4 ms·

international remunerations and payment censorship avoidance in tyrannical regimes are two obvious and virtually unarguable problems a genuine cryptocurrency so

international remunerations and payment censorship avoidance in tyrannical regimes are two obvious and virtually unarguable problems a genuine cryptocurrency solves

jmyeet 4y ago
This falls under the banner of "breaking the law", which is the only use case people foresaw in the last decade. Now you might consider that ethical (eg in totalitarian regimes). I make no judgement about that. But the fact remains the use case is avoiding the law and that has negative implications too (eg ransomware, funding various illegal activities).
- blueprint 4y ago
  international remunerations does not fall under 'breaking the law' and there are plenty of failings of the security of various centralized information storage and processing systems as we have seen; they can become vulnerable to attacks by bad actors. some of those bad actors are trying to target specific people to harass, stalk, or otherwise harm them. you're not going to convince me that blanket surveillance of all financial activity is remotely optimal from a safety standpoint. and we have obvious human rights questions about mandated surveillance of financial activity. so, no, just because someone is in government does not mean i trust them not to abuse the immense power they've legislated for themselves. i can be doing absolutely nothing illegal and argue for the legitimacy of taxation and AML controls while still holding the above views about human rights, and for good reason.
astrange 4y ago
https://wise.com https://wise.com For legal money transfers you'll have a hard time beating that. For illegal ones you're, well, illegal.
- blueprint 4y ago
  how long does it take to make a transfer with wise? I couldn't find it
  - astrange 4y ago
    It depends; part of their appeal is they can get you significant savings by taking longer. But that’s not because of transmission times (updating a database is faster than a blockchain), it’s because they get a better price for currency by batching you up with other people.
    - blueprint 4y ago
      well, what's the minimum time for cross-country transfer, anyway, and what sorta fees does it correspond to, if you know?
      - astrange 4y ago
        Calculator on the front page should say. It depends on the currency pair, but sending from the US is usually as fast as any other ACH transfer, between instant and overnight for me.
        blueprint 4y ago
        oh, ok; most interesting. that means it's a solution then, well, aside from things like (a) privacy concerns and the associated (b) ability for them to arbitrarily censor, delay, hold etc transactions which we have certainly see e.g. paypal do.

international remunerations and payment censorship avoidance in tyrannical regimes are two obvious and virtually unarguable problems a genuine cryptocurrency solves

jmyeet 4y ago

This falls under the banner of "breaking the law", which is the only use case people foresaw in the last decade. Now you might consider that ethical (eg in totalitarian regimes). I make no judgement about that. But the fact remains the use case is avoiding the law and that has negative implications too (eg ransomware, funding various illegal activities).

blueprint 4y ago
international remunerations does not fall under 'breaking the law' and there are plenty of failings of the security of various centralized information storage and processing systems as we have seen; they can become vulnerable to attacks by bad actors. some of those bad actors are trying to target specific people to harass, stalk, or otherwise harm them. you're not going to convince me that blanket surveillance of all financial activity is remotely optimal from a safety standpoint. and we have obvious human rights questions about mandated surveillance of financial activity. so, no, just because someone is in government does not mean i trust them not to abuse the immense power they've legislated for themselves. i can be doing absolutely nothing illegal and argue for the legitimacy of taxation and AML controls while still holding the above views about human rights, and for good reason.

astrange 4y ago

https://wise.com https://wise.com For legal money transfers you'll have a hard time beating that. For illegal ones you're, well, illegal.

blueprint 4y ago
how long does it take to make a transfer with wise? I couldn't find it
- astrange 4y ago
  It depends; part of their appeal is they can get you significant savings by taking longer. But that’s not because of transmission times (updating a database is faster than a blockchain), it’s because they get a better price for currency by batching you up with other people.
  - blueprint 4y ago
    well, what's the minimum time for cross-country transfer, anyway, and what sorta fees does it correspond to, if you know?
    - astrange 4y ago
      Calculator on the front page should say. It depends on the currency pair, but sending from the US is usually as fast as any other ACH transfer, between instant and overnight for me.
      - blueprint 4y ago
        oh, ok; most interesting. that means it's a solution then, well, aside from things like (a) privacy concerns and the associated (b) ability for them to arbitrarily censor, delay, hold etc transactions which we have certainly see e.g. paypal do.