3 ms·
If you ascertain some value to the permissionless and self-custodial value of cash. And you see value in the internet's ability to connect the entire world. The
by pa7x1 3y ago
If you ascertain some value to the permissionless and self-custodial value of cash. And you see value in the internet's ability to connect the entire world. Then it follows immediately that you see value in cryptocurrency.
Because you cannot use cash to transact globally, and you cannot use digital forms of central bank issued currency permissionlessly or have self-custody. Cryptocurrency gives you all those three properties.
So you must give up something. HNers typically are willing to give up the permissionless and self-custody properties. After all, most of HN audience lives in developed democratic countries where personal freedoms are considered fundamental pillars and protected. But at a minimum you should consider that, not all the world lives under those circumstances. And that there are no guarantees that those circumstances will always be preserved in your cozy first world country. Certainly if you are willing to give them up so easily.
Don't be so quick to assume it cannot happen where you live.
One day they may go after some fringe truckers protesting in Canada. Another day they may go after some camgirls earning a living in ways that some executive board of a payment processor considers reprobable. Maybe one day they will tell you in what you can or cannot spend your money or where you can invest it and how much.