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So the use cases you're going with are: * Wire transfers * Paying for porn * Avoiding civil asset forfeiture I think 99% of people watch free/ad-supported p

by bogwog 4y ago

So the use cases you're going with are: * Wire transfers * Paying for porn * Avoiding civil asset forfeiture I think 99% of people watch free/ad-supported porn, and anyone concerned about civil asset forfeiture is likely either a criminal, or a conspiracy theorist and/or paranoid schizo (i.e. a small minority of the population). Wire transfers are a legitimate use-case maybe. I don't really know much about that as I've never personally had to do it. But if that's the only legitimate use case for cryptocurrency, then it's probably a better idea to try and improve the efficiency of traditional wire transfers than to use fake money that's a magnet for fraud/scams/crimes. > Blockchain tech is here to stay. This I agree with. Blockchain as a general technology is useful, but not for financial products/services.

eastbound 4y ago
> Wire transfers Wise or CurrencyFair take your money on a local account anywhere on the globe, and deposit it anywhere else with a local currency from a local account. Rates are within 0.5% of the currency exchange, and no fixed or percentage fee, no wire fee since it’s all local accounts (it’s an example / please check the terms / this is not financial advice). I honestly don’t see what’s there to save with crypto. Fees for credit card transactions are often 5 times above (2.5%).
- Kinrany 4y ago
  Unless you live in one of the countries they don't want to touch.
x86x87 4y ago
> I think 99% of people watch free/ad-supported porn Huh. You'd be surprised. > anyone concerned about civil asset forfeiture is likely either a criminal, or a conspiracy theorist and/or paranoid schizo This right here is the problem. Your argument goes along the lines of: I am doing nothing wrong/illegal therefore I have nothing to worry about. This assumes perfect laws, perfect law enforcement and following proper procedures. Sorry to burst your bubble but this is not how the real world works. You don't need to prove anything and you shouldn't just throw away your rights because you want to prove you're not schizo. In the case you are a criminal, should the punishment fit the crime and should there be due process or are we just going to throw anyone that breaks a law, any law in jail and sentence them to death? How many laws do you break during a day? https://www.businessinsider.com/most-commonly-broken-laws-in-america-2013-10?op=1 https://www.businessinsider.com/most-commonly-broken-laws-in... Should the government just come in an take all your stuff now because they suspect you've connected to an unsecured wifi? They don't even need to prove anything and poof... your stuff is gone. this is civil asset forfeiture. This is how dumb it is.

by bogwog 4y ago

eastbound 4y ago

> Wire transfers Wise or CurrencyFair take your money on a local account anywhere on the globe, and deposit it anywhere else with a local currency from a local account. Rates are within 0.5% of the currency exchange, and no fixed or percentage fee, no wire fee since it’s all local accounts (it’s an example / please check the terms / this is not financial advice). I honestly don’t see what’s there to save with crypto. Fees for credit card transactions are often 5 times above (2.5%).

Kinrany 4y ago
Unless you live in one of the countries they don't want to touch.

x86x87 4y ago

> I think 99% of people watch free/ad-supported porn Huh. You'd be surprised. > anyone concerned about civil asset forfeiture is likely either a criminal, or a conspiracy theorist and/or paranoid schizo This right here is the problem. Your argument goes along the lines of: I am doing nothing wrong/illegal therefore I have nothing to worry about. This assumes perfect laws, perfect law enforcement and following proper procedures. Sorry to burst your bubble but this is not how the real world works. You don't need to prove anything and you shouldn't just throw away your rights because you want to prove you're not schizo. In the case you are a criminal, should the punishment fit the crime and should there be due process or are we just going to throw anyone that breaks a law, any law in jail and sentence them to death? How many laws do you break during a day? https://www.businessinsider.com/most-commonly-broken-laws-in-america-2013-10?op=1 https://www.businessinsider.com/most-commonly-broken-laws-in... Should the government just come in an take all your stuff now because they suspect you've connected to an unsecured wifi? They don't even need to prove anything and poof... your stuff is gone. this is civil asset forfeiture. This is how dumb it is.