[GreaterFool]

I think this is just the straw that broke the camel's back. This sort of thing has been happening for a while. I recall a story where someone's account somewhere was closed because Visa or MasterCard (credit card company!) complained about what they said online.

Financial companies have too much power. They always had. But right now they started exercising it in a way that is very worrisome.

Banks can close your account for no reason.

PayPal can close your account for no reason.

Visa or MasterCard can stop doing business with you for no reason.

And what are you going to do then? There's a global "war on cash". Anything beyond few hundred $ is hard to get. Try to deposit it in a bank and they'll ask you million questions about where it's from and what are you going to use it for. Try to withdraw it and you'll raise some flags.

[dtoc]

Maybe cryptocurrencies will have some real-world value after all!