Comment by bryceneal
4 months ago
> The original idea with crypto was that the "code" was so strong, it removed the need for physical banks, tellers, FDIC, law enforcement, etc.
Is this really an accurate characterization of "the original idea"? And according to whom?
The Bitcoin paper pretty heavily alludes to this, though behind the guise of censorship resistant currency, which is exactly the same concern.
I personally know of at least one person who was able to escape Russia at the very beginning of the Ukraine war because cryptocurrency was a viable way for his brother in America to fund his escape despite sanctions and other hurdles.
Yes it is. Me and many other people.