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sometimes you wonder if people have become so thoroughly captured by the status quo they can no longer even conceive of a monetary system existing that is not e
by w_TF 1y ago
sometimes you wonder if people have become so thoroughly captured by the status quo they can no longer even conceive of a monetary system existing that is not entirely dependent on custodians acting on someone's behalf
it's not the developers of bitcoin's fault your entire reg compliance apparatus was constructed on requiring intermediaries
- procaryote 1y agoIt's fundamentally unsurprising that the custodians of the existing system don't like a system built on the premise of circumventing it In their defense, there might be some issues with circumventing such controls. Money laundring, fraud, market manipulation and sanction circumvention aren't always positive for society at large
- w_TF 1y agoi understand their motivation, but none of the existing controls have done much to prevent those bad things from occurring either
- procaryote 1y agoThat's a pretty big claim