|
|
|
|
|
|
by dane-pgp
1455 days ago
|
|
|
They are (at least) two separate use cases, even though they are both examples of sending money. (You could equally say that they are all examples of sending data). 1. Some people want to be able to send large amounts of money internationally to their family in a country which has currency controls and "official" exchange rates. Others want to be able to send funds to organisations that have been banned by traditional money transmitters, such as Wikileaks, or protest groups, or adult content, or cannabis. 5. Separate groups of people don't have a problem with their government's fiscal or censorship policies, but simply want to be able to buy an emote or a skin in an online game, or to listen to a piece of music or read an article without being tracked around the web or needing to wire 50 cents from their bank in Mongolia to the service provider's bank in Cyprus. |
|
|
5. So you're still being tracked, because there isn't a company around that isn't monetizing viewership data. Also, if you're fine with fiscal policies, why are you hesitant to wire? Sounds to me like you're dissatisfied with your host country's fiscal controls, or service provider's offerings.
Look, control over financial networks is one of the most powerful soft control mechanisms on the planet. You will not work around that. Government is slow to catch up, but I assure you, these folks aren't stupid anywhere close to 100% of the time. The fact regulation is crystalizing around crypto as fast as it is without taking the multi-century learning experience trad-fi did is evidence enough of that.
If it comes down to "a bunch of nerds created an unregulable financial system" I can pretty much guarantee it'll get gobbled by trad-fi snd re-centralized.
In fact, anyone could roll their own financial networks without using banks/Visa/you name it. No one has because we've made laws that specifically increase the barrier to entry because finance is the spine that provides support for all manner of economic activity, which includes the illegal stuff, and Government is putatively in the business of making sure that the illegal stuff doesn't see the light of day.
I just do not see the compelling argument that'll carry weight to switch someone from "financial system that makes crime hard" to "financial system that makes crime easy" and feel alright about it. You have to already accept that crime is just an endemic human phenomena, and this is just a rebalancing of the spectrum.
Given you've got much more efficient implementations of your other use cases available, this is the sticking point for me. No people I've spoken to and laid out what Web3 really is, even with the most charitable framing gets passed that.
If I can't convince people it's a good idea with full disclosure in effect, I'm not sure it's something worth pushing forward.