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> At best, you have a changing of the guard - new boss, same as the old boss. At best you send some of it directly to someone else with no trusted middleman, w
by everfree 3y ago
> At best, you have a changing of the guard - new boss, same as the old boss.
At best you send some of it directly to someone else with no trusted middleman, which is impossible to do over the internet with any other kind of system.
At worst you have a changing of the guard.
- LexiMax 3y ago> At best you send some of it directly to someone else with no trusted middleman This is impossible. If you trade crypto, at some point that money has to become fiat for you to pay bills, pay taxes or cash out. If the currency _is_ crypto, you either have to transact on-chain where it is inefficient and slow by design, or off-chain, where you are trusting a middle-man by definition. Either way, you are beholden to the currency controls of your country, and unlike you, they have the resources of a nation-state and can de-anonymize and use violence to force you to bend the knee.
- everfree 3y ago> If the currency _is_ crypto, you either have to transact on-chain where it is inefficient and slow by design Not slow or inefficient enough so as to be unusable. > Either way, you are beholden to the currency controls of your country, and unlike you, they have the resources of a nation-state and can de-anonymize and use violence to force you to bend the knee. Everything a person does is beholden to law. I don’t see how that’s really relevant.