Message from @pratel
Discord ID: 506195799475093535
There's still likely a cash-out endpoint (for the near to medium future)
But at that point you're worried about e.g. banks stopping transfers because of your opinions
I can't say there's 0% chance of that, but they seem to be used to being hated
So probably are less susceptible to the sway of popular opinion
Corporations control our money (banks) and the government indirectly controls the banks. Without something decentralized, one of the two will always shut us down
If you go with regulation, you are giving a tool to the democrats when they get back into power
I don't think the banks are quite so helpless
They were able to get themselves those bailouts, after all
It's a highly regulated industries. Only take a law or two to basically nationalize them.
But like I said, one of the two will always be able to shut you down. Corporation or government
some sort of legislation preventing financial institutions from taking ideological stances might do the trick
I agree there's always a possibility
something such that they can't refrain from doing business with you just because they don't like your politics
There always was, is, and will be
It's more about making it relatively more difficult
In the limit, you could imagine crypto being outlawed
E.g. the ISP being required to report crypto traffic, or this being sufficient cause for a search
But at this point I think you're talking about a US that's far more totalitarian that it has ever been
So there might be more...pressing issues in such a world anyway
My selfish motivation here is that I'd like to see a more decentralized/anonymized web, and if people think legislation has solved the problem it'll never come about, and many associated problems will persist as well as creating new ones
Crypto won't work. you have to be able to turn crypto into physical objects and they'll just go after the people who do that.
Plus, you'd need people to actually agree on a single form of crypto.
And BitCoin won't reach scale as currently implemented.
Do you mean that you need to be able to exchange them for physical goods?
Yes.
Because that's already doable
There's nothing preventing that
It's just not commonplace, at least not right now
I'm not saying it doesn't.
I disagree there'd need to be a single one--they'd just have to have stable exchange rates relative to each other
Over time a likely "money" would emerge
I'm saying they'll go after the people who do that as soon as it becomes "the next part of Gab"
You're correct that the current implementation can't scale
It has to be stable enough for people to know what they want.
It's one of the big concerns, and the drive in the BCH/BTC split
I'll admit your right you could have multiple options. But in practice, there will have to be a single popular one that's big enough people can think in terms of that currency. Much like US Dollars.
We're no where close to that and there's absolutely no motivation for the average person to shift to crypto.
So they won't.
I could see the same being said for e.g. PayPal
And most people still don't really use PayPal
Yet it marches on anyway