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It also puts crypto in an interesting new light: circumventing sovereign governments and regulations was always a fool's errand in my opinion. But circumventing
by brundolf 5y ago
It also puts crypto in an interesting new light: circumventing sovereign governments and regulations was always a fool's errand in my opinion. But circumventing private payment providers that have decided to do extralegal morality-policing... that's a much more realistic and interesting thing to aim for.
- BLKNSLVR 5y agoTo make a minor nitpick, Bitcoin was created in response to the GFC bailouts, which was essentially forced government action as a result of private banking greed, fraud, and / or incompetence. The circumvention you mention is incidental, not primary. "Something better" was the, admittedly lofty, goal. And if not purely "something better" then at least "an alternative".
- young_unixer 5y ago> circumventing sovereign governments and regulations was always a fool's errand in my opinion. For big companies that have to respect laws anyway, yes, but it still brings lots of opportunities for regular people and small organizations that can fly under the government's radar.