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by trashtester
1464 days ago
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Absolutely correct. There are plenty of payment solutions like SEPA coming out in different markets, now. Money transfer is a known problem. These work brilliantly in contries that are not controlled by the most tyrannical and/or non-functional regimes, as long as you stay within the law. (Even China has such systems in Alipay and Wechat Pay) So what crypto adds (beyond a hypothetical store of value) is the ability to keep your assets and transactins invisible (or nearly invisible) to the government. |
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It's only invisible if you got way out of the way of ergonomics to use cryptocurrencies and try to keep them into an anonymous wallet. The moment your wallet address is figured out all of your transfers in history are an open book, by definition of a public ledger.
So anonymity from government is definitely not a real feature of this usage...