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Re:Having a safe CEX: proof of solvency and beyond by siftrics on Monday November 21, 2022 @03:17AM (#33690139)
"The oppressor has the upper hand so we shouldn't try to help the oppressed!"

It's about giving people slightly better odds of escaping abuse. It's about helping humanity.

Re:Having a safe CEX: proof of solvency and beyond by Eisenstein on Monday November 21, 2022 @03:31AM (#33690228)
This seems disingenuous. If this system wasn't making money for the people developing it, they wouldn't care at all about 'unbanked' people. Because it does, they can use that as a 'but think of the poor oppressed people' as a lever to shut up critics. It reminds me too much of 'think of the children' that gets used whenever someone criticizes a 'we want to own all the decryption keys' system or similar.
Re:Having a safe CEX: proof of solvency and beyond by siftrics on Monday November 21, 2022 @03:35AM (#33690249)
> If this system wasn't making money for the people developing it, they wouldn't care at all about 'unbanked' people.

No, THAT seems disingenuous.

I am working on crypto because I want to help these oppressed, unlucky people who are born into terrible regimes that are very hard to escape. I literally work on open source, gratis projects that do not generate any money for me.

Re:Having a safe CEX: proof of solvency and beyond by Eisenstein on Monday November 21, 2022 @04:29AM (#33690610)
Can you blame people for being cynical about that, though?
Re:Having a safe CEX: proof of solvency and beyond by dmitriid on Monday November 21, 2022 @05:27AM (#33690980)
> It's about giving people slightly better odds of escaping abuse. It's about helping humanity.

Save pontification for investors.

Crypto is a first-world solution to mostly non-existent problems. "The poor unwashed and huddled masses of unbanked in authoritarian regimes will surely be helped by a system that requires smartphones, always-on internet, and trips to limited offline currency exchanges (heavily monitored in authoritarian regimes) to get any value out of fictional tokens" isn't a solution you want to make others believe it is.

Re:Having a safe CEX: proof of solvency and beyond by siftrics on Monday November 21, 2022 @11:55AM (#33694780)
False. It doesn't require smart phones.

False. It doesn't require always-on internet.

False. It doesn't require offline currency exchanges.

Try fleeing Brazil or Russia with significant amounts of cash. Either you cannot do it through legacy banking systems, or you cannot do it in real life with cash, or you have to pay an extortionist bribe in real life.

Re:Having a safe CEX: proof of solvency and beyond by dmitriid on Monday November 21, 2022 @12:02PM (#33694875)
"Not if your country is under tyrannical or authoritarian rule and disallows access to basic financial services for some arbitrary reason." became "flee Brazil or Russia with financial assets".

Why is it that "we're providing basic financial services to the unwashed and huddled poor masses of the unbanked" always becomes "move large amounts of money from one jurisdiction to another without any government control look Russia Brazil" (but in reality international monetary fraud).

Re:Having a safe CEX: proof of solvency and beyond by siftrics on Monday November 21, 2022 @12:11PM (#33694989)
Moving large amounts of money IS basic financial services.

Would you argue Jews should leave all their money behind in Nazi Germany when fleeing?

By your logic, Nazi Germany should have the right to inspect and disallow the transfer.

Just because it is a government making an arbitrary decision, that doesn't make it morally right.

Re:Having a safe CEX: proof of solvency and beyond by dmitriid on Monday November 21, 2022 @02:27PM (#33696758)
> By your logic, Nazi Germany

Mmm. Godwin's Law. I haven't seen one in the wild for a loooong time.

Re:Having a safe CEX: proof of solvency and beyond by siftrics on Monday November 21, 2022 @03:46PM (#33697692)
Well what is your rebuttal?
Re:Having a safe CEX: proof of solvency and beyond by dmitriid on Monday November 21, 2022 @04:18PM (#33698061)
Godwin's Law does not involve any rebuttals. Neither does reductio ad absurdum. You've managed to do both.

Adieu.

Re:Having a safe CEX: proof of solvency and beyond by siftrics on Monday November 21, 2022 @06:42PM (#33699800)
Remind me in 10 years.