Message from @velvitonator

Discord ID: 506196213482389515


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

2018-10-28 20:06:32 UTC  

I am happy to concede it's still a long ways off

2018-10-28 20:06:38 UTC  

Paypal basically started as an escrow service.

2018-10-28 20:06:50 UTC  

You just turn things into US dollars.

2018-10-28 20:07:08 UTC  

they also don't have a reputation for being "money for Gab"

2018-10-28 20:07:25 UTC  

If normal people don't use your service, you have no defense. Period.

2018-10-28 20:08:12 UTC  

Paypal powers lots of online stores. I would say if you regularly purchase things online you've used it even if you don't have an account.

2018-10-28 20:09:24 UTC  

That's my point. You aren't going to get Crypto anywhere near that level of ubiquity and then they'll just go after the people who accept it or convert it to physical currency.