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It's not to solve that problem. It's to have the option to route around it.
by sowbug 4y ago
It's not to solve that problem. It's to have the option to route around it.
- dsr_ 4y agoIt certainly can't route around it. US: https://www.sec.gov/spotlight/cybersecurity-enforcement-actions https://www.sec.gov/spotlight/cybersecurity-enforcement-acti... CA: https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/20221116_let.aspx https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/20221116... EU: https://www.bafin.de/EN/Aufsicht/FinTech/Geschaeftsmodelle/DLT_Blockchain_Krypto/DLT_Blockchain_Krypto_node_en.html https://www.bafin.de/EN/Aufsicht/FinTech/Geschaeftsmodelle/D... and so on.
- sowbug 4y agoFraud existed long before digital currencies, and nobody is seriously advocating to legitimize it. I hope that even if you love the current financial system, you'd still be in favor of giving its competitors a chance to exist.