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“Facilitates money laundering” is another way of saying “preserves freedom”, they are two sides of the same bitcoin. The argument of whether governments and pa
by zarzavat 4y ago
“Facilitates money laundering” is another way of saying “preserves freedom”, they are two sides of the same bitcoin.
The argument of whether governments and payment processors should have the power of prior restraint on all transactions (e.g. by going cashless) or not is older than cryptocurrency.
- BLKNSLVR 4y agoAnd the US dollar punches well above its weight in "preserving freedom", despite all the rules, all the enforcement, all the regulation, all the threat of violence, all the drug wars. Theatre.
- Yizahi 4y agoThe question is - are benefits of token systems outweigh the negatives? Since the purpose of all these systems is law avoidance (both "legitimate" and "oppressive", all of laws), then in my opinion negatives are much much bigger than benefits. And I say this as a person who can benefit from tokens, i.e. send my money cross border without any legal oversight. But in reality for a the few grey private transaction, the majority of this system usage will be utilised by corporations, billionaires, shady governments, mafia etc. Tokens in the current state are net negative for humans. And hypothetically tokens with control and oversight and protections are just overall worse and more limited digital "money".