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one of the best use cases is that it reduces the control state actors have using the banking system. Crypto can bypass arbitrary governmental walls for moving m

one of the best use cases is that it reduces the control state actors have using the banking system. Crypto can bypass arbitrary governmental walls for moving money across country borders. It can allow transactions that are banned or heavily discouraged (taxed) by govts. This will be illegal behavior, but not all things that are illegal are immoral. International wire transfers and even stock purchases require days to clear between entities. With blockchain those transactions are essentially instantaneous.

crispyambulance 5y ago
> but not all things that are illegal are immoral. It's fine to believe that but at this point the scams, tax-evasion, social-darwinism, techno-libertarian grift, and criminal enterprises are NOT the exception. They're very much the rule and dominate the way crypto works. Of course, somewhere buried deep in all that funny-money, there's genuine innovation begging to be used for a legit purpose. It doesn't look good for the future. I fear that the worst thing that could happen would be for crypto to continue along its current path and actually "replace" real currency retaining all it numerous dysfunctional and unethical properties. All it would take is for enough people to "get-rich" so they could F the rest.