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> imagine someone anonymously putting up a $X million dollar bounty on someone’s head, backed by a smart contract promise or something (I know that it can’t be guaranteed at present, but imagine). Or other nefarious things that most of the society considers harmful - and having no way to stop those from happening. With or without crypto, nothing prevents that from happening today. Number one currency for nefarious actions is (and likely will always be), USD. Likely perpetuated by the US govt itself. > There is a reason why we have the current system, and while there are large issues with it, Bitcoin/Crypto solves very few of them I don't think they are trying to solve for those issues though. I'm more than happy with the issues they do solve, for me, today. Namely, more control and flexibility over my own funds. I can take any amount of my dollars in my bank, convert them to a decentralized stablecoin (and I'm not talking shit like UST), fly to another country, and then access those funds locally without anyone telling me what I can and cannot do. If that means that others can do the same and they might use that to do something awful, it doesn't really matter to me because if they really wanted to get away with it in today's standards, they could. Jamal Khashoggi is a prime example of this. |
That's like: https://xkcd.com/538/
Are we talking about 2k USDs or meaningful sums like 300k or 10 million? Because banks in many countries (e.g. mine) have outright ban transactions with BTC-related websites (e.g. crypto exchanges) using their accounts... So assuming you find someone who'll be able to verse 1 million USD to your account (can/will coinbase do that? not in theory, in practice... or ask you 15 days to put the money together?), you'll have to convince the bank to accept and hand you the money. Then explain where did these came from. Good luck with that.