4 ms·
> What can crypto and blockchain legitimately offer that is better than what the current financial system offers? Cancellation resistance. Protection from opp
by tenpies 4y ago
> What can crypto and blockchain legitimately offer that is better than what the current financial system offers?
Cancellation resistance. Protection from oppressive governments trying to squash freedom. Protection from retroactive laws targeting previously legal transactions. Asset protection.
And look I agree with you. And everything I posted above carries a huge cost given the volatility of most cryptocurrencies, but unfortunately we live in times where if you truly care about freedom from tyranny, your behaviour is going to overlap heavily with criminal behaviour.
- colesantiago 4y agoI don't think evading sanction laws and taxes with crypto is a great use case and Stripe will be investigated and ordered to ban accounts doing this behaviour. So you're back to the current regulated system that works, is stable and is the best we have.