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0 pointsboringg4y ago0 comments

Yeah but under an authoritarian regime they can just squeeze you until you run out of operating cash since it would likely be a long game. I recognize that there are benefits to having some assets - I still don't believe this to be a strong enough argument.

Also - in that case you are just talking about hiding assets from the government. While the use case for dissidents is good - to me I would wager the amount of people who are using it for fraud is far greater.

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HeckFeck4y ago

I don't think it is moral to outlaw a new technology just because some criminals are using it. There is nothing inherently criminal with the technology. Similar to nuclear, guns, computers, cars, anything. Someone is always going to sharpen a stick and use it for murder. Should we assume that everyone who collects sticks is a murderer, and therefore we should outlaw stick collecting (enforced by "good" stick wielders)?

If you object became more criminals are using it, then we simply need to promote its use among B2B and B2C. A trustless and decentralised electronic currency is surely a freedom-enabling idea and should be promoted. It has long been the dream of cryptopunks and cryptographers.

Lots of crime is facilited by, and done in the name of fiat currency too. BTC can limit that. It's just a currency and one consciously designed to avoid the inherent flaws of fait.

boringgOP4y ago

I'm not saying that -- I am saying that isn't a sufficient reason to support crypto. The costs are greater than the gains if that was the sole function.

HeckFeck4y ago

My apologies for mistaking your point.

I agree it wouldn't be a sufficient reason, but I think it is a step in the right direction and an illustration of how it enables freedom.

Your wallet is a ten word phrase/a private key. This is something we haven't seen before, money can move just like that. All one needs is internet access.

So yes, totalitarians will have a stranglehold under the current system, but it certainly loosens their grip when we wrest the money supply from their hands.

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0 pointsboringg4y ago0 comments

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HeckFeck4y ago

Lots of crime is facilited by, and done in the name of fiat currency too. BTC can limit that. It's just a currency and one consciously designed to avoid the inherent flaws of fait.

boringgOP4y ago

I'm not saying that -- I am saying that isn't a sufficient reason to support crypto. The costs are greater than the gains if that was the sole function.

HeckFeck4y ago

My apologies for mistaking your point.

I agree it wouldn't be a sufficient reason, but I think it is a step in the right direction and an illustration of how it enables freedom.

Your wallet is a ten word phrase/a private key. This is something we haven't seen before, money can move just like that. All one needs is internet access.

So yes, totalitarians will have a stranglehold under the current system, but it certainly loosens their grip when we wrest the money supply from their hands.

j / k navigate · click thread line to collapse