Message from @pratel

Discord ID: 506195799475093535


2018-10-28 19:51:04 UTC  

There's still likely a cash-out endpoint (for the near to medium future)

2018-10-28 19:51:20 UTC  

But at that point you're worried about e.g. banks stopping transfers because of your opinions

2018-10-28 19:51:41 UTC  

I can't say there's 0% chance of that, but they seem to be used to being hated

2018-10-28 19:51:54 UTC  

So probably are less susceptible to the sway of popular opinion

2018-10-28 19:54:35 UTC  

Corporations control our money (banks) and the government indirectly controls the banks. Without something decentralized, one of the two will always shut us down

2018-10-28 19:54:59 UTC  

If you go with regulation, you are giving a tool to the democrats when they get back into power

2018-10-28 19:55:13 UTC  

I don't think the banks are quite so helpless

2018-10-28 19:55:24 UTC  

They were able to get themselves those bailouts, after all

2018-10-28 19:55:54 UTC  

It's a highly regulated industries. Only take a law or two to basically nationalize them.

2018-10-28 19:56:15 UTC  

But like I said, one of the two will always be able to shut you down. Corporation or government

2018-10-28 19:56:24 UTC  

some sort of legislation preventing financial institutions from taking ideological stances might do the trick

2018-10-28 19:57:04 UTC  

I agree there's always a possibility

2018-10-28 19:57:04 UTC  

something such that they can't refrain from doing business with you just because they don't like your politics

2018-10-28 19:57:12 UTC  

There always was, is, and will be

2018-10-28 19:57:23 UTC  

It's more about making it relatively more difficult

2018-10-28 19:57:40 UTC  

In the limit, you could imagine crypto being outlawed

2018-10-28 19:58:04 UTC  

E.g. the ISP being required to report crypto traffic, or this being sufficient cause for a search

2018-10-28 19:58:42 UTC  

But at this point I think you're talking about a US that's far more totalitarian that it has ever been

2018-10-28 19:59:01 UTC  

So there might be more...pressing issues in such a world anyway

2018-10-28 20:01:02 UTC  

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

2018-10-28 20:01:23 UTC  

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.

2018-10-28 20:01:37 UTC  

Plus, you'd need people to actually agree on a single form of crypto.

2018-10-28 20:01:50 UTC  

And BitCoin won't reach scale as currently implemented.

2018-10-28 20:02:31 UTC  

Do you mean that you need to be able to exchange them for physical goods?

2018-10-28 20:02:37 UTC  

Yes.

2018-10-28 20:02:39 UTC  

Because that's already doable

2018-10-28 20:02:44 UTC  

There's nothing preventing that

2018-10-28 20:03:01 UTC  

It's just not commonplace, at least not right now

2018-10-28 20:03:15 UTC  

I'm not saying it doesn't.

2018-10-28 20:03:24 UTC  

I disagree there'd need to be a single one--they'd just have to have stable exchange rates relative to each other

2018-10-28 20:03:33 UTC  

Over time a likely "money" would emerge

2018-10-28 20:03:39 UTC  

I'm saying they'll go after the people who do that as soon as it becomes "the next part of Gab"

2018-10-28 20:03:50 UTC  

You're correct that the current implementation can't scale

2018-10-28 20:03:54 UTC  

It has to be stable enough for people to know what they want.

2018-10-28 20:04:11 UTC  

It's one of the big concerns, and the drive in the BCH/BTC split

2018-10-28 20:04:37 UTC  

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.

2018-10-28 20:04:55 UTC  

We're no where close to that and there's absolutely no motivation for the average person to shift to crypto.

2018-10-28 20:05:01 UTC  

So they won't.

2018-10-28 20:05:43 UTC  

I could see the same being said for e.g. PayPal

2018-10-28 20:05:53 UTC  

And most people still don't really use PayPal

2018-10-28 20:06:18 UTC  

Yet it marches on anyway