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Re:It’s not still the early days of blockchain by Andrew_nenakhov on Saturday January 15, 2022 @12:24PM (#29948253)
I got into bitcoin when i could receive payment from a client that normally was declined to process by banks in our respective countries, and options like Paypal were too expensive.

In the result buying buying bitcoin for a client for his currency, sending it to me and selling for my currency was cheaper than simply converting USD to my local currency. That's where I understood that bitcoin is a great thing and is here to stay. It is enough to shut your argument. I wasn't poor, but absurd restrictions by banks stood in my way just the same. Bitcoin liberates money.

Re:It’s not still the early days of blockchain by dmitriid on Saturday January 15, 2022 @02:01PM (#29949160)
> It is enough to shut your argument.

It really isn't.

> I wasn't poor

I, I, I.

So if your personal anecdote "shuts down" my argument, then my personal anecdote of never having these problems sure as hell shuts yours.

What crypto peddlers don't understand is that:

- money transfer doesn't need blockchain in any shape or form

- restrictions and regulations exist for a reason, and these reasons are being rapidly discovered by all the people who are being scammed in the web3 space

- the moment money transfer over presents even a fraction of what banks routinely do, they will introduce same money transfers at a fraction of the cost (and they already have, in many parts of the world, but not because of blockchain)

Re:It’s not still the early days of blockchain by Andrew_nenakhov on Sunday January 16, 2022 @09:32AM (#29956255)
What YOU don't understand that bitcoin has 2 key properties: permissionless and artificial scarcity. I haven't heard of any successful implementation of both without the use of Blockchain. Have you? Whatever else you'd offer would have a CA at the core which can censor and block people under duress or at will.

Restrictions and regulations exist for a reason, here I agree with you. What I don't agree with it that this regulation is good. I think most of it is very very bad for people, designed to keep them under control. In my country, this control takes very draconian forms against anyone who is in opposition to the (criminal) government.

Re:It’s not still the early days of blockchain by dmitriid on Sunday January 16, 2022 @11:31AM (#29957342)
> 2 key properties: permissionless and artificial scarcity. I haven't heard of any successful implementation of both without the use of Blockchain. Have you?

Perhaps Because they are not that interesting or useful? So far you've given me two "solutions" in search of a problem.

> What I don't agree with it that this regulation is good. I think most of it is very very bad for people, designed to keep them under control.

Go and read something on food and drug safety (like Horse Named Jim, https://en.wikipedia.org/wiki/Jim_(horse)), an automotive safety, on emission safety, on workplace safety, on...

There's high probability that you're alive and healthy today precisely because of regulations.

> In my country, this control takes very draconian forms against anyone who is in opposition to the (criminal) government.

Ah yes. And crypto will surely help with that because that criminal government will never ever find a way to bust you for trying to convert that "censorship resistant crypto" into, you know, actual money you have to pay for food, rent, electricity etc.

Re:It’s not still the early days of blockchain by CRConrad on Monday January 17, 2022 @06:26PM (#29972890)
> In my country, this control takes very draconian forms against anyone who is in opposition to the (criminal) government.

If I had to guess who is the biggest crypto-"currency" holder in Russia, I'd probably go with Putin.

Re:It’s not still the early days of blockchain by staticassertion on Saturday January 15, 2022 @04:52PM (#29950694)
I think it's important to note that what you're talking about is bitcoin, not the blockchain or even cryptocurrency. No aspect of cryptocurrency or blockchain plays any part at all in your story.

The reason why you could do what you did is because you participated in a young, unregulated market. Blockchain added nothing.

Re:It’s not still the early days of blockchain by Andrew_nenakhov on Sunday January 16, 2022 @09:29AM (#29956234)
Bitcoin is not possible without blockchain or 'cryptocurrency'. Thanks to these properties, it can't be truly regulated, which is a good thing in my book.

Of course, this breaktrhough opens a way to zillions of shitcoins, but they should simply be ignored.

Re:It’s not still the early days of blockchain by staticassertion on Sunday January 16, 2022 @01:05PM (#29958287)
Of course it can be regulated. Countries are working towards that already. It's already a taxable asset. Nothing about the blockchain makes bitcoin harder to regulate.