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This is one of the reasons to embrace crypto - having an intermediary with direct control over your finances is absurd.
by bhawks 11mo ago
This is one of the reasons to embrace crypto - having an intermediary with direct control over your finances is absurd.
- mulmen 11mo agoThat’s the value proposition of banks actually. Unfortunately we have let them delegate responsibility for fraud.
- matheusmoreira 11mo agoI agree. I really like Monero.
- DaSHacka 11mo agoThis, and especially when the intermediaries attempt to police what you can and can't purchase with your own money when you wish to purchase a fully legal good/service (see: Visa and Mastercard fiasco)
- phs318u 11mo agoAre you able to source all (or even the majority) of goods and services that YOU use, within the crypto ecosystem? Are you getting paid directly in crypto (or if you offer goods/services, do you only accept crypto)? i.e. direct exchange of crypto for goods and services? If not, you are using an intermediary to convert crypto into fiat and vice-versa. Do you invest in ANY non-crypto assets? If not, you are relying on a financial intermediary. Do you practice true self-custody of your crypto? If not, you are relying on intermediaries. For all the theory about the being financially independent of intermediaries, in practice it is nigh on impossible for most folks living in the real economy. Meaning that for most of them, even the crypto-knowledgeable, "embracing crypto" means a compromise with the "absurd" as you put it.
- bawolff 11mo agoNothing is stopping your crypto exchange from requiring remote attestation. Nothing is stopping you from keeping fiat under your mattress. This isn't really a crypto issue.
- gspr 11mo agoPeople like you are arguing that one should give up on society because of society's flaws. I think your attitude is sad and poisonous. We need societies, and we need to work to fix their flaws. Every person cannot be an island.