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0 pointsTimeBearingDown2y ago0 comments

“Enforcing laws” with regard to what? Censoring transactions? Freezing accounts?

If people want a system where this as well as excessive inflation are close to impossible, they now have an option, with the clear caveat of that ownership.

It’s not like there aren’t other options to choose - custodial services and multi-signature wallets. Banks are custodial services too, and that’s fine.

0 comments

troupo2y ago

> “Enforcing laws” with regard to what? Censoring transactions? Freezing accounts?

Fraud. Transaction rollbacks. Consumer protection laws.

TimeBearingDownOP2y ago

Those should be applied at a higher layer than the base one, and the vast majority of people should be using custodial services if they have access.

A much smaller fraction should be using open source and audited hardware wallets as well as offline paper wallets.

People will have the option to shoot their foot off with real, direct control, yes. That option or ‘genie’ doesn’t go back in the bottle, not permanently.

lottin2y ago

If you want lawlessness go ahead, but don't come crying when someone steals your riches or punches you in the face.

TimeBearingDownOP2y ago

Yes. The option now exists to have private digital means of exchange, free from direct government devaluation. There are absolutely drawbacks; it is not for everyone.

j / k navigate · click thread line to collapse

0 pointsTimeBearingDown2y ago0 comments

“Enforcing laws” with regard to what? Censoring transactions? Freezing accounts?

If people want a system where this as well as excessive inflation are close to impossible, they now have an option, with the clear caveat of that ownership.

It’s not like there aren’t other options to choose - custodial services and multi-signature wallets. Banks are custodial services too, and that’s fine.

0 comments

troupo2y ago

> “Enforcing laws” with regard to what? Censoring transactions? Freezing accounts?

Fraud. Transaction rollbacks. Consumer protection laws.

TimeBearingDownOP2y ago

Those should be applied at a higher layer than the base one, and the vast majority of people should be using custodial services if they have access.

A much smaller fraction should be using open source and audited hardware wallets as well as offline paper wallets.

People will have the option to shoot their foot off with real, direct control, yes. That option or ‘genie’ doesn’t go back in the bottle, not permanently.

lottin2y ago

If you want lawlessness go ahead, but don't come crying when someone steals your riches or punches you in the face.

TimeBearingDownOP2y ago

Yes. The option now exists to have private digital means of exchange, free from direct government devaluation. There are absolutely drawbacks; it is not for everyone.

j / k navigate · click thread line to collapse