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These digital assets are “pretty much only good for illegal activities, like money laundering, narco-terrorism, and tax evasion,” Dennis Kelleher, a co-founder
by eimrine 3y ago
These digital assets are “pretty much only good for illegal activities, like money laundering, narco-terrorism, and tax evasion,” Dennis Kelleher, a co-founder of Better Markets, a nonprofit advocating for financial regulation, told me. “Is there social or public interest in enabling a financial product like that?”
Who watches the watcher? Governments are effectively terrorists, war against drugs is effectively lost, and megacorps are effectively experts in money laundering and tax evasion activities with no cryptocurrencies at all.
- anonyfox 3y agoisnt this that "the people" are for in a democracy? In theory, everyone is free to create a new party that cares about particular things, and people can vote for it if they think its important for them, too. I think the major reason why this doesn't work fluently in practise (and a bunch of other issues) is capitalism itself, where wealth naturally concentrates and money is able to buy people one way or the other. Not to start a socialism discussion again, just in my mind the general concept of "government" in a democracy is fine, its only sabotaged increasingly by people with too much capital
- eimrine 3y agoThere is too much capital belongs to stupid people somehow.
- anonyfox 3y agoI believe its often the other way around: decent humans somehow accumulate high wealth and become influenced/corrupted/changed over time through that. Not that money amplifies weaknesses alone, but rather the wealth itself changes the way people think, and in many cases not for the better.