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Re:Genesis' Crypto-Lending Unit Is Suspending Withdrawals in... by AlexandrB on Wednesday November 16, 2022 @12:11PM (#33626649)
I suggest reading Man's Search for Meaning[1]. That book made me realize that almost all freedoms are contingent on a functioning and just society. No amount of blockchain technology can change that - you will always be bound by arbitrary rules made by arbitrary people. The only freedom that might be absolute is the content of your own thoughts and how you perceive and react to your conditions.

So the question is: is money on a blockchain any more yours in a meaningful sense that money in a bank? Sure there's a record on a ledger that you have some bitcoin, but the value of that currency can be manipulated, you can be coerced into transferring those funds to someone else, or your currency can be blacklisted[2].

With the example of games, you can be banned or the item you "own" can be banned arbitrarily as well. Nothing on blockchain prevents the game from keeping a blacklist of items that are not allowed to be used. Sure you can trade stuff (maybe), but that's already possible on e.g. Steam. IMHO, one of the biggest outcomes of that has been illegal gambling rings that use CS: GO items as a proxy for currency - which is hardly a positive development.

[1] https://en.wikipedia.org/wiki/Man%27s_Search_for_Meaning

[2] https://cryptoslate.com/despite-tornado-cash-fiasco-bitcoin-...

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