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> 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 regul
by 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.