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Not in the same sense. If I use Paypal for example, I can only spend my funds in whatever they decide I should be able to spend it on. They can freeze my accoun
by valcron1000 5y ago
Not in the same sense. If I use Paypal for example, I can only spend my funds in whatever they decide I should be able to spend it on. They can freeze my account at any point in time, no questions asked.
With crypto, the blockchain is just the infrastructure and no one can stop me from using my money.
Sometimes I wonder if people defending this kind of financial services are actually users. Doesn't seem so.
- lottin 5y agoPaypal is a legal entity and therefore subject to the same laws as you and me. They can't just do whatever they please. If they did prevent their customers from spending their own money or they freezed their accounts for no apparent reason, they wouldn't have any customers. Transaction processors on blockchains are not infrastructure, they are businesses and they can absolutely choose to not process your transactions.