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A comment on Is This the End of Crypto?. Parent comment

Re:Is This the End of Crypto? by philippejara on Thursday November 17, 2022 @12:18PM (#33642206)
As it stands, without crypto, you are pretty much a hostage to visa, mastercard, discover, and amex to exchange money effectively, and those companies are opinionated to a disturbing extent about who they deny business with when it comes to something so important.

While those companies are not operated as some sort of common carrier of transactions crypto is essential for a free global society.

Apparently Trump of all people actually tried to make it so[0], but Biden seems to have taken it down.

[0]: https://archive.is/wrpvO

[ Parent | on HN ]
Re:Is This the End of Crypto? by SoftTalker on Thursday November 17, 2022 @01:35PM (#33643461)
What happened to cash?

While I don't use it a lot anymore myself, I'm struggling to think of any service or product I use whose provider would not happily accept cash as payment. There are more than a couple of small restaurants here that only accept cash. My barber only accepts cash.

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Re:Is This the End of Crypto? by web3isgoing on Thursday November 17, 2022 @02:02PM (#33643868)
Depends where you live. Most developed countries are moving away from cash. Some already have.
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Re:Is This the End of Crypto? by DennisP on Thursday November 17, 2022 @02:04PM (#33643909)
Cash is risky for any business or charity that's not physically nearby.
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Re:Is This the End of Crypto? by BeFlatXIII on Thursday November 17, 2022 @03:59PM (#33645597)
Payments to remote distances become cumbersome.
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