> With government monopolies you use their services at gunpoint
I mean sure, in an authoritarian state that’s what happens. I’m just not convinced crypto is the solution? In order to evade being at gunpoint you’d essentially need all your crypto transactions to be undiscoverable to an all powerful entity, which is probably mostly possible and that’s great. The downside is you now open yourself to people being able to take all your money from you with close to no discoverability. In order to keep that privacy you’d have to avoid all centralized exchanges and manage most of this yourself and i’m just not convinced 99% of people need or want that?
I’m not saying the tech isn’t impressive or the idea in its purest form compelling and interesting, but there’s a lot of fantasy I think.
I mean sure, in an authoritarian state that’s what happens. I’m just not convinced crypto is the solution? In order to evade being at gunpoint you’d essentially need all your crypto transactions to be undiscoverable to an all powerful entity, which is probably mostly possible and that’s great. The downside is you now open yourself to people being able to take all your money from you with close to no discoverability. In order to keep that privacy you’d have to avoid all centralized exchanges and manage most of this yourself and i’m just not convinced 99% of people need or want that?
I’m not saying the tech isn’t impressive or the idea in its purest form compelling and interesting, but there’s a lot of fantasy I think.