A16Z is re-registering as a financial advisor, renouncing its status as a VC

Re:A16Z is re-registering as a financial advisor, renouncing... by navigatesol on Wednesday April 03, 2019 @06:44AM (#19562276)

>You don't have any freedom if you have to beg VISA or PayPal for permission to spend your money. That alone should be enough to justify the existence of block chain technology and we should all be cheering on its eventual success.

Where is it you live that Internet service is provided by a free market, that can't be disabled?

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Re:A16Z is re-registering as a financial advisor, renouncing... by paulgb on Wednesday April 03, 2019 @07:29AM (#19562487)

I can think of more cases of Visa and PayPal cutting off payments (e.g. to alt-right media organizations, Backpage, gambling) than ISPs. It's of course their right not to process payments for whomever they want, and I personally haven't shed any tears over the organizations I've mentioned, but I do wonder whether it is a good thing that payments are so centralized they effectively become an extragovernmental regulator, especially because their motive is loss prevention and public image rather than public interest.

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Re:A16Z is re-registering as a financial advisor, renouncing... by thinkmassive on Wednesday April 03, 2019 @11:22AM (#19564069)

Most of the inhabited Earth actually... https://blockstream.com/satellite/

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