Re:Richard Stallman: We Can Do Better Than Bitcoin
by arcticbull on Monday November 26, 2018 @06:11PM
(#18537704)
You have to move money to someone else via an exchange locally to buy that can be shutdown on a whim, or you have to move money out of the country to buy, and if you can do that there are myriad better options. Mining is not an option due to cost, and the successful ones get nationalized. I could see the argument in a world where everyone magically got preallocated some amount of Monero but that’s definitely not the world today. Obtaining the bitcoin in the first place is the blocker, not to mention it’s awful “store of value” problem.
The success of one's investment has nothing to do with censorship resistant financial transactions. It is irrelevant.
> If you can move money out of the country
You can move crypto of the country with the clip of a button.
Also, you can move it to the other side of the same country, quickly as well.
A financial transaction is an exchange of money, for a good or service. You send money to someone, and they give you a good. Crypto makes the money half of the transaction censorship resistant.