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So transactions are difficult because they are illegal, and blockchain helps to facilitate crime? Are there other uses? Surely a large and legitimate operation

So transactions are difficult because they are illegal, and blockchain helps to facilitate crime? Are there other uses? Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases?

jdminhbg 1y ago
> Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases? You are literally in a thread whose top post is the Stripe founder describing use cases.
- bloggie 1y ago
  I don't think he does...? He says companies have found utility but doesn't say what that utility is.
  - jdminhbg 1y ago
    The sentences that follow “found utility” say what that utility is: > For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing money in long-tail markets. Another big customer, DolarApp, is providing banking services to customers in Latin America.
Izikiel43 1y ago
> So transactions are difficult because they are illegal, and blockchain helps to facilitate crime? Let's say I make drinking water illegal, would you still do it? Sure you would, you need it to live, laws be damned. In Argentina it was a similar situation, financially speaking, but with USD, as Argentina had like 1000% accumulated inflation since 2019, so basically the ARS melted in your hands, and the USD/Euros/crypto where your only safe havens. So yes, the government made the transactions illegal, but the alternative was becoming poor (we ended up the previous government with around 55% poverty).
- bloggie 1y ago
  I'm certainly not going to moralize against breaking the law, just curious why an American company would (apparently) build a business off of facilitating it.
  - Izikiel43 1y ago
    They aren’t breaking any American laws
  - dragonwriter 1y ago
    American companies of all sizes do that a lot; its profitable, and even if it is eventually punished, the punishment is almost never sufficient to deter pursuing the profits.

jdminhbg 1y ago

> Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases? You are literally in a thread whose top post is the Stripe founder describing use cases.

bloggie 1y ago
I don't think he does...? He says companies have found utility but doesn't say what that utility is.
- jdminhbg 1y ago
  The sentences that follow “found utility” say what that utility is: > For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing money in long-tail markets. Another big customer, DolarApp, is providing banking services to customers in Latin America.

Izikiel43 1y ago

> So transactions are difficult because they are illegal, and blockchain helps to facilitate crime? Let's say I make drinking water illegal, would you still do it? Sure you would, you need it to live, laws be damned. In Argentina it was a similar situation, financially speaking, but with USD, as Argentina had like 1000% accumulated inflation since 2019, so basically the ARS melted in your hands, and the USD/Euros/crypto where your only safe havens. So yes, the government made the transactions illegal, but the alternative was becoming poor (we ended up the previous government with around 55% poverty).

bloggie 1y ago
I'm certainly not going to moralize against breaking the law, just curious why an American company would (apparently) build a business off of facilitating it.
- Izikiel43 1y ago
  They aren’t breaking any American laws
- dragonwriter 1y ago
  American companies of all sizes do that a lot; its profitable, and even if it is eventually punished, the punishment is almost never sufficient to deter pursuing the profits.