top | item 27122840

(no title)

scg | 4 years ago

The same shortsighted argument could've been done at various times against cryptography, against torrents, against remote access, against the internet, and against using computers (inherently hackable). Now it's crypto payments, and tomorrow it's going to be something else because criminals use technology to scale as much as everyone else.

Crypto networks are especially good at cross-border payments, and they are hard to censor by a state actor. Indeed, these were among the design constraints of Bitcoin. If one wishes to argue that such a technology shouldn't exist, good luck with that; it exists, has legitimate use cases, and banning outright it is shortsighted in the same way opposing cryptography is shortsighted.

discuss

order

No comments yet.