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Yes, this is a very good example of traditional payments systems failing. They'll censor any content they disagree with. Crypto can't be censored so easily.
by aussieguy1234 1y ago
Yes, this is a very good example of traditional payments systems failing.
They'll censor any content they disagree with.
Crypto can't be censored so easily.
- chii 1y agousing a technological method to try solve a social problem is unlikely to really succeed. Censorship is a social problem, and needs to be solved with social methods, such as enacting payment neutrality laws like net neutrality laws (hah, as if), or electricity neutrality laws etc. Using crypto can temporarily bypass it, until it doesn't or you are stigmatized somehow under the law for it.
- charcircuit 1y agoI think you are underestimating the social dynamics of a centralized vs decentralized systems.
- aussieguy1234 1y agoIn the end, the power of everyday people to control what the law wants to ban is limited. In some countries, content in favor of certain minority groups is banned. For sure those groups ability to take payment is impacted. Sometimes those minorities are denied citizenship and can't open a bank account e.g. the Rohingya in Myanmar.