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Doesn't change the fact stated by GP tho. Fiat money, unlike crypto, have lots of non-criminal uses.

by amarant 11mo ago

jazzyjackson 11mo ago
Crypto has all the same use cases it's just that fiat is better at everything so long as the thing is blessed by the government Given a government reflecting the will of the people, anything you need crypto for is de facto antisocial behavior i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own so much
- MBCook 11mo ago
  > i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own You don’t think they’ll declare crypto illegal? Or owning it? Or using it?
- aleph_minus_one 11mo ago
  > i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own so much ... like now?
  - coderatlarge 11mo ago
    …or ‘08 capital controls and being prevented from withdrawing your own funds from your own bank account as happened in Greece back then.
- queenkjuul 11mo ago
  Without incriminating myself too much, uh, let's just say I've seen considerable volumes of illegal business conducted with physical fiat cash, to a degree that likely would have been more difficult with crypto
- amarant 11mo ago
  Only problem is, fiat is better at most of the "good-natured" crime too. The only application I can even think of where cryptocurrency is actually better than fiat is ransomware. Actually I suppose any kind of ransom payment might benefit from using crypto, as there's no risky physical cash handover for police to intercept. Seems like it could be equally useful for kidnappers as ransomware hackers. But I can't think of single non-ransom transaction where fiat isn't better than crypto. Legal or otherwise. For example when buying illicit substances, I don't see why I would want to pay extra to make the transaction traceable and public?

Doesn't change the fact stated by GP tho. Fiat money, unlike crypto, have lots of non-criminal uses.

by amarant 11mo ago

Doesn't change the fact stated by GP tho. Fiat money, unlike crypto, have lots of non-criminal uses.

Crypto has all the same use cases it's just that fiat is better at everything so long as the thing is blessed by the government Given a government reflecting the will of the people, anything you need crypto for is de facto antisocial behavior i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own so much

MBCook 11mo ago
> i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own You don’t think they’ll declare crypto illegal? Or owning it? Or using it?
aleph_minus_one 11mo ago
> i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own so much ... like now?
- coderatlarge 11mo ago
  …or ‘08 capital controls and being prevented from withdrawing your own funds from your own bank account as happened in Greece back then.
queenkjuul 11mo ago
Without incriminating myself too much, uh, let's just say I've seen considerable volumes of illegal business conducted with physical fiat cash, to a degree that likely would have been more difficult with crypto
amarant 11mo ago
Only problem is, fiat is better at most of the "good-natured" crime too. The only application I can even think of where cryptocurrency is actually better than fiat is ransomware. Actually I suppose any kind of ransom payment might benefit from using crypto, as there's no risky physical cash handover for police to intercept. Seems like it could be equally useful for kidnappers as ransomware hackers. But I can't think of single non-ransom transaction where fiat isn't better than crypto. Legal or otherwise. For example when buying illicit substances, I don't see why I would want to pay extra to make the transaction traceable and public?