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Then I'll send blacklisted coins to your addresses and theses of my enemies, so they couldn't use their money.

• kemotep 3y ago
  But if we’re using an L2 like the lightning network or some Ethereum based one, you wouldn’t be able to do that. Using specific smart contracts with the guardrails I am talking about, your flagged addresses wouldn’t be able to open or complete that transaction without my approval. And also this highlights why cryptocurrency probably won’t achieve mass adoption. Being able to send nfts that are actually viruses that drain a user’s wallet if they interact with it could allow for automated fraud on a scale never seen before.
  • not_really 3y ago
    How is this a valid argument? One's enemies don't get to choose how they receive coins. Even if an L2 exists, one can still send via a classic L1.
    • kemotep 3y ago
      This fictional scenario would have people not sharing their L1 address. Like you currently don’t share your bank account number when you use a credit card. I’m highlighting how cryptocurrency would probably not be adopted as it works today and would likely have guardrails to prevent fraud, abuse, and a block list of “bad addresses” associated with transactions the government and corporate do not approve of. Like how fiat works today. It’s on cryptocurrency advocates to explain how mass adoption would avoid bad governance. And if we can eliminate bad governance by developing strong legal protections, rights to privacy and so on, why is the transition to crypto necessary if you had a right to freely, privately, and securely make digital transactions?