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Most people using crypto - actually running nodes, creating contracts, and sending messages on the blockchain - prefer it to dealing with traditional bank trans
by whatisweb3 4y ago
Most people using crypto - actually running nodes, creating contracts, and sending messages on the blockchain - prefer it to dealing with traditional bank transfers and completely opaque centralized systems. It is often faster, easier, and cheaper to send USDC than USD, and it is far more programmable and extensible to develop an ERC20 contract than hope for a Stripe SDK or Shopify plugin.
People will still use it even if the government attempts to cut it off entirely. Net result is that legitimate users will be treated as criminal, and/or will be forced to use broken banking infrastructure.
- lern_too_spel 4y agoThey prefer it to systems that follow money transfer regulations. As soon as USDC transfers follow money transfer regulations, they become more expensive and slower than tradfi money transfers because decentralization has a cost. Net result is that crypto is only better if you ignore the law. The problem for crypto-suckers and crypto-hucksters is that the law won't ignore them.