I’m tech literate and very much not paid by the US govt
From my point of view I rag on crypto because I’ve yet to see it produce any real world value outside of scams, frauds, and illegal activity.
Traditional finance is slow and cautious on purpose. Having to deal with each country’s laws, regulations, and individual sovereignty is very much a real thing. A platform like venmo could do instantaneous cross border payments today if it were only a technical problem. But it’s not. It’s a human problem that arises from countries governing themselves with their own banking and finance laws.
Now, if your argument is that we should ditch countries sovereignty and ignore laws to make finance quicker, easier, and more private; then that’s argument I can understand. I don’t agree with that argument at all, but if that’s an opinion of someone I can see why an anarchistic point of view could resonate.
I totally agree, but would like to point out that this hasn't always been true. At first, bitcoin was a legitimate but obscure currency. I have receipts for selling used computer parts on Bitmit. Bitmit shut down in November 2013. Very quickly after, the remaining legitimate online marketplaces disappeared. Bitcoin started as a real world solution and has fully regressed into a joke.
BTC was never a real solution outside of a few SV hacker bros buying VPNs, hosting, or computer parts with it.
How many burritos did you get at 7/11 via BTC payments? I bought a car during COVID -- there weren't any places for me to pay for it with BTC. My mom didn't, and won't, use it for anything.
That like 5 dudes in San Fran bought or sold a house with it is really just exceptions proving the rule.
>Now, if your argument is that we should ditch countries sovereignty and ignore laws to make finance quicker, easier, and more private.
Are you taking the view that all laws are just? If not, then you must admit that crypto has some value where it helps to route around unjust laws (e.g. many people on this site consider the war on drugs unjust and ineffective).
Absolutely not. But the view I'm taking is that current laws must be respected. It's on the legislature and judicial branches to determine which laws to introduce/repeal and which laws may not be constitutional.
IMO it's absolutely not a valid path forward to have citizens selectively choose to ignore/evade certain laws that they personally deem unjust
From my point of view I rag on crypto because I’ve yet to see it produce any real world value outside of scams, frauds, and illegal activity.
Traditional finance is slow and cautious on purpose. Having to deal with each country’s laws, regulations, and individual sovereignty is very much a real thing. A platform like venmo could do instantaneous cross border payments today if it were only a technical problem. But it’s not. It’s a human problem that arises from countries governing themselves with their own banking and finance laws.
Now, if your argument is that we should ditch countries sovereignty and ignore laws to make finance quicker, easier, and more private; then that’s argument I can understand. I don’t agree with that argument at all, but if that’s an opinion of someone I can see why an anarchistic point of view could resonate.