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Payment digitization is inevitable. The benefits outweighs the costs for 95% of people. The realistic options are payment through dystopian surveillance apparat
by wyager 5y ago
Payment digitization is inevitable. The benefits outweighs the costs for 95% of people. The realistic options are payment through dystopian surveillance apparatus payment processors, or payment through bitcoin lightning (or similar).
- ska 5y agoIt's hard to imagine a plausible path to payment digitization without states asserting a) currency controls and b) some degree of visibility on transactions. I think on the latter they'll take a "well if anyone can see it, we should be able to " and "KYC is needed" etc. stance. The only way to avoid anyone seeing it will defeat (a) an not be acceptable to them. This would relegate to same status as any other black market, with better/broader tech.