someone you know from the www

  • 8 Posts
  • 215 Comments
Joined 5 years ago
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Cake day: November 25th, 2020

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  • We’re currently at the mercy of banks, which get richer and richer…

    That’s not true at all, many go bust or whatever. I think that they are too powerful but I’d rather have them be in reach of legislation than out of reach instead.

    You seem to think that cryptocurrency is anonymous, which is totally untrue. Actually for many the opposite is true, since they literally have it baked into them to keep track of all transactions, by design. That’s what a blockchain is, a chain of blocks that each validate the ones that came before.

    So cash money is actually more anonymous and versatile than what you have been describing. I go to the ATM and cash out money and from there it can’t be tracked remotely. I could hand it to some kid with a lemonade stand, buy drugs on a street corner, go to a supermarket and pay cash or hide it all in my pillow. I lost my phone, bank card, ID and keys? If I have cash I can still do some things. If my phones battery is dead, I just have cryptomoney and a virtual bank card, I am fucked.

    There’s always been currency laundry, and there have always been fiscal paradises.

    I am not trying to argue against the existence of anonymous ways to transfer money, I would love that if there was a good way.