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1 and 2 are solved by a decent credit union. 3 is solved by a decent credit card, 4 and 5 are solved by Apple/Google Pay. None of these require a cryptocurrency

1 and 2 are solved by a decent credit union. 3 is solved by a decent credit card, 4 and 5 are solved by Apple/Google Pay. None of these require a cryptocurrency.

BubRoss 7y ago
What about using your money electronically without permission from a large organization?
- NeedMoreTea 7y ago
  How does a Facebook currency help here?
  - BubRoss 7y ago
    The comment I replied to said cryptocurrency.
    - NeedMoreTea 7y ago
      Libra is a cryptocurrency from Facebook, and intended as a token of exchange is also a currency. (Did that really need spelling out?) Thus the cryptocurrency Libra is no help at all shielding you from the permission of large corporations.
      - BubRoss 7y ago
        The comment I replied to just said cryptocurrency, so I was talking about cryptocurrency in general, not libra specifically (Did that really need spelling out?). Also some centralized cryptocurrencies still use keys and random addresses, which means they work by default unless the addresses are blacklisted.
- jonahhorowitz 7y ago
  I think that's generally unsolved since right now you can't convert currency into _any_ cryptocoin without KYC (know your customer).
  - stallmanite 7y ago
    Sure you can, buy mining equipment and wait. Localbitcoins also didn’t involve KYC AML last time I tried it.
    - lacker 7y ago
      Localbitcoins now requires KYC. https://localbitcoins.com/blog/id-verification-update/ https://localbitcoins.com/blog/id-verification-update/
  - BubRoss 7y ago
    That at least is permission for that transaction and then you're on the other side. Cash cryptocurrency ATMs could be considered one way if they don't require anything more than cash.
- zanny 7y ago
  The large organizations you want to do business with want confidence provided by large organizations as to the authenticity of your transactions and the legitimacy of your payment method. Practically every store that took bitcoin used bitpay as an intermediary so they never actually held any btc. They just had someone else turn it into USD and send them the money.
  - BubRoss 7y ago
    That is completely different. Someone paying to those places could do it without permission, you are talking about the places recieving. Also those businesses also didn't need to use bitpay to receive anything but they could for convenience.
- wolfgke 7y ago
  > What about using your money electronically without permission from a large organization? Does Libra solve this problem?

1 and 2 are solved by a decent credit union. 3 is solved by a decent credit card, 4 and 5 are solved by Apple/Google Pay. None of these require a cryptocurrency.

BubRoss 7y ago

What about using your money electronically without permission from a large organization?

NeedMoreTea 7y ago
How does a Facebook currency help here?
- BubRoss 7y ago
  The comment I replied to said cryptocurrency.
  - NeedMoreTea 7y ago
    Libra is a cryptocurrency from Facebook, and intended as a token of exchange is also a currency. (Did that really need spelling out?) Thus the cryptocurrency Libra is no help at all shielding you from the permission of large corporations.
    - BubRoss 7y ago
      The comment I replied to just said cryptocurrency, so I was talking about cryptocurrency in general, not libra specifically (Did that really need spelling out?). Also some centralized cryptocurrencies still use keys and random addresses, which means they work by default unless the addresses are blacklisted.
jonahhorowitz 7y ago
I think that's generally unsolved since right now you can't convert currency into _any_ cryptocoin without KYC (know your customer).
- stallmanite 7y ago
  Sure you can, buy mining equipment and wait. Localbitcoins also didn’t involve KYC AML last time I tried it.
  - lacker 7y ago
    Localbitcoins now requires KYC. https://localbitcoins.com/blog/id-verification-update/ https://localbitcoins.com/blog/id-verification-update/
- BubRoss 7y ago
  That at least is permission for that transaction and then you're on the other side. Cash cryptocurrency ATMs could be considered one way if they don't require anything more than cash.
zanny 7y ago
The large organizations you want to do business with want confidence provided by large organizations as to the authenticity of your transactions and the legitimacy of your payment method. Practically every store that took bitcoin used bitpay as an intermediary so they never actually held any btc. They just had someone else turn it into USD and send them the money.
- BubRoss 7y ago
  That is completely different. Someone paying to those places could do it without permission, you are talking about the places recieving. Also those businesses also didn't need to use bitpay to receive anything but they could for convenience.
wolfgke 7y ago
> What about using your money electronically without permission from a large organization? Does Libra solve this problem?