| > And governments have enacted laws to protect people. With cryptocurrencies, they - by definition - cannot. Once you got scammed, your money is all but gone (sans a very VERY few exceptions). Rollbacks being impossible doesn’t mean the government cannot legislate. This is a double edged sword - the benefit and the drawback are inextricably linked. Caveat emptor. Do you want absolute control of your funds? If so, you can memorize 12 words and travel the globe. If not, look to custodial partners, ETFs, or multi-signature wallets. > That's a societal problem, it can only be solved by society, not by cryptocurrency peddlers and tech-bros. And in any case: at some point that "wealth" has to enter the real world, and it's there that governments can step in and seize said wealth. What? I assume by “this” you mean people who don’t have quality trustworthy financial institutions? This is Hacker News. We brainstorm technological solutions to real world problems all the time. This particular problem can only be solved be “society” at large, not technology, because you say so? You want to disparage those trying as “tech-bro peddlers” - do you simply mean any technology inclined entrepreneur who doesn’t present female? This is an absurd emotional invective. I’d bring up Monero RingCTs and stealth addresses as an intermediate step and the offramp of direct purchases which that community has been building, as well as tools like Bisq, but I doubt the utility of continuing to reply. |