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by Yizahi 1306 days ago
The question is - are benefits of token systems outweigh the negatives? Since the purpose of all these systems is law avoidance (both "legitimate" and "oppressive", all of laws), then in my opinion negatives are much much bigger than benefits. And I say this as a person who can benefit from tokens, i.e. send my money cross border without any legal oversight. But in reality for a the few grey private transaction, the majority of this system usage will be utilised by corporations, billionaires, shady governments, mafia etc. Tokens in the current state are net negative for humans. And hypothetically tokens with control and oversight and protections are just overall worse and more limited digital "money".