bagmen (or women). E.g., at a cost. Various arrangements are possible to allow reliable remote transactions without identification.