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Case in point, marijuana and sex work/pornography, even where legal, are very often not permitted in the financial system and often have to deal directly with p
by anonporridge 5y ago
Case in point, marijuana and sex work/pornography, even where legal, are very often not permitted in the financial system and often have to deal directly with physical cash, and of course were some of the early adopters of cryptocurrency.
You don't have to find either of these use cases acceptable to understand the risk at play when the financial system can be used as a mechanism of control used to try to snuff out things the establishment upper class doesn't like without going through proper legal channels and kept in check by our elected representatives.
- nostrebored 5y agoIn both of these equations you’re expecting a payment rails at the time of transaction to understand both the product and the regulatory environment for that product at a given location. This is unreasonably complex. What you’re asking for is a way to make these disproportionately illegal transactions on demand at scale. This isn’t a position on technology, it’s a position on government.