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There is a contradiction when saying that cryptocurrencies are great for criminal endeavors but useless in the real world - because, clearly, the black market i
by cornholio 9y ago
There is a contradiction when saying that cryptocurrencies are great for criminal endeavors but useless in the real world - because, clearly, the black market is part of the real world. Illegal things are not necessarily immoral things - sometimes the reverse is true.
We should at no point compare unstable, 1st generation bubbly tokens with fiat cash at it exists today. We are fast entering an era of the cashless society: every transaction, every purchase ever done stored for the duration of your lifetime and up for grabs for the tax-man, law enforcement, any interested agency and any future repressive regime. Financial privacy is quickly becoming illegal and synonymous with money laundry.
Crypto is certainly a nice thing I would hope to exist in this brave new world.