Hacker News new | ask | show | jobs
by Cider9986 18 days ago
Damn, I made a great reply and it never sent–that sucks.

I was more nuanced and specific, but I don't want to do it all again.

1. The fees are not awful idk what you mean, I pay between 0.1% and 1% fees on Monero transactions.

2. If the modelling can't manage their risk characteristics, they are by definition a victim of the financial system. I was more talking about people who have been debanked, though.

I have a Russian friend who can't pay for things online in fiat because of sanctions and the risk to his life from being on the free internet. So, he uses Monero and Tor and takes his OPSEC seriously. He is a victim of trad-fi, and Monero allows him to take his freedom back.

2 comments

This is actually one of the major reasons people should be very weary of accepting crypto, especially Monero. Instead of being able to basically outsource sanctions compliance to a bank, you take on the burden of trying to figure out if your customers are sanctioned yourself - with potentially dire consequences to your business if you get it wrong.
>risk to his life from being on the free internet

Idk where you are getting this, but "risk to his life from being on the free internet" is total BS.

It's happened in China:

>Gao Yu, a veteran independent journalist and dissident, has been harassed by police repeatedly for visiting and posting on Twitter.

https://www.voanews.com/a/east-asia-pacific_voa-news-china_c...

It's already banned in Russia, it's not crazy to say that you could get in trouble.

Recently they have been cracking down even more. (https://www.bbc.com/news/articles/cr510de17jlo)

This is not what you said and what I've commented on. Usage of VPN is not illegal in Russia at the moment and "risk to his life from being on the free internet" is indeed total bullshit. It is not "crazy" to say, just incorrect(false).