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> I love the idea of a digital native currency. But I also love financial protections that have grown up over thousands of years. Yeah, this is a contrast/fric

> I love the idea of a digital native currency. But I also love financial protections that have grown up over thousands of years. Yeah, this is a contrast/friction that exists in the ecosystem. Some people just want something that is like a "digital native currency" that works kind of like banks today (with the same protections at least) but works across banks/applications and somehow also is at a fixed value. Others want "decentralized cryptocurrencies" that works the same as described before, but without any centralized control or issuance and without the "protections" as the protections can also be used against people, not just for. Neither is "right" or "correct", just two different views inhabiting the same ecosystem.

dmantis 5y ago
The second group doesn't touch the first group (e.g. just use coinbase custody and forget about that "unlawful anarchists"), but the first group always want to regulate the second. Like they doing something wrong voluntarily rejecting financial protection for their own property and asking for more privacy, independence and less taxes. Why not drop both protection and regulations for that protection from the second group and not bothering anyone?
- lifeisstillgood 5y ago
  Because the sound unregulated one looks like, walks like and talks like the first regulated one. Just imagine there were realtors split into two similar camps, and you bought your house only to find it was a hollywood facade and people just laughed when you complained. Nah - we have this nanny like state because there are millions and millions of people and despite what Libertarians say, they cant all pay that much attention all the time. Honestly the only way most of us make it through a year is because all the shit we rely on just does as it is expected. In short, if you can't trust one politician/bank/sewage plant it breaks faith in all politicians/banks/sewage plants - That's no good for anyone

dmantis 5y ago

The second group doesn't touch the first group (e.g. just use coinbase custody and forget about that "unlawful anarchists"), but the first group always want to regulate the second. Like they doing something wrong voluntarily rejecting financial protection for their own property and asking for more privacy, independence and less taxes. Why not drop both protection and regulations for that protection from the second group and not bothering anyone?

lifeisstillgood 5y ago
Because the sound unregulated one looks like, walks like and talks like the first regulated one. Just imagine there were realtors split into two similar camps, and you bought your house only to find it was a hollywood facade and people just laughed when you complained. Nah - we have this nanny like state because there are millions and millions of people and despite what Libertarians say, they cant all pay that much attention all the time. Honestly the only way most of us make it through a year is because all the shit we rely on just does as it is expected. In short, if you can't trust one politician/bank/sewage plant it breaks faith in all politicians/banks/sewage plants - That's no good for anyone