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> people who don't have access to bank accounts or are undocumented how horribly they are treated and marginalized then come back and see what is and isn't a po
by einpoklum 6y ago
> people who don't have access to bank accounts or are undocumented how horribly they are treated and marginalized then come back and see what is and isn't a ponzi scheme.
Are you saying that the use of BitCoin significantly improves the situation of people without access to bank accounts? Or - that it has the theoretical potential to do so? If it's the former - then I disagree, if for no other reason than for the inability to exchange most things for BitCoin. As for the theoretical claim - you need to first prove that BitCoin is likely to become acceptable on a similar level as fiat currency, and moreover, that there are enough compelling usage scenarios for BitCoin over cash.
For undocumented immigrants, you will need to go to even more effort, because they can use their bank account at their country of origin.
About operation chokepoint - I understand there was an argument regarding the lack of due process in targeting certain companies, but - did it target individuals? In what way?
Now, indeed, governments do prefer capitalist interests to popular interests more often than not. But I don't see why this bolsters your argument. BitCoin is not useful not because the US government or other governments are great; and Mr. Varoufakis argued as much.
About "System D" - please post a link to what you mean, because I don't follow.