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by acdha
946 days ago
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How many countries and financial institutions will do business with someone the US government has put on a watchlist? Now consider that block chains are designed to make it easy for governments to control so even if I’m some guy in Nigeria my calculations for any transaction have to include a discount rate for the reduced number of people who will accept a transaction linked back to a sanctioned organization. Imagine how different the 1920s would have been if every bank, hotel, restaurant, etc. in Miami knew that the dollars you were paying came from a Cuban casino and were subject to criminal charges. |
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