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I'm not sure this is a convincing take on crypto. At the end of the day, you still need an on ramp and off ramp to deal in it, regardless of whether that's a ba
by Etheryte 2y ago
I'm not sure this is a convincing take on crypto. At the end of the day, you still need an on ramp and off ramp to deal in it, regardless of whether that's a bank or some other third party. We've already seen multiple times that e.g. certain blockchain assets are blacklisted. If you ever tried to move or cash them, the most likely outcome is a SWAT team at your door once there's a link to your name, similarly any financial institutions or corporations mediating it would face severe punishment. So effectively those assets are fenced off, no one wants the risk, and the end result is not different from regular finance.