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by jMyles 793 days ago
> "This product makes it easy to illegally bypass international sanctions" is not the compliment you think it is.

It feels like this is a wedge across the community here at HN right now.

If the goal of the technology is to draw sovereignty from math and implement it in a way that's useful, then the capacity to trivially bypass legacy bugs (such as illubrication occurring in places where states assert their boundaries) seems like an enormous and meaningful compliment.

Maybe you think those are features and not bugs, but that's a different discussion (one I'm happy to have and about which my heart sings true).

1 comments

I think it’s a problem if you have to point to a poorly functioning country and go “see? Bitcoin works!” Meanwhile the poor locals need to somehow get enough technology and understand Bitcoin. And in developed countries, no one really wants it or only buy it to speculate, not to actually make transactions.

Bitcoin ATMs used to be on the rise where I live many years ago. And I could make purchases. Now they are all gone.

Seems like the people adopting crypto don’t have many choices.