@Wetrix that's no good. The grounds that control of money is for sovereign nations is bad too. All cryptocurrencies can be banned on these grounds. And I don't doubt they will ban them eventually
@mister_monster oh yeah they will ban them.
As much as I like crypto, they should be banned.
If there's anything we've learned from bitcoin it's that unregulated currency without government oversight is a bloody distaster of schemes, hacks, thefts and ponzi dumps.
@Wetrix life is a disaster of schemes, hacks, scams and thefts. That's why we all do lots of things to protect our information. Cryptocurrencies just enable people to engage in finance without coercion, from banks, governments or anyone else. In my mind engaging in commerce is a human right, and cryptocurrencies enable people to do that without restriction. I should be able to buy something from you or sell you something you want without a man there telling us how we are allowed to do that.
@mister_monster that's how it was.
But you have to realize that's exactly why regulation and institutions were made.
To many people got ripped off etc
@Wetrix maybe I'm just cynical about it, but I don't really think financial institutions serve the interests of the people most of the time, or prevent thefts, scams and that sort of thing. Big lenders, banks and markets do things like that all the time, the financial crisis of 08 is a good example. And even of they do, I'd rather take responsibility for my own security and decisions I make and blame myself if I get scammed if the trade off is financial sovereignty.
@mister_monster this is true but the way they're supposed to operate is the point is all.