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> The main point of crypto these days appears to be... Maybe you can ask people who get their funds randomly blocked and restricted by PayPal and seized for mo

> The main point of crypto these days appears to be... Maybe you can ask people who get their funds randomly blocked and restricted by PayPal and seized for months/years while an "investigation" takes place if there's any use-case for crypto. Maybe you can ask ordinary Russian citizens what their legal protections are worth once they've been un-personed by the world. Or perhaps you can ask Canadian mandate protesters what their legal protections in their currency are worth at their bank middlemen.

rrdharan 5y ago
Crypto has not helped any of these people.
- logicalmonster 5y ago
  Is it not possible to hypothesize how cryptocurrencies afford them options that other financial tools do not?
  - the_gastropod 5y ago
    Do you know the reasons traditional financial services do not afford such options?
    - deleted 5y ago
      [deleted]
  - lostcolony 5y ago
    I can hypothesize those...and then also hypothesize a counter as to why it won't help, for long at least. Maybe you'd like to counter with an actual example of how it's enabled them, and why increased regulation of the crypto space won't prevent that (i.e., "I was able to buy a Domino's pizza with donated crypto" - additional regulation that would prevent you from traditional banking could also make such crypto, with its traceable history, be unspendable. They can't take it from you, but they can levy the same threats they do for people who ignore sanctions, which would mean crypto you've touched is now effectively untradeable amongst regulated businesses).
Spooky23 5y ago
How about the people who saw crypto wealth disappear with the ebb and flow of the cybercrime and money laundering industry? Or the people who will inevitably be fleeced when the main settlement token is an outright fraud which implodes?
JaimeThompson 5y ago
>Maybe you can ask ordinary Russian citizens what their legal protections are worth once they've been un-personed by the world. Their own government will "un-person" them for converting Rubles into crypto too.

rrdharan 5y ago

Crypto has not helped any of these people.

logicalmonster 5y ago
Is it not possible to hypothesize how cryptocurrencies afford them options that other financial tools do not?
- the_gastropod 5y ago
  Do you know the reasons traditional financial services do not afford such options?
  - deleted 5y ago
    [deleted]
- lostcolony 5y ago
  I can hypothesize those...and then also hypothesize a counter as to why it won't help, for long at least. Maybe you'd like to counter with an actual example of how it's enabled them, and why increased regulation of the crypto space won't prevent that (i.e., "I was able to buy a Domino's pizza with donated crypto" - additional regulation that would prevent you from traditional banking could also make such crypto, with its traceable history, be unspendable. They can't take it from you, but they can levy the same threats they do for people who ignore sanctions, which would mean crypto you've touched is now effectively untradeable amongst regulated businesses).

Spooky23 5y ago

How about the people who saw crypto wealth disappear with the ebb and flow of the cybercrime and money laundering industry? Or the people who will inevitably be fleeced when the main settlement token is an outright fraud which implodes?

JaimeThompson 5y ago

>Maybe you can ask ordinary Russian citizens what their legal protections are worth once they've been un-personed by the world. Their own government will "un-person" them for converting Rubles into crypto too.