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You know what is also good for crime? Dollars! Everyone takes then. Even worse they are harder to trace. Do you see anyone wanting to ban the dollar or claim th

by x86x87 4y ago

You know what is also good for crime? Dollars! Everyone takes then. Even worse they are harder to trace. Do you see anyone wanting to ban the dollar or claim that it's good for crime?

thehappypm 4y ago
Maybe I should have been more specific: cyber-crime. Ransomware is a perfect use case for crypto.
- x86x87 4y ago
  Yes! CYBERcrime! Those criminals are so dumb that they cannot figure out how to ask for money any other way. Let's cherrypick one thing and throw the baby out with the bathwater. Also CC fraud that impacts all of us is done using crypto. Silly me.
  - thehappypm 4y ago
    You seem passionate about crypto. What real non-illegal use cases interest you?
    - x86x87 4y ago
      When you say stuff like real, non-illegal you close the door to conversation. With crypto you can exchange money with anyone in the world without an intermediary. Visa/Mastercard cannot ban you. This in itself is huge (most people think about this as an abstract problem that has low likelihood until it happens). There are no borders, there is no censorship. Sex work? Nope. The powers to be decided that's not allowed. Remember when OF wanted to ban all explicit content? MJ? Legal in a lot of places at state level. But you can only buy it with cash. Think about that for a sec: you're allowed by the local laws to do something buy you cannot do it. Does giving money to support people/orgs in underdeveloped countries that cannot afford to use the normal banking channels count as use case? Do you know what happened in Venezuela recently when their currency crashed and how the managed to stay afloat somehow? Do you understand inflation and how what is currently happening is just another form of taxation? Is inflation and central bank policies doomimg an economy a real use case? Have you heard about civil asset forfeiture? Abstract af until something like this happens to you. Is that a real use case?

by x86x87 4y ago

You know what is also good for crime? Dollars! Everyone takes then. Even worse they are harder to trace. Do you see anyone wanting to ban the dollar or claim that it's good for crime?

thehappypm 4y ago

Maybe I should have been more specific: cyber-crime. Ransomware is a perfect use case for crypto.

x86x87 4y ago
Yes! CYBERcrime! Those criminals are so dumb that they cannot figure out how to ask for money any other way. Let's cherrypick one thing and throw the baby out with the bathwater. Also CC fraud that impacts all of us is done using crypto. Silly me.
- thehappypm 4y ago
  You seem passionate about crypto. What real non-illegal use cases interest you?
  - x86x87 4y ago
    When you say stuff like real, non-illegal you close the door to conversation. With crypto you can exchange money with anyone in the world without an intermediary. Visa/Mastercard cannot ban you. This in itself is huge (most people think about this as an abstract problem that has low likelihood until it happens). There are no borders, there is no censorship. Sex work? Nope. The powers to be decided that's not allowed. Remember when OF wanted to ban all explicit content? MJ? Legal in a lot of places at state level. But you can only buy it with cash. Think about that for a sec: you're allowed by the local laws to do something buy you cannot do it. Does giving money to support people/orgs in underdeveloped countries that cannot afford to use the normal banking channels count as use case? Do you know what happened in Venezuela recently when their currency crashed and how the managed to stay afloat somehow? Do you understand inflation and how what is currently happening is just another form of taxation? Is inflation and central bank policies doomimg an economy a real use case? Have you heard about civil asset forfeiture? Abstract af until something like this happens to you. Is that a real use case?