Re:Ask HN: Why does cryptocurrency subjects on HN lack curio...
by jacknews on Sunday November 21, 2021 @07:58AM
(#29295994)
You shouldn't just be waiting for govt to fix anything. Govt acts through the mandate of the people, so if you want it to do something you should be lobying and voting for it.
Private enterprise quite legitimately alters the playing field by introducing new products, services and business models. LEGALLY. When it does so illegally, it should be stopped.
That is exactly my argument, bad institutions should be disrupted by legal competition, or (better), legal or political pressure. Not by illegal circumventions.
Re:Ask HN: Why does cryptocurrency subjects on HN lack curio...
by anonymoushn on Sunday November 21, 2021 @09:01AM
(#29296262)
I don't think you have to do anything illegal to send or accept payments in crypto.
It seems like if we ought to be waiting for the state to fix payment processors, we should also be waiting for them to fix taxis, instead of operating illegal "ride share" apps.
My argument isn't about Bitcoin because Bitcoin isn't a technology that provides cheap settlement of dollars. Other technologies do though, and they additionally avoid the need to pay e.g. 3.6% (!!) to Stripe, which seems like it makes them worthwhile on its own.