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Follow through writh that, what is the actual use case for "Censorship and central authority-resistant value transfers" is it legal, and are volatile ctypto tok

Follow through writh that, what is the actual use case for "Censorship and central authority-resistant value transfers" is it legal, and are volatile ctypto tokens good at it? IMHO: No and no. > money to be programmable in a way that both parties can trust is is a) money and b) how has that trust (AKA bug bounty) worked out? > Find the society-altering technology of the time and there will be people trying to deceptively use it to their own benefit, whether it hurts someone else or not. And the fact that it is full of scams does not make it "the society-altering technology of the time" > “But the fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown.

idiotsecant 4y ago
>Follow through writh that, what is the actual use case for "Censorship and central authority-resistant value transfers" is it legal, and are volatile ctypto tokens good at it? Is it legal? Maybe not. I'm not necessarily concerned with whether transfers are legal or not. From my point of view the most important property is that transfers of value work. Issues of whether governments approve of those transfers is less important to me. Are crypto transfers a good solution? Absolutely yes, IMHO. The fact that so much illegal transfer happens over, for example, Monero is the proof in the pudding that it is a good solution.
- SideburnsOfDoom 4y ago
  > Is it legal? Maybe not. I'm not necessarily concerned with whether transfers are legal or not. From my point of view the most important property is that transfers of value work. Work that through, "it's illegal banking infrastructure, but it works" and you assume that it's a) legit, not a scam, and b) it's going to continue working long-term despite being illegal. How is the appropriate regular going to fit in, or not? IDK why you have not joined the dots. > Are crypto transfers a good solution? Absolutely yes, IMHO. Comparted to what? Wise.com? SEPA (EU) ? NIBSS (Nigeria) M-pesa? If you're saying "but we don't have those, so.." then you're implying that better non-crypto solutions do exist in the world. Crypto is yet another attempt to "use technology to solve a social problem" that is best addressed another way.

idiotsecant 4y ago

>Follow through writh that, what is the actual use case for "Censorship and central authority-resistant value transfers" is it legal, and are volatile ctypto tokens good at it? Is it legal? Maybe not. I'm not necessarily concerned with whether transfers are legal or not. From my point of view the most important property is that transfers of value work. Issues of whether governments approve of those transfers is less important to me. Are crypto transfers a good solution? Absolutely yes, IMHO. The fact that so much illegal transfer happens over, for example, Monero is the proof in the pudding that it is a good solution.

SideburnsOfDoom 4y ago
> Is it legal? Maybe not. I'm not necessarily concerned with whether transfers are legal or not. From my point of view the most important property is that transfers of value work. Work that through, "it's illegal banking infrastructure, but it works" and you assume that it's a) legit, not a scam, and b) it's going to continue working long-term despite being illegal. How is the appropriate regular going to fit in, or not? IDK why you have not joined the dots. > Are crypto transfers a good solution? Absolutely yes, IMHO. Comparted to what? Wise.com? SEPA (EU) ? NIBSS (Nigeria) M-pesa? If you're saying "but we don't have those, so.." then you're implying that better non-crypto solutions do exist in the world. Crypto is yet another attempt to "use technology to solve a social problem" that is best addressed another way.