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Re:A16Z is re-registering as a financial advisor, renouncing... by stale2002 on Wednesday April 03, 2019 @06:37AM (#19562243)
Censorship resistant financial transactions.

It is much more difficult to censor crypto payments than it is to censor credit card, paypal, or bank transactions.

Crypto payments being censored just isn't something that is happening, even though crypto has been around for 10 years. The evidence proves that it is more difficult to censor.

Re:A16Z is re-registering as a financial advisor, renouncing... by notyourday on Wednesday April 03, 2019 @07:25AM (#19562463)
Only in a separate digital realm that never touches the rest of the world. In the rest of the world there are laws that are enforced by force and no amount of math is going to prevent a SWAT team from dragging a crypto punk into a slammer.
Re:A16Z is re-registering as a financial advisor, renouncing... by stale2002 on Wednesday April 03, 2019 @11:37AM (#19564215)
Censorship is something that can be done by both the government, and private companies.

It is something that happens with or without a court order, to people who have broken zero laws. Yes, the government often censors perfectly legal financial transactions, to people who aren't criminals.

And crypto makes such censorship against people who have broken zero laws, much more difficult. It makes it no longer as easy as just calling up a bank, or a couple credit card companies, and telling them to cancel all of their transactions to people who didn't commit any crimes.

It makes it no longer as easy as a couple monopoly companies making a quick agreement to screw over an entity that didn't do anything illegal.

Re:A16Z is re-registering as a financial advisor, renouncing... by notyourday on Wednesday April 03, 2019 @02:21PM (#19565834)
Only in the realm of digital stuff. The moment it hits real physical world it becomes clear that the entire castle is built on sand, using sand. Since we have not figure out yet how to feed ourselves and house ourselves using the crypto assigning it such attributes is rather odd.
Re:A16Z is re-registering as a financial advisor, renouncing... by stale2002 on Wednesday April 03, 2019 @02:55PM (#19566117)
> Since we have not figure out yet how to feed ourselves and house ourselves using the crypto assigning it such attributes is rather odd.

Of course there is a way to do this. You go to a store and pay for food with crypto if the store accepts it.

Is has an advantage over credit cards, as a couple companies could block your transactions, whereas this is much more difficult with crypto.

Lots of in person stores have had problems with the visa MasterCard duopoly.

Being able to escape from the risk of censorship from visa and MasterCard, for brick and mortar stores, is useful in and of itself.

Money is digital. And you can use digital money to pay for physical things. And you can get around censorship, enacted by private companies, using digital payments that are harder to censor, and this works for real life physical goods.