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0 pointsmirimir6y ago0 comments

Basically, it's Internet money. So like the Internet, it's very difficult for governments to fsck with. They can try, of course, but there will always be levels of overlay networks that they can't touch. This is one aspect of the cypherpunk vision.

Being ~anonymous online, cryptocurrencies are my only option for buying and selling stuff online. Leasing VPN services, servers, VPS, etc. Getting paid for writing and other consulting work.

The speculation aspect is just meme-driven bullshit. What we need is cryptocurrencies with stable values, for online commerce. I'm not sure what you mean by "aspirin" vs "vitamins". But for me, getting out from under the thumb of government is extremely interesting.

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chrischen6y ago

I’d rather call it internet “cash” rather than just internet money. We can use money online (credit card, paypal), but there’s so much consumer protection stuff that goes along with it that makes it hard to use like paper cash—irreversible, untraceable.m, unsanctioned usage.

Perfect for things governments hate: illegal stuff like extortion and drugs.

mirimirOP6y ago

> Perfect for things governments hate: illegal stuff like extortion and drugs.

That's true for anything that provides privacy and freedom.

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