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I disagree with your first point, Bitcoin let has let individual transact freely for a decade now. Sure, it has a hard time scaling but apart from that I think
by popol12 3y ago
I disagree with your first point, Bitcoin let has let individual transact freely for a decade now. Sure, it has a hard time scaling but apart from that I think it's doing great on this point. Could you detail what you had in mind if you disagree ?
- immibis 3y agoThere are fraud prevention institutions out there who secretly colour your coins and won't let you deposit to an exchange (or trigger some very intensive verification and a police report) if you try to deposit certain coins.
- popol12 3y agoThat's true, but there's ongoing work about this to add some kind of plausible deniability to all transactions. There's also privacy coins like Monero where this problem has been solved already. Many institutions then banned Monero, but they won't be able to ban all cryptocurrencies if they get on par with Monero's privacy protecting techniques.
- immibis 3y agoOf course they'll be able to ban all cryptocurrencies. They already banned Monero, didn't they? Nothing stops them banning more.