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I really don't see how it could ever be a financial system. It would require regulation, control and identification. It requires a central and powerful supervis
by tgv 5y ago
I really don't see how it could ever be a financial system. It would require regulation, control and identification. It requires a central and powerful supervisor per country. It would render the system at most equally accessible, possibly less.
If you want a bank with a publically accessible ledger, fine, build it, or have your government publish all banking transactions. But don't pretend bitcoin can be an alternative to the current banking system.
- k__ 5y agoI talked to people from Argentinia, Nigeria, and Venezuela. They have all this tradfi regulation, and it's shit. I think, some people are just a bit blinded by living in the handful of countries that have systems which actually work.
- tgv 5y agoMy point is: you won't be able to avoid "tradfi" regulation. It's there for a reason, and it will be implemented. It's one of the government's sources of income.