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Replace ‘blockchain-powered “pseudo-currencies”’ with “cash”, and the same is true. Better outlaw cash. This thread is not about BTC…
by haswell 5y ago
Replace ‘blockchain-powered “pseudo-currencies”’ with “cash”, and the same is true. Better outlaw cash.
This thread is not about BTC…
- crummy 5y agoIsn't that why we don't have $10,000 notes? Or even $500? To make illegal activity more difficult?
- dvt 5y ago> Replace ‘blockchain-powered “pseudo-currencies”’ with “cash”, and the same is true. Better outlaw cash. You can't be serious. Ad hoc cash transfers are regulated (can't bring more than $10k across borders without declaring, for example), supply is limited, and bills have literal serial numbers on them.
- haswell 5y agoCrypto is a relatively new technology. Illegal money is as old as civilization. Yes, there are regulations to make it harder to carry out elicit business, but that doesn’t change history, nor does it invalidate the point I was trying to make.
- xvector 5y agoAnd yet a ton of illegal activity is performed with cash. On one hand, some cryptos (not Solana) are useful for illegal activities. On another, they’re also useful for privacy, censorship resistance, and financial freedom. It’s no different than the argument against E2EE, but I’d rather live in a society with E2EE than without.
- kgraves 5y agoWe have Paypal / Bank Transfers to send money quickly, BTC is a slower way of sending money. What is your point?
- api 5y agoMy favorite Bitcoin joke: "so it's full of fraud, scams, Ponzi schemes, money laundering, and is heavily used to buy drugs and contraband... so this means it's a real currency now?"