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This exposes exactly why crypto is _not_ a solution: It's only a preferable alternative when the broader societal context is a strong net negative. In the curre
by ysavir 3y ago
This exposes exactly why crypto is _not_ a solution: It's only a preferable alternative when the broader societal context is a strong net negative. In the current US, while financial censorship can happen, it doesn't happen often enough that the pains of using crypto as a primary currency are are outweighed by the benefits. And if the situation changes to a place where that's true, we've got some bigger problems. That is, in that situation, making an economy function smoothly isn't as important as removing the problematic censorship. Our GPUs could be put to much better work than bitcoin.
This also doesn't account for a government being able to just outlaw cryptocurrencies. They may not be able to confiscate your bitcoin, but they sure can throw you in jail for trying to spend it at the grocery store. Or impact your ability to access the blockchain, etc.