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If "de-banking" gains popularity as a way to suppress and punish dissident populations[1][2], crypto stands to gain. There are still issues with traceability an
by blisterpeanuts 5y ago
If "de-banking" gains popularity as a way to suppress and punish dissident populations[1][2], crypto stands to gain. There are still issues with traceability and privacy but the basic technology seems pretty sound as an alternative to a state-run currency.
1. https://townhall.com/columnists/johnrlottjr/2022/02/23/canada-isnt-alone-in-using-debanking-as-a-weapon-against-political-opponents-n2603647 https://townhall.com/columnists/johnrlottjr/2022/02/23/canad...
2. https://www.businessinsider.com/mypillow-ceo-mike-lindells-bank-cuts-ties-with-him-2022-2 https://www.businessinsider.com/mypillow-ceo-mike-lindells-b...
- Ekaros 5y agoWouldn't those doing the "de-banking" also make it impossible for anyone to provide service to the "de-banked" or punish those who allow it to happen? After all they still need to live in physical world and ignoring some customers is easier than being hit for bigger fine than the gains or outright stopped from operating.