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by maxilevi 1605 days ago
You are assuming I use BTC or ETH directly as currency but I use stablecoins like DAI which are pegged to the USD dollar.

This allows me to hold currencies I wouldn't be able to buy because of capital controls by the government.
1 comments
sepiasaucer 1605 days ago
“Where does that fit in your categories?”

It sounds like it falls mostly under illegal transactions because you are using crypto for something that would otherwise be illegal (avoiding capital controls). Is it technically illegal? I don’t know. Is it ethically wrong? I guess not directly. However, I imagine there are also a lot of nefarious reasons somebody might want to avoid capital controls which crypto could also help facilitate.

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maxilevi 1605 days ago
It's illegal to buy dollars but not assets that track the USD dollar. Buying DAI is legal for the same reason buying USD denominated bonds is legal, they are not dollars and you are not taking them from the central bank.

And either way I don't think grouping "criminal transactions" with "stuff that's illegal in X country" is fair. At many points in history governments outlawed things that are very wrong (e.g. nazi germany) Just because someone doesn't want to succumb to corrupt institutions doesn't mean he/she is a bad guy.

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