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>Cryptocurrencies don't stand a chance. They protect against tracking and provide anonimity. That might be valuable.
by DeathArrow 2y ago
>Cryptocurrencies don't stand a chance.
They protect against tracking and provide anonimity. That might be valuable.
- salomonk_mur 2y agoFor 0.001% of the population.
- relistan 2y agoYes, and they are not exclusively, but largely, criminals.
- Klaster_1 2y agoTo be fair, you don't know when you might need this. Crypto's useful in authoritarian countries as a means of financing activities the dictator doesn't want you to partake in, like independent media funding, or to move savings to another country in case of a "sudden" foreign currency operation restrictions.
- speed_spread 2y agoIt's even more useful to destabilize a country's economy, finance covert operations and straight out launder money!
- deleted 2y ago[deleted]
- NicuCalcea 2y agoIt might be valuable for a minority of people, but it is an active detriment for most. I want to know where my money is going, and I want my bank to be able to get it back in case of theft or fraud.
- strobe 2y agoat same time you don't wanna to ask bank for permission to spend your money every time: "Can I buy some milk today? No!, let's visit our branch first and give some papers which will require significant time/effort to get for you." Most just not experiencing things like this but once that happen it is hard to ignore this possibility.
- NicuCalcea 2y agoI do want permission from my bank, actually. Of course not for milk, but for a car or house, for sure.
- werdnapk 2y agoA major point of crypto is based on tracking as the ledger (blockchain) is completely public.
- DeathArrow 2y agoThe identity of the user is secret. Others will just see a public key.
- kgen 2y agoOnly in theory right? The moment you use it with a service that requires credentials or an email or a physical address to mail to, it's not, unless you somehow wash it through an anonymous pool somehow