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Same day money transfers are a pretty well solved problem at this point via Wise or PayPal or Payoneer or SWIFT or plenty of other ways. Sure they're subject t

by CPLX 2y ago

Same day money transfers are a pretty well solved problem at this point via Wise or PayPal or Payoneer or SWIFT or plenty of other ways. Sure they're subject to KYC and so on, but that's kind of the point. Which is that crypto still has only two genuinely viable use cases: 1) speculation and 2) avoiding laws.

yieldcrv 2y ago
yes and via crypto. all the ways you listed are subject to arbitrary reviews, limits, and freezes even if KYC is done by all parties. and of course, dont cater to all countries. yes speculation and reducing legal frictions are big use cases. the laws and private sector interpretation of those laws are the friction. in the US, the executive branch and congress are fully aware that crypto to crypto transfers onchain do not require KYC. there is nothing illegal about that, and nothing wrong with avoiding the other law imposed on other systems in this particular way. additionally, the same feature works in creating freedom in authoritarian regimes, like are we supposed to be dismayed that chinese citizens have other ways of moving more than $50,000 worth out of the country annually? is your dismay towards crypto’s use cases because you are FOR oppression of chinese citizens? rhetorical and only mentioned to highlight the relative morality necessary to even come up with your devils advocacy. crypto is agnostic to the circumstance and opens up markets if you’re not the audience for that use case then that has nothing to do with anyone else, theyre already in the crypto space and prefer that method
- CPLX 2y ago
  > if you’re not the audience for that use case then that has nothing to do with anyone else You just described evading laws governing money transfers again using a lot more words. Everyone gets it. Crypto is useful for evading laws. However saying that breaking the law has nothing to do with anyone else isn’t real compelling as an argument.
  - yieldcrv 2y ago
    You keep going from the benign circumventing as a matter of convenience, to the hyperbolic evading, but yes the same feature set nullifies both, worldwide. It was a folly for the state-concept to get involved in to begin with. Capital follows the path of least resistance. But ok this is a sticking point, for you. In a stacked bar chart of why people use it and demand block space, that is one of many use case and user story. Its not an argument it’s a fact of life. Any single person with a single use case validates the entire thing, because their use case is valid You’re still looking for arguments and that isn’t the point. Its not about selling you, you heard an irrelevant person mention “mainstream adoption” or merchant adoption and thought they were for real, all while getting scammed by them. Lots of people have exposure like that just like lots of people fall for scams and phishing campaigns on the general internet. It has nothing to do with what else is going on. Its not about selling you, People are already in crypto and prefer that method.
    - CPLX 2y ago
      > Capital follows the path of least resistance. Huh? Capital doesn't have agency. People either follow laws or break them. The argument against crypto is that it's primarily a tool for breaking the law. Which, you know, is fine for you if you don't care, but that's a pretty relevant point.

by CPLX 2y ago

yieldcrv 2y ago

yes and via crypto. all the ways you listed are subject to arbitrary reviews, limits, and freezes even if KYC is done by all parties. and of course, dont cater to all countries. yes speculation and reducing legal frictions are big use cases. the laws and private sector interpretation of those laws are the friction. in the US, the executive branch and congress are fully aware that crypto to crypto transfers onchain do not require KYC. there is nothing illegal about that, and nothing wrong with avoiding the other law imposed on other systems in this particular way. additionally, the same feature works in creating freedom in authoritarian regimes, like are we supposed to be dismayed that chinese citizens have other ways of moving more than $50,000 worth out of the country annually? is your dismay towards crypto’s use cases because you are FOR oppression of chinese citizens? rhetorical and only mentioned to highlight the relative morality necessary to even come up with your devils advocacy. crypto is agnostic to the circumstance and opens up markets if you’re not the audience for that use case then that has nothing to do with anyone else, theyre already in the crypto space and prefer that method

CPLX 2y ago
> if you’re not the audience for that use case then that has nothing to do with anyone else You just described evading laws governing money transfers again using a lot more words. Everyone gets it. Crypto is useful for evading laws. However saying that breaking the law has nothing to do with anyone else isn’t real compelling as an argument.
- yieldcrv 2y ago
  You keep going from the benign circumventing as a matter of convenience, to the hyperbolic evading, but yes the same feature set nullifies both, worldwide. It was a folly for the state-concept to get involved in to begin with. Capital follows the path of least resistance. But ok this is a sticking point, for you. In a stacked bar chart of why people use it and demand block space, that is one of many use case and user story. Its not an argument it’s a fact of life. Any single person with a single use case validates the entire thing, because their use case is valid You’re still looking for arguments and that isn’t the point. Its not about selling you, you heard an irrelevant person mention “mainstream adoption” or merchant adoption and thought they were for real, all while getting scammed by them. Lots of people have exposure like that just like lots of people fall for scams and phishing campaigns on the general internet. It has nothing to do with what else is going on. Its not about selling you, People are already in crypto and prefer that method.
  - CPLX 2y ago
    > Capital follows the path of least resistance. Huh? Capital doesn't have agency. People either follow laws or break them. The argument against crypto is that it's primarily a tool for breaking the law. Which, you know, is fine for you if you don't care, but that's a pretty relevant point.