3 ms·
I agree with you very much. And you're not even touching the other part, which is that when you get in the cross-hair of the authorities (even if they happen t
by ur-whale 4y ago
I agree with you very much.
And you're not even touching the other part, which is that when you get in the cross-hair of the authorities (even if they happen to have a legitimate reason, which more often than not, they don't) your money can cease to be yours in the blink of an eye, leaving you with absolutely no means to defend yourself.
We need far better legal protection for our assets than what currently exist in most so-called civilized countries.
I would go as far as saying that the right to protect your assets from anyone is as deeply important than the right to free speech.
And this is why crypto, in spite of all its purported shortcomings, holds such a deep gut appeal to very many people: at an instinctive level, they can feel it's the last resort to protecting your freedom from the predatory institutions that are supposed to be protecting them.
- csomar 4y ago> cross-hair of the authorities (even if they happen to have a legitimate reason, which more often than not, they don't) your money can cease to be yours in the blink of an eye, leaving you with absolutely no means to defend yourself. It's worse than that. Fintech can freeze your money at their sole discretion. It's a puzzle to get the money unfrozen. My guess is that banks will be next, although they seem to do better now. But this practice is protected by the law.